To ensure that the premiums you pay for your workers’ compensation are accurate, and to determine whether you are eligible for a return of premium, Pinnacol Assurance audits each policy at the end of the policy period. Here’s why.

Why audit?

Because your premium is calculated using estimated figures, it’s important for us to look at your premium using your actual payroll and exposures. These audits sometimes result in a return of premium. In addition, audits help ensure that no business has an unfair advantage because of incorrect classification or payroll assignment.

During an audit, the following information will be reviewed:

  • Ownership status
  • Business operations
  • Duties of employees
  • Payments to subcontractors

Types of audits

Documents to have ready

Our auditors are experts in Colorado’s workers’ compensation statutes and regulations and can help you accurately audit and understand: 

  • The classification of your business and workers
  • How your premium is calculated
  • How you can forecast future premium costs
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