It's possible. An audit can either lead to an increase or decrease in your premium—it's entirely based on the accuracy of the information you provide to us, and on changes in your business. If you provide accurate information about the number, job types and salary of your employees, it's likely that your premium won't change at all.

It's important to let us know about changes in your business when they occur. For example, many companies today are unfortunately having to layoff employees. If this happens to you, it will also reduce your workers' compensation costs.

Last updated on June 1, 2010 by Chris Moxley