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Focus Manufacturing

Verifying Accuracy of Carrier’s Policy Audits

Posted by Tom Scheider

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A formal review is made of the policy period audits (CGL/Auto/WC) to verify the audit variables as accurate and to identify errors/discrepancies. Audit disputes are documented and presented to the carrier for discussion/correction.

Value

Technical knowledge is used to efficiently identify errors/discrepancies in audits. Act as a resource to manage results in saving the client’s time and, in many cases, excess premium.

Testimonials

“Annually the Scheider Team will review the insurance carrier WC/Auto/CGL audits for accuracy. Frequently the Scheider Team will identify errors in the carrier’s audits. In 2012, the Scheider Team identified an error in the WC audit saving Steel King over $20,000.”

Steel King Industries, Inc. - Mike Hamilton, Former Vice President - Finance
Client since 1996

“During our 2012 policy period audit, errors were identified in the carrier’s audits. The Scheider Team stepped in on our behalf and immediately zeroed in on the causes of the discrepancies. Through his guidance, the audits were resolved to the satisfaction of all parties without damaging the relationship between Plank Enterprises and our carrier.”

Plank Enterprises - Gary Fenner, Corporate Vice President
Client since 1992

Topics: Tom Scheider, Dan Scheider, Policy Audit, Manufacturing, FOCUS on Risk Management, R&R Insurance