Workman’s Comp Reporting
Monthly workman’s compensation tracking and reporting is vital to any construction business. With the rising rates, companies need to know what the immediate impact is to any project cost. Since this is directly associated with your payroll or subcontract labor, it is essential to keep ahead of the curve. Our software system is fully capable of easing the burden of tracking this cost and helping to eliminate the dreaded “Insurance Audit Invoice” that many companies inadvertently face each year.
Workman’s compensation reporting and insurance audits normally go hand-in-hand. If you do not handle the reporting of payroll correctly throughout the year, or if you have not estimated your payroll at the beginning of the year accurately, the audit can turn into a nightmare.
Workman’s compensation audits are completed yearly and are based on your payroll for the year. Many companies are not aware of the different rate codes they have and which employees fall under what rate. If the audit information is not presented is a concise manner, then an audit bill can be a very bad surprise.
Many companies are not aware that their general liability will request an audit also and that this is normally based on your total sales/income and/or your subcontract labor.
Wilmington, NC 28405
Monday – Friday:
9 a.m. – 5 p.m.
Tuesday and Thursday Evening:
6 p.m. - 8 p.m. (by appointment only)
Monday - Friday:
9 a.m. - 4:45 p.m.
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