Everything you need to know about audit noncompliance charges.
Audit noncompliance charges, or ANCs, are an industry standard penalty fee charged when a business owner doesn’t complete their required workers’ comp premium audit.
Workers’ comp premium audits are a required end-of-policy review that evaluates initial job classifications and payroll to make sure they match actual business operations during the policy term. Completing your premium audit ensures accurate coverage for your business and fair prices for everyone.
An audit is noncompliant when a policyholder does not complete their workers’ comp premium audit within the given timeframe.
The only way to have the ANC removed is to fully comply with the audit requirements.
Contact information for your audit representative is included on all your audit documentation.
Contact information for your audit representative is included on all your audit documentation.
The only way to remove the ANC is to complete your workers’ comp premium audit. If a policyholder fully complies during the 30-day payment notice period, they won't be billed. If they fully comply after the ANC has been billed, Pie will remove the ANC and bill for any audit premium.
No. Complying with the audit is the only way to remove the ANC.
No. There are no payment plans for the ANC. It will be billed in full against the payment method Pie has on file unless you comply with the audit requirements.
Potentially. If you do not complete your audit, your current policy with Pie Insurance may be at risk of cancellation.
The amount of the ANC is controlled by the regulatory and rating agencies in your state. Most states allow a charge of up to 2x the Estimated Annual Premium (EAP). The actual charge is determined by Pie Insurance and will comply with the specific regulations in the appropriate state.
