An Insurance Audit is a process conducted by insurance companies to verify the accuracy and adequacy of the information provided by policyholders regarding their insurance coverage and premium calculations. Insurance audits are typically performed after the policy term has ended or periodically during the policy period, depending on the type of insurance and the terms of the policy.

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3 Tips for Avoiding Audit Surprises – Business Insurance Audits

Based on your previous encounters with insurance audits, you likely view them as either routine or burdensome. To navigate audits more smoothly and prevent surprises, consider implementing these tips to streamline the process and enhance your business operations.

Understanding Insurance Audits – Business Insurance Audits

Opinions on insurance audits range from “no big deal” to “frustrating,” and as Insurance Agents, we hope they lean towards the former. Clear comprehension of audit purposes, accuracy in policy applications, and proper documentation maintenance can streamline the audit process for businesses, averting surprises.