Can an insurance company that issued a general liability policy send a bill pursuant to an audit and request additional premiums on a policy that expired 6 months earlier?

1 answer

Answer

1084068

2026-03-30 18:15

+ Follow

Yes many Liability Policy are subject to audits which occur on policies after the term dates. The reason for this is that the original policy premium is generally based on estimates of of the exposure basis (i.e. payrolls, receipts, etc.) The insurance company is entitled to audit at the end of the policy term to adjust the premium to reflect the actual exposures.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.