---
title: How important are initial policy estimated premiums?
description: Learn if initial policy estimated premiums are important.
---

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# How important are initial policy estimated premiums?

Very important. It is important to keep the estimates as true as possible as the Net Rate is based upon these estimates. If estimates are not accurate, the [Net Rate](https://help.beaconmutual.com/what-is-a-net-rate?hsLang=en) used may be either too high or too low, which will result in significant audit premium adjustments.

Beacon Mutual will not automatically adjust original policy estimates that were supplied to Beacon at the beginning of the policy term based upon payroll collected through the Beacon Pay As You Go program.

If payroll reports collected varies significantly from original policy estimates, Beacon will contact your agent to contact you to make policy endorsements/adjustments. This is important so as not to incur a large premium audit adjustment at completion of the Pay As You Go policy term. 

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