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Can you get workers comp if your policy is canceled due to monies owed from an audit?
Wiki User
∙ 14y ago
It will probably be very difficult at best. Insurers do not want to take on an account that does not honor its financial obligations. The audit asks you to pay for the true exposure for which the insurance company was providing insurance. If someone had a payable claim, the insurer would have honored it. It is only right that you perform according to your obligations. When you don't, you appear to be a bad risk compared with someone who does. Also, many times you run the risk of making your agent pay back all the commission he or she earned when you don't pay your audit on time. If he or she worked very hard for you, that's also not good for your reputation. If costs are getting out of hand, talk with your agent about ways to save costs, and work out a plan to pay the audit. The best policy is full disclosure and an attitude of reconciliation - not abandonment.
Wiki User
∙ 14y ago
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How many policy auditor audit score categories are there?
4
What policy item audits resource access?
Audit object access
If you cancel your general liability policy do you still have to participate in the audit for the previous year?
YES ! You have a contractual duty to do so. If you fail to do so it could create a coverage problem even after a policy is canceled. After many years in the insurance business i have not seen a problem of this nature occuring. The problem here is that with general liability a claim can occur but without any one being aware of the issue. These are referred to as INCURRED BUT NOT YET REPORTED. I have seen these type of issues before but they were not connect to a audit. I stongly recommend you comply with the policy provisions that says you have a duty to comply.
How long do banks keep a record of canceled checks?
The IRS has up to 7 years to audit you. Keep em for 7 years and shred.
Would a general liability Insurer cancel a policy after an audit upon finding out the company did not report all employees?
It would depend on how the policy was written as to whether or not a general liability insurer would cancel a policy after an audit where they found out that the company did not report all employees.
What is composite rated Auto Liability insurance?
how is the audit calculated on a composite rated policy
Can one get an independent audit of the general liability policy at no charge?
Yes, you can. Our company performs just such an audit and we are only paid if we obtain a refund. Our site is www.USA-Audit.com.
What would you audit to determine who is authenticating your Active Directory domain controllers?
Policy Change Events.
What policy setting is set to audit successes in the Default Domain Controllers GPO?
account management events
What would you audit to determine who is authenticating against your Active Directory domain controllers?
Policy Change Events.
What would you audit to determine who is authenticating against you Active Directory domain controller?
Policy Change Events.
Can an insurance company that issued a general liability policy send a bill pursuant to an audit and request additional premiums on a policy that expired 6 months earlier?
Yes many Liability Policy are subject to audits which occur on policies after the term dates. The reason for this is that the original policy premium is generally based on estimates of of the exposure basis (i.e. payrolls, receipts, etc.) The insurance company is entitled to audit at the end of the policy term to adjust the premium to reflect the actual exposures.
