ISG Insurance Audit Services
The ISG Difference is the caliber of our team. Our Audit Team enjoys superior office support to build strong customer relationships and deliver top-quality premium audits.
We help you build success!
ISG: Excellence in Premium Audits
ISG promises to execute your premium audit with the same dedication as an in-house audit team. Our success is driven by our team – not only their deep experience in premium audits but also their passion for customer service and dedication to the highest level of service available in the industry.
Experience the ISG Difference
ISG was born out of the idea that integrity, transparency, and partnership should be at the cornerstone of every audit. The ISG difference is the caliber of our team. Each of our auditors delivers on the promise to execute audits with integrity and transparency while delivering a flawless auditing experience each and every time. This dedication to ‘doing it right’ earned ISG the only insurance auditing company spot on Inc. 5000’s List of Fastest Growing Privately Held Companies in America in 2017, 2018 and 2019.
Our insurance audit services help ensure that insurance premiums are aligned with the businesses and activities they are designed to cover. Your policy was written based on estimates at policy inception. As businesses change, policies need to change with them. Audits are performed after your policy has expired to determine the actual exposure. With information obtained from the audit to accurately reflect the state of your business over the policy term, your carrier can properly adjust the premium for your policy. Depending on your state and policy type, audits can be required by state insurance regulations and are common industry practice.
Depending on the policy type, the auditor will need access to documents that relate to the policy being audited. This may include state and federal unemployment tax returns, payroll journals, individual earning records, general ledger, cash disbursements journal, check register, certificates of insurance, and financial statements such as profit and loss statements, income statements, balance sheets, trial balances and tax returns. Keeping complete and accurate records helps your business run more smoothly and will make your audit a simpler process.
The requirements regarding premium audits have changed drastically in the past few years. Financials are necessary to the audit process as they contain information vital to accurately assessing the business being audited. A financial report such as a profit and loss statement or an income statement helps to summarize the various types of accounts in the general ledger. These documents help your ISG auditor to more efficiently identify the accounts that may contain subcontract, contract or casual labor without having to review the general ledger in its entirety. It also assists the auditor in verifying the total payroll when leased payroll is utilized. ISG is committed to keeping information confidential to only those parties directly involved in the premium audit.