Describe Sample Audit?

Question

Describe Sample Audit?

Answer 1

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Answer 2

Audits can vary depending on the situation.  Is this for your business or a personal policy?  If business, you can expect to have to provide financials (tax returns, payroll records, etc.), copies of contracts, and physical site inpesctions.  However, for most small policies (<$10,000 premium), you can usually just expect a phone call from an auditor.  In most states, insurance companies have the right to audit up to three years after a policy expires on any policy.