Just for Employers

Final Audit

Preparing for a final audit

A final audit is a review of your payroll and business operations at the end of your policy to ensure we’ve charged you the right amount for your workers’ compensation insurance. It is a normal part of the workers’ compensation process that helps ensure you're only paying for the coverage you need. If an adjustment is needed, you may get some money back, owe more because your payroll grew or have no change at all.

Watch the video to learn more.

What is a Final Audit?
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What is a Final Audit?
1:42 min

What you'll need for your audit

You will need to supply payroll information for your entire policy period. To help you prepare for our audit, see which documents we recommend you have on hand.

For employees, you’ll need your payroll records and one of the following:

  • Employer’s quarterly reports (i.e., Texas Workforce Commission Form C-3 or IRS Federal Form 941)
  • Tax returns for unemployment or agricultural employees (i.e., IRS Federal Forms 940 or 943)
  • Wage and tax statements (i.e., IRS Federal Form W-2)

If you paid any nonemployees (1099 or non W-2 businesses or workers), you’ll also need either:

  • IRS 1099 reports
  • Payroll summary reports (e.g., ADP, QuickBooks)

Types of audits

We conduct final audits by phone, online or in-person. In some cases, we can do the audit based on information you’ve already provided so you won't have any additional steps.

Need assistance?

Our premium audit team is full of warm, helpful specialists who walk you through the process and make it simple and easy. Explore our final audit FAQs, call (800) 859-5995 or email us at finalaudit@texasmutual.com.

Help your employee get back on the job

Implement a return-to-work program to help workers get back on the job.

Prevent accidents in your workplace

To control workers' comp costs, reduce safety risks.