Automate premium audit for a payroll-based general liability policy end-to-end

domain: insurance-general · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Trigger the premium audit workflow at policy expiration, creating an audit record linked to the expiring policy and its estimated payroll by classification code
  2. Send an audit request to the insured via an audit portal or API, requesting payroll records, certificates for subcontractors, and class code documentation
  3. Ingest payroll data (W-2 totals, 941 filings, or payroll service exports) and validate the data against the policy's class code assignments
  4. Apply NCCI or applicable state rating bureau exclusions: overtime excess, overtime payroll exclusion, corporate officer limitations, and casual labor rules
  5. Calculate the audit premium adjustment: multiply the audited payroll by the applicable rate per $100 of payroll for each class code and compare to the deposit premium
  6. Generate the audit invoice or return premium notice, post the adjustment to the policy, and trigger collection or refund through the billing system

Known gotchas

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