What is a Business Commercial Insurance audit and how do they work?
Автор: Tracey Wells - Wells Agency LLC (Insurance agent)
Загружено: 2023-10-09
Просмотров: 181
Описание:
Often times business insurance policies are subject to audits conducted by the insurance carrier. These audits can be conducted over the phone in 10-15 minutes or in person if the policy coverage is more complex. These are done to make sure the coverage matches the business operations, the payroll or the inventory and building construction materials. Some audits are done within a few days after binding coverage and others are done towards the end of the policy period (usually workers comp policies). It is important to get these audits completed as soon as possible. If not completed, it could risk policy cancellation or modifications.
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