Premium Audit Process
When your customer purchases a workers’ compensation policy, their premium is based on their business operations and exposures. Throughout the life of the policy, those exposures and payroll might change, resulting in a higher or lower premium rate. During a premium audit, which is conducted at the expiration of the policy period, actual exposures and classifications are compared to what was estimated to determine the final premium.
We understand the word ‘audit’ can sound daunting, but rest assured, our team will be there to guide customers through the process. To help your CompWest customers understand the process, click here.
Premium Audit Contacts
PO Box 40790 – Lansing, MI 48901-7990