Retailers Insurance Company conducts yearly audits of our policyholders around the time of the policy’s renewal. Policyholders will be notified in advance before an audit.
The following items must be available during an audit:
|Name, job duties, gross wages and gross overtime paid to each employee. [Download Payroll Worksheet]|
|Number of weeks worked for each employee (start and end dates)|
|Subcontractor cost records and certificates of insurance showing workers’ compensation coverage for your subcontractors|
|Federal and state quarterly tax reports (Federal Forms 940 & 941)|
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