EMPLOYERS® does not process refunds midterm; they are only done after the Final Premium Audit is conducted
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- If the insured’s premium is decreased mid-term, EMPLOYERS® will keep the balance as a credit on the account
- If the insured is owed a refund post-audit, they will be mailed out a refund to the mailing address on file
This is done to allow EMPLOYERS® the opportunity to transfer and apply these funds as needed to avoid any collection or cancellation issues, which is a benefit for our policyholders.