PREMIUM AUDIT SERVICES
CPAudits offers complete premium audit solutions to all carriers who underwrite auditable exposures.
Our mission is to increase audit revenue and reduce noncompliance costs for our clients.
Our team of expert premium auditors performs high-quality, on-time insurance premium audits to all carriers who underwrite auditable exposures. We specialize in virtual audits to save our clients time and money while providing the best audits.
Hybrid Audit
Hybrid audit, also referred to as virtual audit in the industry, is the most popular choice for carriers. Hybrid audits provide physical level quality audits, performed virtually. Hybrid audit solutions provide maximum interaction between our auditor and policyholder via email, phone and video calls. Our auditors engage with the policyholder discussing and reviewing information, supporting documentation and various discrepancies, both routine and complex. Hybrid audit solutions allow our auditors the option of high-level records research and evaluation during the audit process. Carriers usually enjoy maximum compliant rate and the lowest non-productive rate due to the nature of interaction between auditor and policyholder.
Phone Audit
Phone audit is an option for carriers, who prefer minimal interaction over the phone between auditor and policyholder. Such phone interaction is limited to seeking audit question clarification and assisting the policyholders, who are sending information and supporting documents. Our auditors do not engage in discussing complex discrepancies with the policyholder identified during the audit.
Internet/Online Audit
Internet audit, also referred to as online audit, is an effective solution for carriers, who prefer no interaction between a premium auditor and a policyholder. Policyholder completes necessary forms online and uploads appropriate supporting documents via a secure online portal. Our auditor performs audit based on information and documents provided online and submits compliant or non-compliant (non-productive) audit packages to carrier. For this service line, our auditors only work with information and documents furnished by policyholder via online portal.
We Specialize In
GENERAL LIABILITY
INLAND MARINE
WORKERS COMPENSATION (VOLUNTARY & ASSIGNED RISK)
COMMERCIAL AUTO LIBILITY
EXCESS & SURPLUS
LIQUOR LIBILITY