Many commercial insurance policies are auditable.
Common auditable policies include:
- Workers’ Compensation
- General Liability
- Certain contractor policies
The insurance company may request actual information after the policy expires.
Audit documents may include:
- Payroll reports
- Quarterly tax reports
- Profit & Loss statement
- General ledger
- Sales
- Subcontractor expenses
- Certificates of Insurance
- Officer information
- Employee classifications