7 Year Retro Audit Of Workers’ Compensation Program

Incorrect or unnecessary calculations of your experience modification rate, insurance premium, and reserves can increase your company’s workers’ compensation costs. Employers Unity can help reduce workers’ compensation costs and increase profits by: conducting a retroactive seven-year analysis of your workers’ compensation premiums, and auditing your experience modification rate, insurance premium, and reserves.

What Documentation is Needed?

The following items are needed for each policy year for the past seven years:

  • Renewal billing statements and/or proposals for insurance (est. payrolls, discounts, etc.)
  • Final audit billing statements
  • Auditor’s worksheets or audit reports
  • NCCI experience rating worksheets
  • Loss history summaries
  • Dividend and /or retrospective rating proposals and calculations (if applicable)