What is A General Liability Audit?

A general liability audit is when an insurance provider compares what happened during a policy term against the estimate from when a business took out the policy. The insurance company has the right to audit the policyholder whenever they see a discrepancy between the predictions and the actual happenings. It’s best to have financial data and records relating to that data on hand when you’re getting ready for an audit. This data includes sales numbers, payroll figures, and proof of insurance for subcontractors.