Insurance Audit Defense for Florida Contractors
Quick Answer: Insurance Audit Preparation for Florida Businesses
Audit Monkey prepares Florida businesses for workers’ compensation and general liability audits by organizing payroll by class code, verifying subcontractor certificates of insurance, documenting owner exclusions, and reviewing the final audit worksheet. This audit-ready process is designed to prevent unsupported payroll and subcontractor charges before a carrier finalizes the premium; Audit Monkey’s insurance audit defense work has recovered more than $10 million in reported overcharges for Florida businesses.
Audit Monkey provides insurance audit preparation and defense for Florida businesses. When a workers' comp or general liability carrier sends an audit, Audit Monkey reviews every line of the audit worksheet, verifies subcontractor COIs, analyzes class code assignments, and files disputes when Audit Monkey finds overcharges. Audit Monkey has recovered over $10 million in audit overcharges for Florida businesses, demonstrating Audit Monkey's expertise in this field.
What Audit Monkey Does in an Insurance Audit
Workers Comp Audit Worksheet Review — Line by Line
Audit Monkey reviews every line of your audit worksheet for errors before you pay, ensuring accuracy and preventing overcharges.
Subcontractor COI Verification and Credit Documentation
Audit Monkey verifies that each employee is assigned to the correct NCCI class code, preventing misclassification. Audit Monkey confirms that all subcontractor COIs are valid and properly credited, ensuring compliance. Audit Monkey ensures payroll is correctly split between office, supervisory, and field employees, optimizing cost allocation. Audit Monkey prepares and files formal disputes with your carrier when overcharges are found, advocating for your business.
Common Audit Overcharges Audit Monkey Fixes
Missing Subcontractor COIs — Most Common Florida Audit Overcharge
Missing subcontractor COIs, incorrect class codes, unverified WC exemptions, and gross receipts errors on GL audits are the four most common overcharges that Audit Monkey addresses. Audit Monkey has a documented process for finding and disputing each one of these common overcharges. Call (239) 323-0785 for a free audit review from Audit Monkey.