Why does NEXT audit my workers’ compensation policy? What do I need to do?

We’re required to audit your workers’ compensation policy by your state. 

An audit is a review to make sure that we collected the accurate amount of premium for your coverage, since the cost was based on an estimate of your annual payroll at the time you purchased the policy.  

At the end of your policy period, we may ask you to provide some documentation to confirm your payroll and other business details.

If we discover any discrepancies in the premium we collected during the policy period, we’ll notify you. If we collected too much premium, we’ll issue you a refund. If we collected too little premium, we’ll send you an invoice for the balance due.

If you disagree with the result of our audit, you’ll have 30 days from the date we notified you to contest it. 

Learn more about workers’ compensation audits at NEXT