Call us at 952-445-5767

Text us at 612-814-8960
 

Are You Prepared For A Workers’ Compensation Audit?

Workers’ Compensation Insurance

Every business must have workers’ compensation insurance. This kind of coverage is designed to protect the workers from on-the-job injuries.  Workers’ compensation also protects the employer from liability in the event of a workplace illness or injury.

 

Workers’ compensation insurance premiums are based on estimated payroll. The insurer has the right to audit the business payroll to make sure the reported payroll is accurate.

 

The kind of information the auditor may need includes:

  • Payroll records for the audit period
  • Federal tax reports
  • State unemployment tax reports
  • Any overtime records
  • Payments to sub-contractors

Conversely, do you know that you can also audit your workers’ compensation insurer?  The purpose of the audit is to identify any overcharges in medical bills, time loss payments, and rating calculations.  Experience indicates that over 50% of all companies have been, or are currently, overcharged for their workers’ compensation premiums.

 

Innovative Insurance Services LLC understands the value of good employees. We know that your day-to-day operations depend on their hard work, expertise, and dedication, and if you supply them with quality benefits and plans, they can work with the peace of mind assurance that they are properly protected.

 

But should an accident happen, having the right Workers' Compensation plan from Innovative Insurance Services LLC can allow your business to ensure payments and cover expenses if an employee is injured from a work-related accident. Injuries can range from car accidents and back injuries to equipment malfunctions and, in some unfortunate cases, death.

*Main Office - Shakopee

8001 Old Carriage Ct N, Ste B

Shakopee, MN 55379

Main office: 952-445-5767
Fax: 952-445-2182

Office Hours:

Mon: 8:00 AM - 5:00 PM
Tues: 8:00 AM - 5:00 PM
Wed: 8:00 AM - 5:00 PM
Thurs: 8:00 AM - 5:00 PM
Fri: 8:00 AM - 5:00 PM
Sat: 9:00 AM - 12:00 PM
Sun: After Hours by Appt.

Litchfield Office

201 S Sibley Ave

Litchfield, MN 55355

Main office: 952-445-5767
Fax: 952-445-2182

Office Hours:

Mon: 8:30 AM - 5:00 PM
Tues: 8:30 AM - 5:00 PM
Wed: 8:30 AM - 5:00 PM
Thurs: 8:30 AM - 5:00 PM
Fri: 8:30 AM - 5:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

Accommodating, professional, helpful, and quick. Very comfortable experience and I was impressed by their capabilities. Highly recommended.
Brad M.
I feel lucky to have found an agent willing to provide this level of service. No need to look anywhere else!
Michelle D.
Over the years we’ve never once had to worry about our coverage. My husband and I are long-time customers and proud to be.
Carol S.
Surprisingly flexible and in-touch with my needs as a small business owner. Can’t ask for more.
Spencer F.
They have strong ties with the community, and it shows. It’s nice to do business with people that really show they care about you and your family.
Susan T.