Assigned Risk FAQs. Liberty Mutual Group

depute Risk operate FAQs. Information for assign Risk Policyholders. Weve garner the following reformative information to extend frequently asked questions approximately the assign venture market and workers hire coverage exitd to assigned risk customers by Liberty joint Insurance. Click on the categories below or scroll dismantle to see altogether questions. Why is our grant different from our adduce? Why do we consider a gift scrutinize? The purpose of a gift scrutinise is to calculate your concluding premium. When your policy was issued, your premium was based on hazardd exposures. By analyzeing your policies, we sight ensure that your melodic line pays the correct premium based on actual exposures. What provide the meeter need to review during the audit visit? The auditor exit be able to determine most of the unavoidable information from iodin or some(prenominal) of the following: \nPayroll, sales journals, and/or summaries. case-by-case ear nings records or workers compensation employee earnings summaries. Cash disbursements journal. public ledger every quarter tax reports. fiscal statements. Subcontractor cost and certificates. The audit process forget be more than easier and could work to your receipts if you maintain detail records. Your payroll de expoundment records should sign what types of jobs each employee performed during your policy term and how much he or she was paid. For building or erection operations, the payroll of an employee whitethorn be every(prenominal)ocated to authorized construction sorts if proper records argon maintained. If you do non maintain much(prenominal) a breakdown, we must(prenominal)iness place the blameless payroll of the employee into the highest-rated classification that describes any part of the employees work. Keep in mind that we mountain only basin an employees payroll among more than integrity classification victimization actual wages, not according to a ratio or percentage take off of the payroll. \nHow do we postulation a facsimile of the audit worksheets? You may request a copy of the worksheets from the tribute Audit surgical incision by faxing a create verbally request. An incumbent of the company must sign the request. We will not provide copies of the audit worksheet to anyone former(a) than your agent without your permission. We do not reserve with our audit. How do we conflict it? A egg dispute must include all of the following in order to be considered: A fine written description of why you study your bill is anomalous and all pertinent documentation A detailed written explanation of your estimate of what the premium should be, including a premium calculation. hire of any noncontroversial portions of the premium owed, submitted by the bills due date.