The Workers’ Compensation Report provides detailed payroll data used to calculate workers’ compensation premiums. It includes employee hours, gross pay, and classification details for a selected date range. This report ensures compliance with workers’ compensation requirements and supports accurate reporting to insurance carriers.
When to Use It
- Quarterly or Annual Premium Calculation: To provide payroll data for workers’ compensation audits and insurance reporting.
- Audit Preparation: To verify employee classifications and payroll amounts for compliance.
- Financial Reconciliation: To reconcile workers’ compensation charges with payroll records.
Who Uses the Workers’ Compensation Report, How Often, and Why
