Audits with no stress or surprises

Get the audit answers you’re looking for

• What is a workers' comp audit?

  A workers’ comp audit is a mandatory review of your business’s payroll and operations after the policy period to ensure the premiums match its actual exposure and risk. They’re required by law to protect employees. To learn more about workers’ comp audits, contact one of our experts today at 320-203-0700.

• How does an Audit Review from RPM help my business?

  Workers’ comp audits can be stressful and confusing. Auditors are often looking at your account for the first time, missing critical context. If you’re an RPM client, we already know your business, so we’re a step ahead when audit season comes around. During the review, our team gathers and provides reports to streamline the audit process. You’ll get the accuracy you need, with none of the stress. 

  If you’re an insurer, we can help you collect audit balances by breaking them into more easily managed payments for your clients. If you’re a business owner or policyholder, we give you a flexible payment option so you don’t have to suddenly come up with a surprise lump sum of money. We’ll also review auditor findings and advocate for policyholders if discrepancies are found.

• How do I prepare for a workers’ comp audit?

  It’s really simple. We offer our Audit Review service to policyholders at no additional cost. Once you send your audit notice, our team will gather everything we need to prepare your audit review and will reach out if we need anything else from you.

• What happens if I don't do a workers’ comp audit?

  Workers’ comp audits are mandated by law. Without completing a workers’ comp audit, your carrier may issue an estimated premium that’s often higher, issue penalties, or may even cancel your coverage. Audit penalties are additional premium charges, policy cancellation, non-renewal, estimated premiums, or even legal action if your business fails to comply with an audit.

• What payroll is included in a workers' compensation audit?

  A workers’ compensation audit includes all payroll paid to employees for work performed during the policy period. The types of payroll included depend on many factors, including which state you’re working in, policy exclusions and endorsements, and state-specific caps. Our workers’ comp experts can help answer any payroll questions you may have. Simply fill out our online form or call 320-203-0700.

• How does RPM reduce audit surprises?

  Our specialists eliminate surprises by verifying all payroll, class codes, and exclusions throughout the policy lifecycle. Your business is complex, and things change. RPM can help make sure you’re covered by alerting you when, for example, an endorsement is needed. That way any changes are captured on an ongoing basis, helping minimize balances due at the mandatory term-end audit.

• Why does my business need an audit review?

  Most workers’ comp policies require an audit. Carriers work with auditors to ensure compliance. RPM customers have access to our professional review service to help them prepare and understand results. While audit balances are rarely zero, RPM Pay As You Go is designed to keep them as close to zero as possible.