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Have the proper person available during a physical audit to provide the records and answer the auditor’s questions.
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Properly summarize overtime paid to individual employees and organize it by type of job.
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Construction companies should keep track of the time and payroll for different types of work.
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Use subcontractors or independent contractors that can provide Workers Compensation and General Liability certificates of insurance.
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Gross sales should be tracked by the various products, services or type of job.
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Identify individuals who perform strictly clerical office duties, strictly outside sales or are strictly drivers.
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Keep a record of tips for restaurant employees.
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Report large payroll changes to your agent. Payroll can be changed on your policy during the policy period and any additional premium may be spread over several installments. Reporting changes will keep the policy more in line with the actual payroll figures, therefore avoiding large differences at time of audit.