• How does an audit work?

    At the end of the policy term, the insurance company will review the policy and either charge or credit the policyholder based upon an audit of estimated figures. Examples of estimated auditable items include sales and payroll. Audits can be performed onsite by an auditor or via mail or telephone.

    Does my company’s accident record affect my premium?

    Yes. Your ability to control workplace accidents can affect your insurance premium. When you apply for Workers Compensation insurance, we can perform a Workers Compensation Claims Review. We review insurance company reserving practices, because every dollar of overstated reserves will ultimately find its way into you experience modifier. If your safety record is better than the average for your industry, your premium could be decreased. Worse than average loss history could result in increased premium for many years to come.

    How do I determine if someone is an employee or an independent contractor?

    Most state Labor Departments have written criteria to determine if someone is an employee or a contractor, and they should be specifically checked; however, here are some of the more significant indications that an individual is an employee and not an independent contractor, and watch out for exchange labor and volunteers.

    The NH Department of Labor  http://www.labor.state.nh.us/ They have their own federal employer identification number.
    They have control over the performance of their work.
    They have control over the time their work is performed.
    They are not required to work exclusively for one employer.