General Liability Audit Help for Orlando, Florida Contractors
Quick Answer
An Orlando general liability audit uses a contractor’s reported exposure, such as receipts, payroll, operations, and subcontractor documentation, to determine final premium. Audit Monkey helps Florida contractors compare those audit calculations with the records supporting them.
Orlando and Orange County contractors face GL audits just as frequently as workers' comp audits — and the same subcontractor COI issues that inflate WC bills can also inflate your GL premium. Audit Monkey reviews GL audits for Orlando contractors and disputes every overcharge.
What Triggers a GL Audit?
Your GL carrier audits your policy annually to verify that your actual revenues and payroll match the estimates used to set your premium. If your actual numbers were higher, you owe additional premium. If they were lower, you get a refund. Most Orlando contractors owe additional premium because their revenues grew faster than their original estimate.
Contact Audit Monkey at (239) 323-0785 for a free Orlando GL audit review.
Frequently Asked Questions
How are GL audits calculated for Orlando contractors?
General liability audit premiums for Orlando contractors are calculated based on gross receipts (for most trades) or payroll (for some specialty trades). The auditor reviews your tax returns, invoices, and bank statements to verify your reported receipts. Subcontractor receipts without COIs are typically added to your GL audit basis, increasing your premium. Orange County contractors working on I-4 Ultimate and downtown Orlando projects face the largest GL audit exposures.
What records do Orlando contractors need for a GL audit?
Orlando contractors need: annual gross receipts by trade classification, subcontractor certificates of insurance, 1099 forms for all subcontractors, job cost records by project type, and bank statements. Carriers may also request contracts for large projects to verify the scope of work and applicable classification.
Does Audit Monkey serve Orlando contractors?
Yes. Audit Monkey serves Orlando and all of Orange County remotely. We handle GL audits, workers' comp audits, bookkeeping, and payroll for Orlando contractors. Call (239) 323-0785 or visit theauditmonkey.com for a free Orlando audit review.