Common Premium Audit Questions
Do I Still Need an Audit If I Had No Payroll?
Yes. Audits are still required to verify operations.
Does Pay-As-You-Go Replace an Audit?
No. Audits are mandatory even if you use Pay-As-You-Go.
Why Am I Audited Every Year?
Payroll changes annually, so audits ensure accurate premiums.
Can I Change Audit Timing?
No. Audits correspond to your policy period.
What Happens If I Don’t Comply?
Noncompliance may result in charges up to two times your estimated annual premium, policy cancellation, or premium increases.
For more information visit www.beaconmutual.com/premium-audits