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Employer Can't Avoid Additional Premium Calculated by Carrier After Audit

Friday, June 2, 2023 | 0

The Georgia Court of Appeals overturned a trial judge’s finding that an employer did not owe the additional premiums calculated by his insurance carrier after auditing his tax returns and list of subcontractors. Case: LM Insurance Corp. v. London, No. A23A0065, 05/31/2023, published. Facts: Eric London is the sole proprietor of Dukes Professional Painting. In 2018, he obtained an assigned risk policy from LM Insurance Corp. with an estimated annual premium of $1,500. The policy provided that the final premium amount would be determined by an audit at the end of the term....

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