A workers' comp audit is a process conducted by insurance companies to verify the accuracy of premium calculations for workers' compensation insurance. It involves reviewing a business's payroll records, job classifications, and other relevant data to ensure that the correct amount of insurance premium is being paid. The audit helps assess the level of risk associated with the company's workforce and determines the appropriate insurance premium. The aim is to prevent underreporting or overreporting of payroll, ensuring fair premiums based on actual exposure to workplace injuries. Compliance with the audit process is essential to maintain accurate and equitable insurance coverage.