Helpful Tips to Prepare for Your Garage Liability Policy Premium Audit

Please review these tips to prepare for your Garage Liability Premium Audit. An accurate audit depends on having your records prepared for review.

What documents will I need for a premium audit of my garage liability policy?

You will be informed of specific documents needed prior to your premium audit, but in general, payroll reports are required as well as State Unemployment Wage Reports (SUTA).

Light Bulb TIP: Maintain up-to-date records and save in a paper or electronic folder. Visit the Required Documents section to see examples of documents and verification records needed which vary based upon your type of policy.

What if my payroll records don’t line up with my policy period?

If your payroll report doesn't match your policy term, you can round the payroll report to the first of the month. For example, if your policy period is 6/15 - 6/15 you can provide payroll for 7/1 to 6/30 or 6/1 to 5/31.

Light Bulb TIP: It is acceptable to deviate payroll from the policy period by 30 days.