EBCO provides the benefits of a company auditor with flexibility! We give you an extended staff of dedicated employees, ongoing training, professional accounting backgrounds along with direct accountability to assist in dispute resolution and technical assistance in every area of premium audit.

EBCO’s Premium Audit Service produces top quality premium insurance audits for insurance companies in the Southeast.

• Automated premium audits
• Audits tailored to guidelines
• Printed insured audit copy
• All coverage lines / SIU reviews
• States of GA, AL, AK, LA, NC, SC, MS, FL, and TN
• Software sales and training

The EBCO Premium Audit Process

A premium audit may involve inspection of accounting records including payroll journals, disbursements journals, general ledgers, Social Security reports, state unemployment forms or other tax reports. It is advantageous to have a designated individual available to assist the auditor. Ideally, this would be someone who is familiar with the work done by all departments and employees and also familiar with the records needed to complete the audit.

The type of premium audit used is based on the size of your policy and/or the nature of your operations and may be one of the following:

• Physical Audit – Generally conducted on-site or at an appropriate secondary location (e.g., an accountant's office). This audit may be completed by EBCO field auditors.
   
• Phone Audit – A representative of EBCO contacts the insured over the phone to complete the audit. This type of audit is generally for small to mid-sized accounts.
   
• Mail Audit – A voluntary audit form with instructions is mailed to the insured; the completed form is to be returned to EBCO. Mail audits are generally conducted for smaller accounts.

You will find our time charges accurate, honest and a saving when compared with our professional, personal service outlined above.