In this episode of the Self-Insurance Podcast, brought to you by CRMBC, we delve into the intricacies of workers' compensation audits and reserves with Pilar Mitchell, Senior Partner at Michael Sullivan & Associates. Pilar shares her extensive experience in workers' compensation law, explaining the different types of audits conducted by the DWC and OSIP, the importance of accurate reserve setting, and practical steps members can take to ensure their reserves are managed correctly. Tune in to learn how to navigate audits, avoid penalties, and effectively manage workers' comp reserves to minimize financial impact.00:00 Introduction to PAR Audits00:13 Welcome to the Self-Insurance Podcast00:27 Meet Pilar Mitchell01:01 Understanding Work Comp Audits02:27 Difference Between DWC and OSIP Audits04:32 Importance of Accurate Reserves06:32 How Members Can Influence Reserves07:55 Best Practices for Documentation09:13 War Stories and Real-Life Examples11:11 Consequences of Failing an Audit13:00 Conclusion and Final ThoughtsPlease visit CRMBC for our latest news.Follow us on LinkedIn for content highlights.See the latest videos on YouTube to see us in action. And connect with CEO Kaya Stanley on LinkedIn.

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