Premium Audits

Our Audit Process

Every policy serviced by Assigned Risk Solutions requires an audit at the end of each term. Some also require an audit shortly after your policy begins, called a preliminary audit. The type of audit depends on several factors: total policy premium, class codes, experience modification factor, and how many years since your policy last had a physical audit with us.

We understand that the word ‘audit’ can sound daunting, but rest assured, our team will be there to guide you. And, in some cases, audits actually save our customers money, which is another reason it’s such an important part of the workers’ comp policy process.

How are Premium Audits Completed?

All workers’ compensation policies require a premium audit – there are various ways they can be completed.

  • Online audit – Simply log into our secure portal using your provided ID and password to input audit information. Note that not all policies qualify for online audits.
  • Mail audit – An audit form is completed and returned with the required supporting documentation via mail, email or fax.
  • Phone audit – The completed audit form and supporting documentation are reviewed with a member of our audit team over the phone.
  • Physical audit – A meeting is scheduled with one of our auditors to review audit records, operations and documentation at your business location.

Here are some common records and documents needed to complete the audit:

  • Payroll records
  • State and Federal tax reports
  • Job duties for employees, principals and subcontracted labor
  • Total cost paid to subcontracted/1099/cash labor
  • Certificates of workers’ compensation insurance for subcontractors
  • Cash disbursement journal and/or check registers
  • Income statements and general ledger entries

Note, this list is not conclusive; we will alert you of the specific records needed for your audit.

Examples of requested forms:

Audit Noncompliance

If a policyholder does not comply with the request for a premium audit, the resulting noncompliance may lead to cancellation of their workers’ compensation coverage and make them ineligible for future coverage.

Frequently Asked Questions

Click here for Premium Audit FAQs


Exclusion rules vary by state. Please contact your agent with any questions.

Contact Information

Assigned Risk Solutions
PO Box 40767
Lansing, MI 48901-7967

Phone: 866-221-9640


Required Documents


Click to View the Required Documents