Nationwide Insurance
Audit Bill of $851 After Canceling Business Liability Policy

Having had a business liability policy with Nationwide for the past 4 years I chose to drop them to get a good package rate for workers compensation and general liability with another company. Shortly after this I received a bill that stated that I owed them $851.00 as the result of an insurance audit covering the period from 7/10 to 7/10.

My insurance rate is based on the payroll and according to my records we owe them around $290.00. I have always paid them based on payroll but for some reason I was told that they charge a minimum amount covering the owner. I told them that this was odd that I had never been charged this before we cancelled with them. I also ask them to reveal in the policy where this is stated and was never given an answer.

I feel that they invented this policy due to the fact that I cancelled with them and possibly due to they're $346.4 million dollar loss for the third quarter of 2007. I have auto insurance with them now but will shortly be cancelling this as well. I will make up my losses by getting a cheaper auto policy. I hope to see a $346.4 BILLION loss for Nationwide in 2009.

Company: Nationwide Insurance
Country: USA
State: Florida
City: Gainesville
Address: P.O. Box 147080
Phone: 7176576524

  <     >