If you are involved in California Worker's Compensation and outsourcing any of your premium audit needs, you need to talk to Morrison Insurance Service Co. The fines levied by the WCIRB for failure to meet minimum standards are significant. 

MISCO has successfully aided a number of carriers with reversing unacceptable test audit results to where their results exceeded the maximum affording them the opportunity  to drop out of the program.

Our auditors are paid a straight hourly rate for time spent on each assignment with no minimum production requirements or bonus or incentive plans based on production. To encourage service each auditor has three separate pay rates based on the timeliness of service. They are also paid bonuses for each test audit which is found to be correct. This, we believe, insures proper attention to each audit without encouraging over production.

With current consumer attitudes and awareness about insurance it is vitally important today that the premium auditor represent the carrier in the most favorable light. He/She and the completed audit must be thoroughly professional. The auditor must truly care about the insured's concerns and be able to discuss them, respond to the audit related matters and refer other questions to the producer.

How do we accomplish these objectives? Every audit we do must be fully verified with appropriate analysis and tests of clerical, wage rates, claims, subcontractors overtime etc. We utilize the services only of professional auditors many of whom are former carrier audit managers, test auditors, and field auditors. We also operate an ongoing continuing education program to keep them abreast of all changes and trends. Our auditors average better than 16 years experience and over 7 years with MISCO.