In recent news I've read that a local North Carolina pizza parlor owner was disputing a workers compensation audit and felt they were due a refund from their insurance company, AIG. This article went on to mention that the North Carolina Insurance Commissioner was waiting for the pizza parlor owners to file an official complaint so they could get involved. Evidently the refund amount is $2,261, an amount I'm sure the pizza parlor could use. But is this really an audit dispute?
Could the insurance company be right, what's their reason? Could the pizza parlor owners be right? Who knows! Or is this just something to catch the eye of the news? You know...AIG, workers comp, insurance commissioner...haven't we been here before?
When dealing with money matters and workers compensation insurance there are so many individual issues that could play into the problem. This is where details really do make a difference! Here's a few things to think about:
1. This "refund" could be due to an overpayment and just the normal return premium due after the audit was complete...
2. What if the insured cancelled his policy and just thinks this amount was overpaid...
3. What if the company really does owe the insured this amount back from a audit but is holding it because the insured did not make a final payment, or something like that...
See what I mean. In matters like this you really have to know the details before jumping to conclusions! And if you find you need help with a workers compensation premium problem, always seek help from a professional workers compensation consulting firm!
For North Carolina workers compensation rules and laws go to: North Carolina Workers Compensation
Thanks!
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