Workers’ compensation coverage is a must for employers, which means the workers’ compensation audit is a necessary process as well. Regardless of the size of your payroll or how long you have been in business, there are 4 important things you need to know about workers’ compensation audits:
1. Workers’ Compensation Audits are Mandatory
Workers’ compensation audits may not be at the top of an employer’s list of favorite things to do, but no amount of avoidance or procrastination will absolve you of your audit responsibilities. Audit requirements are specified right in the workers’ compensation coverage form.
2. Workers’ Compensation Audits Require Specific Information
Workers’ compensation rating involves complex rules regarding various types of employee compensation and these rules can vary by state
