Insurance providers like Pie use an annual premium audit to make sure your policy premium is still right for your business. Here’s why: your premium was based on your estimated annual payroll, and an audit finalizes your premium using your actual payroll information.
It’s essential to participate in your required audit, and we’re here to make it as easy as possible.
What to expect
When it’s time for your audit, we'll email you with a head's up that our audit partner will be contacting you shortly. Your auditor will help walk you through the process and forms and can answer any questions you have.
Virtual assessment
Phone call
In-person visit
What you’ll need
Your auditor will provide details when the time comes. In the meantime, keep these on hand:
Payroll records
Salaries, wages, commissions, overtime pay, bonuses, unemployment reports, individual earnings, and tax returns
Employee records
Number of employees, hours worked, employees’ job duties, and the breakdown in dollars if an employee works in more than one classification code
Cash expenses
Any payments to independent contractors and subcontractors, casual labor, materials purchased
Certificates of insurance
All certificates for every subcontractor’s workers’
comp insurance coverage
