Audit Review Services
PAC understands that audits should be both complete and accurate
before they are ever invoiced by an insurance carrier.
Unfortunately, thorough audit reviews might not always occur. This
greatly increases the opportunity for erroneous audits to make it
through the system and results in undercharges, overcharges, and plenty
of audit disputes.
There are many causes of audit errors. The most obvious errors are
found in areas such as classification code assignment, subcontractor or
independent contractor inclusion/exclusion, and even simple math.
There are also plenty of not-so-obvious errors that can get through the
process without a properly trained expert to catch them. Some
examples of this include: unexplained variances in exposure (payroll or
sales), lack of understanding of additional entities and operations, and
failure to perform a basic analytical review of the overall audit to
make sure that it makes sense.
PAC has the technical expertise to spot issues that many in the industry
wouldn't even consider. PAC provides quality audit review services
either before or after insurance audits are processed, depending upon
your needs.
Insurance Carriers - If you are facing
limitations with staff size, expertise, or time, trust PAC to
review
your audits and ensure that they are as correct as possible the first
time out.
Agencies - Provide your clients with a
value-added service and promote account retention by having audits
professionally reviewed to identify potential issues and ensure premium
accuracy.
Policyholders
- If you believe that something might have been done wrong on your
audit, or that you just want an unbiased opinion on the matter, let PAC
give you the peace of mind to know that you are paying the correct
amount of premium.
Audit Vendors
- Facing inventory overload? PAC can remotely review your audits
so that you can maintain the time service requirements of your clients.