Tag: audit

Aug
07
2018

Preparing for a Workers’ Compensation Audit

by CoreMark | posted in Blog, Newsletter

  Just the mention of a workers’ compensation audit can stir up the butterflies in your stomach and add a serious dose of stress to your existence. But, if you are scheduled for an audit, there is no need to dread it. A small amount of preparation and common sense can save you a lot of aggravation and money. Timing Devoting a few hours of effort now can save you a lot of time in the future. Give your full attention to the auditor and remain with them throughout the entire process. The process may take a couple of hours…
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Mar
08
2018

Prepare Your Business for Increased I-9 Enforcement

by CoreMark | posted in Blog, Newsletter

Homeland Security Investigations, the investigative office of U.S. Immigration and Customs Enforcement (ICE), is stepping up targeted inspections of employers nationwide as part of President Trump’s crackdown on illegal immigrants. The increased action is likely to continue over the course of the Trump administration and employers need to be prepared for possible inspections and know how to deal with them. These raids have two purposes: To audit I-9 forms, which are used to verify employment eligibility in the U.S. Arrest unlawful workers and employers who hired them knowing they were working illegally. Under the Immigration and Nationality Act, employers are…
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Sep
07
2017

Five Tips for Streamlining Your Insurance Policy Audit

by CoreMark | posted in Blog, Newsletter

Are you due for a workers’ compensation premium audit? Audits are how insurance rates are determined, and it’s possible that an audit will uncover information that can actually save you money. Additionally, audits are important to make sure that your employee counts and job descriptions haven’t changed, so that the premium can accurately reflect your current operations. The audit can be stressful, but the key is preparation. These five tips can help you get ready: Tell your broker when there are changes in your staffing, payroll or areas of operation – This is important not just at audit time, but…
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Apr
15
2016

Seven Tips for Navigating a Workers’ Comp Audit

by Cerrina Jensen | posted in Blog, Uncategorized

No business ever wants to be audited, but in the world of workers’ compensation insurance it’s a regular occurrence that does not need to be a stressful event. A workers’ comp audit by your insurer is common for most mid-sized or larger employers, and the audit threshold in California is $16,000 or more in annual premium. While many employers are used to audits and have their procedures and policies in place to ensure a smooth experience, some of you may be growing concerns that now are large enough to be subject to audits. The key to a workers’ comp audit…
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Oct
06
2015

Federal Agencies Stepping up Audits. Here’s What They Are Looking at

by Cerrina Jensen | posted in Blog

As the Affordable Care Act takes hold further, government agencies are stepping up their audits of health plans across the country. With many employers still unclear over exactly what they need to do to fully comply with all of the sections of the ACA – from providing affordable insurance to reporting on their plans – the risk is great that you may be found not in compliance at least in some area. There are a number of government entities that are responsible for auditing employer health plans, and they all have different areas of responsibility: Department of Labor (DOL) •…
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