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Workers´ Compensation Audit Page 3
Certificate Of Insurance
Payments to any subcontractor that does not have a certificate of workers' compensation insurance, may be charged against you as payroll. Be sure the certificate is current for the audit period.
Corporate Officers
In Oklahoma, any active owner of 10% or more has an option to either include or exclude themselves for coverage. If any owners wish to exclude themselves, a signed exclusion form is required and should be kept on record just like a certificate of insurance. The auditor should waive the payroll exposure with this signed form.
Worksheet
Always request the audit worksheet from the auditor.
Audit Corrections
If you feel that you were overcharged on past premium audits, you have the right to request a corrected audit and recover any overpayments made during the preceding three audit periods.
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