LUXA Enterprises specializes in small business accounting in Denver. They are on-hand to help with all of a company's bookkeeping requirements, especially during the time of an annual insurance audit.
The first year of insurance coverage for a small business typically comes with an estimated premium rate. However, after that first year of coverage it is common practice for insurance carriers to order insurance audits on all small business customers.
The renewal and establishment of more precise premium rates for a company's workers' compensation and general liability policies depends on the meticulous tracking of payroll, subcontractor costs, sales figures, and more.