Complementary Solutions
Premium Audit
Robust Premium-Audit Surveys
Verify premiums with an easy-to-use interface that leverages industry-standard exposures for admitted coverages.
Intuitive Workflow
Premium Audit breaks the audit process down into an intuitive and step-by-step workflow with easy-to follow sections that auto-save upon completion, enabling users to verify premiums with an easy-to-use interface that leverages industry-standard exposures for admitted coverages.
Seamlessly Integrate
Connect Premium Audit with the tools you already use to empower your organization. Synchronize all survey data with the Loss Control ecosystem and leverage a variety of interconnected and supporting tools or easily integrate with the business solution of your choice.
Verified Premiums
Premium Audit is purpose-built for carriers to verify premiums with a step-by-step module, leveraging industry standard exposures for admitted coverages. They can then view a detailed breakdown of audit information including calculated exposures, employee information, payroll verification, claims and more.
A Robust Ecosystem of Loss Control Solutions
Intuitive
Easy to use, step-by-step workflow with defined sections that auto-save upon completion.
Robust Rules Engine
Identifies policies requiring audit with the most configurable solution, recommending either a virtual or physical audit based on risk characteristics.
Configurable
Configurable feature-set allows you to fit your business model.
Report Summaries
Report summaries provide up-to-date and verified coverage information that can be shared with underwriters and policyholders.
Ready to Use Templates
Upload templates to eliminate the need for manual entry of large data sets.
Regulatory and Industry Standard Exposures
Leverage industry standard NCCI exposures for admitted coverages.
Featured Resources
Press
New Premium Audit Product Suite Launches within Utilant Loss Control 360
BUFFALO, NY, August 15, 2019 Utilant, the developer of the insurance industry’s premier loss control survey management platform, recently unveiled their new Premium Audit Product Suite for Workers Compensation and General Liability insurance as part of the Loss Control 360 software platform. Utilant’s Loss Control 360 Premium Audit functionality enables auditors to instantly capture relevant…
Blog
The Value of Battle-Hardened Loss Control Systems
Build vs Buy: Why it Makes Sense to Buy a Survey Management System The Majesco Loss Control 360 team understands that there are many factors that go into a customer’s build vs. buy decision. The first thing you should recognize is there is no such thing as an effective off-the-shelf loss control system. The reason why…
FAQ
Premium Audit software enables insurance companies to verify their workers compensation premiums by calculating the amount of exposed payroll an employer has had over the previous year. This is done by comparing an employers estimated payroll vs actual payroll at the end of the policy year.
Founded in 1923, the mission of the National Council on Compensation Insurance (NCCI) is to foster a healthy workers compensation system. In support of this mission, NCCI gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations
