The word “audit,” in any context, always brings stress.
The fear of the unknown, the hassle of gathering documents, and the worry over the amount of time involved...notice of an impending General Liability Audit is no exception. Even if you are confident that your business operates in a way that is both legally compliant and ethical, an audit requires resources and attention that you would probably rather invest in other areas of your business.
What is a general liability audit?
Occurring at the end of an insurance coverage period, a general liability audit is a comprehensive review of your business in order to identify whether your premiums matched the insurance exposure of your business. An auditor will review your payroll to determine if the employees in your company are covered at a level that matches the risks that come with their job. Audits are not restricted to payroll records, though that is typically where they begin.
While these audits may not always be restricted to only reviewing your payroll, that is where they generally start, and most of the audit process will be related to a review of your payroll records. Because of that, Flexible Payroll is able to offer our assistance with the General Liability Audit process. We have the experience of going through this process with other clients, and we can help ensure you complete the process efficiently and accurately.
Let our experience simplify the process.
This may be your first General Liability Audit or perhaps it has been awhile since you were last audited. At Flexible Payroll, we routinely help our clients to successful navigate audits. We are here to walk through the process with you, ensuring your audit is completed efficiently and accurately.
Get in touch with us to learn more about how our audit assistance services can benefit your business.