General Liability Insurance Audit

Obtenga una excelente cobertura en minutos
Solo debe hacer unos cuantos clics.

What Is a General Liability Insurance Audit?

What is a general liability insurance auditA general liability insurance audit examines your business’ payroll and risk exposure. An audit makes sure you’re paying the correct amount for general liability insurance, and that you’re getting the right amount of coverage for your business.

What Is the Purpose of a General Liability Insurance Audit?

An audit ensures your business has the right amount of general liability insurance coverage. Your business can change a lot from year to year. For example, if your sales increase, you may have to hire new employees to help with increased demand. Or, you may have downsized around the holiday season, so you had fewer employees at the end of the year. In either case, you may need to adjust your coverage amount based on the changes to your business.

What Happens in a General Liability Insurance Audit?

General liability insurance auditThe word “audit” may sound stressful, but don’t panic. At the beginning of the year, you pay a certain amount for general liability coverage. If you’re asked to go through an audit at the end of the year, an auditor from The Hartford reviews your business’ payroll and other documents to determine if the premium you paid was accurate.
A general liability audit looks at:
  • Your business’ gross sales
  • Job duties of employees and independent contractors
  • Changes from the prior year
Depending on the audit results, you could:
  • Get a refund if the premium you paid at the start of the year was higher than what you need now.
  • Have additional premium because you needed more coverage, so you’ll have to pay the difference.

Preparing for a General Liability Premium Audit

Having the necessary documents and information can make for a smooth audit. Some documents you may need include:
  • Payroll or sales reports
  • Certificates of insurance
  • Tax documents
  • Subcontractor or independent contractor documents

Do I Have To Do an Insurance Audit?

Insurance companies may perform an insurance audit at the end of the year for:
If you’re notified of an insurance audit, it’s important to send your insurance company any documents or information they ask for. Completing a general liability insurance audit, or any type of insurance audit, ensures you’re paying for and getting the right amount for coverage.
Be aware that if you don’t complete an insurance audit, your insurer can:
  • Charge a premium increase. In some cases, this can be a significant amount.
  • Cancel your policy, leaving you without coverage.
  • Report you to a collection agency if there’s a balance due on your premium and you don’t pay it.

Learn More About General Liability Audits & Coverage

Choosing the right policy and coverages is important and can help you run a successful business. We’re backed by more than 200 years of experience and know every small business owner has unique needs. Our specialists are here to help you every step of the way. So if you need help completing a general liability insurance audit or have any other questions, we’ve got your back.
Obtenga una general liability insurance quote today and learn how we can help your small business.
The Hartford no será responsable de ningún daño relacionado con el uso de la información proporcionada en esta página. Consulte con su agente/corredor de seguros o compañía de seguros para determinar las necesidades específicas de cobertura, ya que el contenido publicado aquí se ofrece con fines informativos solamente.
La información contenida en esta página no debe interpretarse como asesoramiento legal, de Recursos Humanos, financiero o de seguros específico, y no es una garantía de cobertura. En el caso de una pérdida o reclamación, las determinaciones de cobertura estarán sujetas al lenguaje de la póliza, y cualquier pago de reclamación posible se determinará luego de que se investigue la reclamación.
Ciertas coberturas varían según el estado y es posible que no estén disponibles para todas las empresas. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. listed in the Aviso legal.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, CT. For additional details, please read The Hartford’s Legal Notice.
* Los comentarios de los clientes son recolectados y tabulados por The Hartford y no representan a todos los clientes.