Posts tagged Audit Premium
Assigned-Risk Premium Collections

The Commonwealth of Virginia began requiring and regulating workers’ compensation insurance in 1918. Since then, the Commonwealth has bit-by-bit developed a more comprehensive regulatory system in light of rises in work injuries, workers’ medical bills, and law suits against employers as well as changes in industry and technology. That statutory scheme now generally requires employers of two or more workers to carry state-recognized workers’ compensation insurance. . . In our practice area of commercial debt collections, Shenandoah Legal Group, P.C. assists assigned-risk insurers with recovering on unpaid insurance premiums and we have developed experience in negotiating with defaulting assigned-risk insureds. In the event litigation is required, our firm has experience in obtaining judgment for unpaid audit premiums and using post-judgment collection remedies to further enable insurers to recover.

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