There are a few different kinds of audits the carrier may perform: statement, online, mail-in, telephone, or physical.
Statement: Uses info that we (your broker) send to your carrier. You’ll hear about the results of your statement audit from your carrier.
Online: If your carrier is set up for it, you can submit all of your audit documentation to them via email or through their online portal.
Mail-in: You carrier will send a list of documents they want from you.
Typically, these include:
- payroll journals/summaries
- quarterly tax forms (941s)
- unemployment reports
- 1099 reports
Your payroll provider can help you gather these documents, and members of our audit team are happy to help you as well.
Telephone: Just as it sounds, this will be an interview with you over the phone. The carrier will probably still ask for the same kinds of documents as with a mail-in audit.
Physical: Your carrier will schedule one of their agents to come to your workplace and verify that your employees are performing work in accordance with their class codes.