Recently we have had a few situations with audits on Commercial files like Workers Comp and General Liability. When you gather the information to rate a Commercial policy, one of the most important pieces of information is the gross receipts and employee payroll. We always encourage our clients to be accurate with these numbers and if necessary to avoid guesswork consult with their accountant. The company will on Workers Comp perform mandatory audits and General Liabiity can be done on a random basis. The policy will be correctly rated after this audit and the client will either have a wash on the premium , be sent an additional bill for the increase or a refund if the rating basis was higher than it should have been. Our most recent experience is where one of our contractors was sent an additional bill (to be paid in full) for $5,031. If we figure out the rate correctly initially the entire premium can be financed with equal payments. This can be quite an unpleasant experience for clients. JESUS is Coming Soon!! Are you Ready??? HARVEY & OWINGS INSURANCE AGENCY YOUR KANNAPOLIS AND CONCORD AUTO AND HOME SPECIALIST.