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Final Audits for Pool Contractors: Be Prepared

Final Audits for Pool Contractors: Be Prepared
July 23, 2018 Aqualine Insurance

“I’d like to discuss that occurs on your general liability and work comp policy every year, whether you like it or not, and that’s the act of a Final Audit.

Being properly prepared for these audits can save a lot of time, anguish and most importantly money.

Do not just sluff this act off on your accountant or bookkeeper. Be prepared.

Here at Aqualine we put our clients through a dress rehearsal. We identify the premium basis, whether it be gross receipts, field payroll or some contract cost. We prepare a concise and direct form that addresses the basis of premium.

We also advise our clients to be short and direct when answering questions with auditors. Do not elaborate. This is not ‘storytelling’ time.

I can’t tell you the number of time an auditor has misconstrued figures or confused a job description that in turn cost you money. Being prepared makes the auditor’s job quick and easy.

In short, take the time to be prepared. Work with your agent on a game plan. And as always, if we can help, Use Us!”

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