A workers' compensation policy audit is a review of your payroll and operations to ensure your premiums accurately reflect your risk. It verifies that your business is classified correctly and that your reported payroll matches your actual payroll, which may result in either a refund or additional premium due.
To ensure that the premiums you pay for your workers’ compensation are accurate, and to determine whether you are eligible for a return of premium, Pinnacol Assurance audits each policy at the end of the policy period. Here’s why.
Because your premium is calculated using estimated figures, it’s important for us to look at your premium using your actual payroll and exposures. These audits sometimes result in a return of premium. In addition, audits help ensure that no business has an unfair advantage because of incorrect classification or payroll assignment.
Just follow our step-by-step instructions to complete the audit yourself, at your convenience. Self-audits can be submitted online — the fastest, easiest way to complete an audit — or mailed to Pinnacol.
One of our auditors will visit your place of business to perform an on-site audit. Field audits can usually be completed in two hours or less.
This audit is conducted by appointment at Pinnacol's office. Call 303.361.4000 or 800.873.7242 for an appointment.
Accidents are inevitable. Reduce the impact of and damage from hitting the ground by using these steps for falling safely.
The price of your policy reflects the total payroll and type of work performed. You can find a list of what should be included or excluded from the payroll here.
