"Procedure, Examples, and Sample Response To Insurance Premium Audit Report Billings "

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Responses And Examples For When You Need To Challenge A Premium Audit In Writing

If you need to dispute an unexpected billing due to a premium audit, it is usually best done in writing. Be sure and opt in on the box above to get learn how to avoid these problems in advance. The following sample letter may help you get your response done faster.

Inspect the following potential issues include:

Classification errors or disagreements
Math errors
Typographical errors
Date Errors
Charging for overtime excess wages
Not applying credits
Using the wrong rates
Charging for Subcontractors at employee rates
Experience Rating errors

Here's the example letter:

___________________
Date

XYZ Insurance Company
Premium Audit Department
Address

Re: Dispute of audit for policy number XXXXX

Dear Sirs,

We are in receipt of an audit billing in excess of what we expected, in comparison to the projected premium for the policy we were issued. We've attempted to identify the disparity, and evidently the problem stems from the following issue:

(select issue from the list above)

We are enclosing the following documents which suggest this issue should be reconsidered.

(Examples: Reports of sales, payroll, subcontractor costs. Job descriptions, photographs, videos, Journals and Ledgers, Tax filings, Individual Pay Records, Time cards, Vehicle titles, Contracts with clients, Contracts with subcontractors, Records of Job Costs, Statements, Balance Sheets.)

Please advise your billing department this particular audit is in dispute and to suspend any collection activity until we get this matter resolved. We look forward to your early response.

Sincreley,

___________________

By the way, I've seen audits go away in exchange for placing renewal policies with the insurance company you may owe money to. If they want your business, they may be willing to forgive an audit billing to get it.

We are here to help, so please call or email me with your questions.

To Your Prosperity!

Don Bury, President, Insurance Cost Reduction Services
800-760-1867 email: donbury@icrs.biz

Insurance Cost Reduction Services
3663 Camino Bella Rosa
Sierra Vista, AZ  85650
Toll-free: 800-760-1867
E-mail: donbury@icrs.biz

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