RSS

Working with Contractor Clients

04 Nov

When working with contractor clients, an area that is extremely important to review are their payroll and gross

An assortment of United States coins, includin...

receipt numbers. With many insurance companies providing composite rates based upon sales, double check what the client is telling the insurer on their supplemental application. One recent example of this was when the insured reports that they will have $3,000,000 in gross sales. Come to find out, the “bookkeeper” put down their gross profit. Their actual gross sales were $23,000,000. Needless to say that was one hefty additional premium.

Written by: 
Marjorie Segale (AFIS, CISC, RPLM, CIC, CRIS, ACSR, CISR) 

Advertisements
 

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: