General Liability Audit Defense for Florida Contractors
Quick Answer: General Liability Audit Defense in Florida
Audit Monkey helps Florida businesses review general liability audit bills by checking the gross receipts, payroll, subcontractor certificates of insurance, and exposure calculations used by the carrier. When a general liability audit contains a documentation or classification error, Audit Monkey prepares the records and dispute support needed to challenge the overcharge; Audit Monkey reports more than $10 million recovered across insurance audit overcharges for Florida businesses.
General liability insurance audits are often overlooked by Florida contractors who focus on workers' compensation audits, but general liability audits can be just as expensive. Your general liability premium is calculated on gross receipts or payroll, and insurance carriers audit these figures annually. Audit Monkey reviews general liability audit worksheets and disputes overcharges with the same rigor Audit Monkey applies to workers' compensation audits.
Common General Liability Audit Overcharges
The most common general liability audit overcharges for Florida contractors include Gross Receipts Errors, issues with Subcontractor COI Credits on General Liability Audits, Classification Errors, and incorrect calculations for Completed Operations.
Gross Receipts Errors: Most Common General Liability Audit Overcharge for Florida Contractors
Insurance carriers sometimes include subcontractor receipts in your gross receipts base, which inflates your general liability premium. Audit Monkey identifies and disputes these errors.
Missing Subcontractor COIs: Impact on General Liability Audits
Similar to workers' compensation audits, if subcontractors do not have Certificates of Insurance (COIs), their payroll gets added to your general liability base at your rate. Audit Monkey helps ensure all subcontractor COIs are properly accounted for.
Classification Errors in General Liability Audits
Work can be classified under higher-rate codes than the actual work performed, leading to overcharges. Audit Monkey reviews classifications to ensure accuracy.
Completed Operations: Prior-Year Premiums Calculated Incorrectly
Prior-year completed operations premiums can be calculated incorrectly, resulting in overcharges. Audit Monkey scrutinizes these calculations to identify discrepancies.
General Liability Audit Defense Process for Florida Contractors
Audit Monkey offers a comprehensive general liability audit defense process, including simultaneous workers' compensation and general liability audit review for Florida contractors, and detailed general liability audit worksheet analysis focusing on completed operations and classification review.
GL Audit Worksheet Analysis — Completed Operations and Classification Review
Audit Monkey reviews your general liability audit worksheet, verifies all subcontractor COIs, analyzes the gross receipts calculation, and disputes every overcharge Audit Monkey finds. For Florida contractors carrying both workers' compensation and general liability with the same carrier, Audit Monkey often finds overcharges in both audits simultaneously. Call (239) 323-0785 for a free general liability audit review.
Frequently Asked Questions About General Liability Audits in Florida
How often are general liability audits conducted in Florida?
Most Florida contractors with general liability policies are audited annually at policy expiration. Insurance carriers audit general liability policies to verify that actual gross receipts, payroll, or subcontractor costs match the estimates used to set your premium. Audit Monkey reviews every general liability audit for overcharges to protect your business.
What causes general liability audit overcharges for Florida businesses?
The three most common general liability audit overcharges are: (1) gross receipts errors where carriers include revenue that should be excluded, (2) missing subcontractor COIs that result in subcontractors' payroll being added to your exposure, and (3) incorrect classification of work types. Audit Monkey identifies and disputes all three types of overcharges to save Florida businesses money.
Can I dispute a general liability audit in Florida?
Yes, like workers' compensation audits, general liability audits can be disputed. Audit Monkey reviews your general liability audit worksheet, identifies every overcharge, and files a formal dispute with documentation on your behalf. Most general liability audit disputes are resolved within 60–90 days with Audit Monkey's assistance.
What is the difference between a workers' comp audit and a general liability audit?
Workers' compensation audits are based on payroll by employee class code. General liability audits are typically based on gross receipts, payroll, or subcontractor costs, depending on your specific policy type. Both types of audits can result in significant overcharges, and Audit Monkey handles disputes for both workers' compensation and general liability audits.