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Senior Reader
Posts: 3
Registered: ‎06-16-2010
0

Not a big deal

[ Edited ]

Been thru one yearly for six years. When you took out the policy, you ESTIMATED how much salary you would be paying that year. The rate is based on a charge of so much per hundred dollars of payroll. After the end of the year, they stop by to see how much your payroll really was, and adjust the premium for the past year. Sometimes you pay more, sometimes you get a refund on a portion of your premium. They are wanting to make sure you didn't claim a twenty thousand payroll when it was sixty thousand.

 

The auditor may not work for the carrier, just call your agent.