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The Audit Trap.wmv

Contractors are often tempted to lowball their payroll estimates when setting up their contractors general liability insurance and their small contractors workers compensation policy. But this strategy can backfire on the small contractor when the payroll audit time comes around. This video explains how the audit trap works and how it can damage a small contractors cash flow. It doesn't matter if you are talking about painter insurance, plumbing insurance, lawn care insurance, carpenter insurance, landscaping insurance, grading insurance, flooring insurance, landscape insurance, lawn mowing insurance, or heating insurance, you will do better to use accurate payrolls when setting up your insurance policies to avoid this audit trap. Also, you will always want to deal with an independent insurance agent who specializes in handling the insurance needs of small contractors. An agent like the one found at www.TheContractorsHelper.com