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AUTO INSURANCE
AUTO | HOME | LIFE | BUSINESS
CALL 302-858-4962
FOR A FREE QUOTE
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HOME INSURANCE
AUTO | HOME | LIFE | BUSINESS
CALL 302-858-4962
FOR A FREE QUOTE
Image is not available
AUTO INSURANCE
AUTO | HOME | LIFE | BUSINESS
CALL 302-858-4962
FOR A FREE QUOTE
Image is not available
AUTO INSURANCE
AUTO | HOME | LIFE | BUSINESS
CALL 302-858-4962
FOR A FREE QUOTE
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Initial premium is based on estimated payroll.  At the end of the year the company needs to determine actual payroll, including casual labor, and uninsured subcontractors.  If the actual is less than the estimate you get may a refund.  If the actual is greater than the estimate, you owe the difference. 
 
 
 
Business Man Pic
 
 
 An insurance policy is a contract: when you purchase Workers Compensation insurance they require you to comply with the audit.  It maybe a phone audit, a self-audit, or a physical on-site audit, (physical is required in Massachusetts at least every three years).
 
Should you refuse, it's rough: the carrier issues a high "estimate" with premium due.   If you do not pay the estimated additional, your policy gets be cancelled; and the Department of Industrial Accidents may issue a Stop Work Order.  You are also have an uninsured loss and then have to pay for medical expenses and lost wages out of pocket; plus be subject to a fine.  
 
To prepare for the audit try to have:
 
  • Payroll records
  • Federal 941 Tax Returns (most recent four quarters)
  • 1099 Tax Forms 
  • Federal Tax Return including Profit & Loss section (1040 Schedule C, etc.)
  • General ledger or checkbook
  • Certificates of Insurance from subcontractors
You will receive a Final Audit Report from the carrier.  If money is owed and you disagree you can file a dispute.  The payment due date will be suspended until the dispute is settled.  
 
If  you have questions... call me today and schedule an appointment for a policy review!!
 
David R Drandorff
Agency Principal
Sentinel Insurance
302 858 4962

Testimonial

Client "Lawson's Tree and Landscape Service"


As local business owners, we like working with an experienced local agent. David Drandorff at Sentinel Insurance
was there to explain all the coverages we needed and put together an insurance package that fits our budget!
David is always quick to respond with any services we need. Certificates are done the same day requested!
Thanks Sentinel! You guys are great!!

 

Client "Joseph LeBlanc"

Buying a house was stressful to say the least but Dave with Sentinel was fast and helpful with getting us affordable home owners insurance.

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Address

20254 Dupont Blvd
Georgetown, DE 19947
United States

Phone

+1 (302) 858-4962

Email

david@sentinelde.com