Helpful Tips to Prepare for Your Garage Liability Policy Premium Audit
GARAGE LIABILITY TIPS
An accurate audit depends on having your records prepared for review.
Please review these Q&As and related tips to prepare for your garage liability Premium Audit.
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).
TIP Maintain up-to-date records and save those in a paper or electronic audit-designated folder. Visit the required documents section to see examples of documents and verification records needed which vary based upon your type of policy.
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.
TIP It is acceptable to deviate payroll from the policy period by 30 days.
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How to prepare for your audit
Preparing for your audit is as simple as keeping proper records and documentation throughout your policy period.
Helpful tips to prepare for your Premium Audit
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The way that a premium audit is completed is determined based on premium size, type of operation and state requirements.
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