Pinnacol Assurance audits each policy at the end of the policy period
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.
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:
Duties of employees
Payments to subcontractors
Types of audits
Just follow our step-by-step instructions to complete the audit yourself, at your convenience. Self-audits can be submitted online — the fastest, easiest way to complete an audit — or mailed to Pinnacol.
One of our auditors will visit your place of business to perform an on-site audit. Field audits can usually be completed in two hours or less.