By Glenda Moyle, Premium Accounting Manager

Wow, can you believe another year has gone by. And what that means is that it is final audit time for our January renewals which is coming up shortly. When we issued your policy, we based your premium on the estimated payrolls by class codes which you provided. Now the final audit will give us actual payrolls, by class codes, to see if you owe us more premium or we owe you a refund of premium. About half of our policyholders will be going through the annual audit process in the next few weeks/months and will be contacted by The Aprise Group by the end of January to schedule your audit.

When you received your renewal documents you should have received a one page flyer titled Guidelines for your Premium Audit. It also included the list of inclusions and exclusions that is used in the Remuneration as the Basis of Premium. Use these items for reference for your audit.

For over 30 years I have been helping you with this process and I continue to be ready should you have any questions.