Got a GL audit bill that doesn't look right? It probably isn't. Florida contractors are routinely overcharged on general liability audits due to missing subcontractor COI credits, wrong revenue classifications, and gross-vs-net errors. Audit Monkey finds every dollar you're owed back.
At the end of each policy year, your GL carrier sends an audit request. They want to see your actual revenue, payroll, or square footage for the year — whichever basis your policy uses. An auditor (often a third-party contractor hired by the carrier) reviews your records and calculates any additional premium owed.
The problem: these auditors are not your advocates. They're incentivized to find higher numbers. Without proper documentation and a clear understanding of what's auditable vs. excluded, Florida contractors routinely end up with audit bills that are 20–50% higher than they should be.
Audit Monkey attends the audit with you (or reviews the audit report after the fact), identifies every error, and disputes the findings directly with the carrier.
The GL Audit Process
You receive a letter or email requesting revenue, payroll, or other records for the policy period.
We organize your financials, COIs, and subcontractor documentation before the auditor sees anything.
The carrier's auditor reviews your records. We guide what to provide and what to exclude.
We check every line for errors — class codes, revenue figures, COI credits, and excluded operations.
If the bill is wrong, we file a formal dispute with supporting documentation and negotiate the reduction.
If your subs carry their own GL insurance, their revenue should be excluded from your audit base. Carriers routinely miss this, adding thousands to your bill.
Different types of work carry different GL rates. Carriers often apply the highest rate to all revenue instead of breaking it down by operation type.
Many GL policies should be audited on net revenue (after subcontractor costs), not gross. Carriers frequently use gross figures, inflating your premium.
Work performed outside your policy territory, or operations specifically excluded from your policy, should not be included in the audit base.
Carriers sometimes include revenue from a prior policy period in the current audit, creating a double-billing situation.
GL class codes vary significantly in rate. Misclassifying your primary operations into a higher-rated code can double your premium.
A general liability (GL) audit is an annual review conducted by your insurance carrier to verify that your actual revenue, payroll, or square footage matches what was estimated when your GL policy was written. For Florida contractors, GL premiums are typically based on gross receipts or payroll. If the carrier finds your actual numbers are higher than estimated, you'll owe additional premium — often thousands of dollars. Audit Monkey reviews every GL audit to ensure the carrier is using the correct figures and giving you all credits you're entitled to.
To dispute a GL audit bill in Florida, you need to identify the specific errors — such as incorrect revenue classification, missing subcontractor COI credits, or wrong payroll figures — and submit a formal dispute to the carrier with supporting documentation. Audit Monkey handles this entire process: we review your audit bill, identify every disputable item, and communicate directly with the carrier on your behalf.
The most common reasons Florida contractors receive unexpectedly high GL audit bills are: (1) subcontractor COIs were not collected or not credited, causing sub payroll to be added to your auditable base; (2) revenue was classified at a higher rate than the actual work performed; (3) excluded operations were not properly documented; or (4) the carrier used gross revenue instead of net after subcontractor costs. Audit Monkey identifies and disputes all of these errors.
Yes. GL audit results directly influence your renewal premium. If an audit shows significantly higher revenue or payroll than estimated, your carrier may increase your renewal rates. This is why it's critical to dispute inaccurate audit findings — not just to avoid the immediate overcharge, but to protect your long-term insurance costs. Audit Monkey helps Florida contractors dispute current audits and set up proper documentation systems to keep future audits accurate.
Free consultation. We review your GL audit findings and tell you exactly what can be disputed — before you pay a dollar.
Free Audit Prep Checklist
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