AUDIT & PAYROLL REVIEW
AUDIT & PAYROLL REVIEW
Workers’ compensation audits directly determine your final premium.
For many businesses, this is where the largest discrepancies occur — often resulting in unexpected additional premium due to misclassification, payroll errors, or incomplete documentation.
At Goldbridge Insurance, we have a dedicated audit review process and internal team that works with clients to prepare for, manage, and review audits to ensure accuracy.
AUDIT & PAYROLL REVIEW
Workers’ compensation audits directly determine your final premium.
For many businesses, this is where the largest discrepancies occur — often resulting in unexpected additional premium due to misclassification, payroll errors, or incomplete documentation.
At Goldbridge Insurance, we have a dedicated audit review process and internal team that works with clients to prepare for, manage, and review audits to ensure accuracy.
HOW OUR AUDIT DEPARTMENT WORKS
Our audit department is focused on one objective: making sure your policy reflects your business correctly and that you are not overcharged.
We work with clients throughout the entire audit cycle, including:
- Pre-audit payroll and classification review
- Verification of employee duties and proper class codes
- Identification of potential audit exposure before it occurs
- Preparation of supporting documentation
- Direct coordination during the audit process
- Post-audit review and reconciliation
This structured approach helps prevent issues before they happen and ensures audits are handled correctly from start to finish.
WHERE AUDITS GO WRONG
We regularly see audits where:
- Employees are placed into higher-rated class codes than appropriate
- Payroll is overstated or incorrectly allocated across classifications
- Job duties are misunderstood or misrepresented
- Subcontractor classifications are handled improperly
- Documentation is incomplete, leading to unfavorable assumptions
These issues can significantly increase your final premium and create ongoing cost problems.
WHERE AUDITS GO WRONG
We regularly see audits where:
- Employees are placed into higher-rated class codes than appropriate
- Payroll is overstated or incorrectly allocated across classifications
- Job duties are misunderstood or misrepresented
- Subcontractor classifications are handled improperly
- Documentation is incomplete, leading to unfavorable assumptions
These issues can significantly increase your final premium and create ongoing cost problems.
PRE-AUDIT PREPARATION
Before an audit takes place, we work with you to:
- Review payroll reports and employee breakdowns
- Confirm classification accuracy based on actual job duties
- Identify areas where clarification or documentation is needed
- Organize records so the audit process is clean and controlled
Proper preparation is one of the most important factors in achieving an accurate audit outcome.
DURING THE AUDIT
We remain involved throughout the audit process to:
- Ensure information is presented clearly and accurately
- Help address auditor questions
- Provide additional documentation if needed
- Reduce the likelihood of assumptions that lead to higher charges
DURING THE AUDIT
We remain involved throughout the audit process to:
- Ensure information is presented clearly and accurately
- Help address auditor questions
- Provide additional documentation if needed
- Reduce the likelihood of assumptions that lead to higher charges
POST-AUDIT REVIEW AND CORRECTION
Once the audit is completed, we conduct a detailed review to ensure the results are accurate.
This includes:
- Reviewing final classifications and payroll allocation
- Identifying discrepancies or overcharges
- Assisting in correcting errors or disputing findings when necessary
- Ensuring the final premium reflects your actual operations
WHY THIS MATTERS
Even small classification or payroll errors can result in significant increases in premium.
A properly managed audit process helps:
- Prevent unnecessary overcharges
- Maintain accurate classification over time
- Improve long-term cost control
- Reduce the likelihood of disputes with carriers
At Goldbridge Insurance, we treat audits as a critical part of your overall workers’ compensation strategy — not just a year-end process.
If you have an upcoming audit or have recently completed one, we can review it and provide a clear breakdown of where there may be discrepancies or opportunities to improve accuracy.
WHY THIS MATTERS
Even small classification or payroll errors can result in significant increases in premium.
A properly managed audit process helps:
- Prevent unnecessary overcharges
- Maintain accurate classification over time
- Improve long-term cost control
- Reduce the likelihood of disputes with carriers
At Goldbridge Insurance, we treat audits as a critical part of your overall workers’ compensation strategy — not just a year-end process.
If you have an upcoming audit or have recently completed one, we can review it and provide a clear breakdown of where there may be discrepancies or opportunities to improve accuracy.