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<p> <p> <div class='html-Content' xmlns="https://www.w3.org/1999/xhtml"> <div class='head-Content'> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8"> <title>Premium Audit</title> <meta name="keywords" content="Premium Audit"> <meta name="description" content="Premium Audit"> <link rel="stylesheet" type="text/css" href="/stylesheets/mobile_styles.css"> <style type="text/css"> <!-- @import url("/stylesheets/statefund_styles.css"); --> </style> <style type="text/css" media="handheld, only screen and (max-device-width: 480px)"> <!-- @import url("/stylesheets/mobile_styles.css"); --> </style> <link href="/stylesheets/statefund_styles.css" rel="stylesheet" type="text/css" media="screen and (min-width: 481px)"> </div> <div class='body-Content' id="Broker"> <div class="topheader"><a href="/index.asp"><img src="/images/state_fund_logo.gif" alt="state fund logo" border="0" align="left"></a> <div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"></div> <ul id="accessibility" class="offscreen"> <li><a href="#skipnavigation" accesskey="0">Skip past navigation</a></li> <li><a href="#footer" accesskey="4">Skip to table of contents</a></li> </ul> <div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"></div> <div class="topheaderRight"> <div class="topnav"> <div class="topnavRight2"><a href="/policy/ObtainAPolicy.asp">OBTAIN A POLICY</a> | <a href="/claims/ClaimsSvcs.asp">CLAIMS SERVICES</a> | <a href="/forms/Forms.asp">FORMS</a> | <a href="/contact/ContactUs.asp">CONTACT US</a></div> <div class="topnavLeft"><a href="/Index.asp">STATE FUND HOME</a></div> </div> <div class="topTitle">Brokers</div> <div class="topMission">Information for Brokers</div> </div><div class="clear"></div> <br><br><br><br> <br><br> </div> <div id="mainNav2"> <div id="mainNav3"> <div class="offscreen"><img src="/images/offscreen_search.gif" alt="" width="250" height="20" align="left"><br> <br> </div><div class="search"> <form name="search" action="https://search.scif.com/StateFundCAsearch.cgi" method="get"><input value="Search" name="query"></form> </div><div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"><br> </div><ul> <li class='on'><a href='/broker/Index.asp'>Home</a></li><li><a href='/broker/OnlineServices.asp'>Online Services</a></li><li><a href='/fraud/Fraud.asp'>Fraud</a></li><li><a href=''></a></li> </ul> </div> </div> <div class="mainArea"> <div class="subright"> </div> <div class="subleft"> <div id="subNav"> <ul> <li><a href='/broker/BrokerBusiness.asp'>Do Business with State Fund</a></li><li><a href='/broker/TipsBOR.asp'>Broker of Record</a></li><li><a href='/broker/TipsBOS.asp'>Broker of Service</a></li><li><a href='https://portal.scif.com/'>State Fund Online</a></li><ul><li><a href='/broker/how-to-get-started-assign-users-state-fund-online.asp' title=''>&raquo; How to Get Started and Assign Users</a></li><li><a href='/broker/how-to-use-claims-features-state-fund-online.asp' title=''>&raquo; How to Use Claims Features</a></li><li><a href='/broker/SFOUserAgreement.asp' title=''>&raquo; SFO User Agreement</a></li></ul><li><a href='/broker/support-client-with-claim.asp'>Support Your Client With a Claim</a></li><li><a href='/broker/SubmissionQuoteRequirement.asp'>Required Items for a Submission and Quote</a></li><li><a href='https://portal.scif.com/'>Renew a Policy</a></li><li><a href='/employmentstatus/resourcecenter.asp'>Employment Status Resource Center (AB 5)</a></li><li id='subNavHightlight'><a href='/broker/PremiumAudit.asp'>Premium Audit</a></li><li><a href='https://www.statefundtoday.com'>State Fund Today (Publication for Brokers)</a></li><li><a href='/broker/BrokerServicesandContactInfo.asp'>Broker Services and Contact Information</a></li><li><a href='/broker/CertificatesofInsurance.asp'>Certificates of Insurance</a></li><li><a href=''></a></li> </ul> </div> <div class="sidesubsubnav"> <div class="subheadr"></div> </div> </div> <div class="submiddle"> <div class="subright"></div> <sp> <h1>Premium Audit</h1> <p>This <a href="/pdf/PremiumAuditGuide.pdf">Premium Audit Guide</a> is designed to provide brokers and policyholders with detailed information and tools to prepare for annual audits. Audits are a necessary part of the workers&rsquo; compensation process and this guide will help make them go as smooth and quickly as possible for your clients--all it takes is a little advance planning.</p> <p>Para una versión en español de la guía para una auditoría de prima, <a href="/pdf/PremiumAuditGuideSpanish.pdf">haga clic aquí</a>.</p> <h2>Why are Premium Audits Necessary?</h2> <p>These audits are necessary because policy premiums are based upon estimated payroll amounts for the upcoming policy period. After the policy year is complete, our professional auditors review payroll records and verify the actual payroll and business operations to ensure final premiums reflect changes in operations from initial estimates. The audit could result in a return or overpaid premium for the policyholder, or an invoice for additional premium.</p> <p>This guide provides an audit checklist for advance planning, in-depth information on the types of records needed, and educates both policyholders and brokers on the audit process.</p> </sp> <p> </div> <div style="clear:both"></div> </div> <a name="footer"></a> <div class="footerArea"> <div class="footerbg"> <ul> <li> <div class="footerSpacer"></div> <a href="/broker/Index.asp">Brokers</a> <br> <a href="/employers/Index.asp">Employers</a> <br> <a href="/employees/Index.asp">Employees</a> <br> <a href="/fraud/Fraud.asp">Fraud</a> <br> <br> </li> <li> <div class="footerSpacer"></div> <a href="/provider/Index.asp">Medical Providers</a> <br> <a href="/statecontracts/Index.asp">State Agencies</a> <br> <a href="/policy/ObtainAPolicy.asp">Obtain a Policy</a> <br> <a href="/about/VendorGuide.asp">Vendor Guide</a> <br> <br> </li> <li> <div class="footerSpacer"></div> <a href="/claims/ClaimsSvcs.asp">Claims Services</a> <br> <a href="/safety/SafetyAndSeminars.asp">Safety & Seminars</a> <br> <a href="/forms/Forms.asp">Forms</a> <br> <a href="/about/Community.asp">Community</a> <br> <br> </li> <li> <div class="footerSpacer"></div> <a href="/about/About.asp">About Us</a> <br> <a href="/about/history/index.html">History</a> <br> <a href="/contact/ContactUs.asp">Contact Us</a> <br> <a href="/CustomerSupport/Index.asp">Customer Support</a> <br> <br> </li> </ul> <div style="clear:left"></div> </div> </div> <div class="footerArea" align="center">Copyright &copy; 2000-2023 State Compensation Insurance Fund<br> <a href="/about/TermsOfUse.asp">Website Terms of Use</a>, <a href="/about/PrivacyPolicy.asp">Website Privacy Policy</a> and <a href="/about/SharingDisclosure.asp" target="_blank">Information Sharing Disclosure</a></div> </div> </div> </p> </p>

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