Cal Inspection Bureau of Tarzana, California, and Legacy P&C of Camden, South Carolina, have formed a new firm offering premium audit services to insurers for commercial accounts nationwide. The joint firm has been named Legacy National Audit Bureau.
Legacy National offers physical audits where auditors visit a policyholder’s business to review payroll, sales, licensing and other financial and operational information. It also conducts hybrid audits for which policyholders upload their documents to an encrypted site for an auditor to review online. Legacy National said its technology includes password protections to safeguard policyholders’ data.
“We look forward to changing the way our clients think about the premium audit process,” said Myles Bancroft, managing partner with Legacy P&C and chief operating officer at Legacy National.
“It’s a strategic partnership,” said Emil Moskowitz, co-founder/president of Cal Inspection Bureau and president of the new Legacy National, noting that the new venture combines Cal Inspection Bureau’s 30 years of commercial property/casualty experience with Legacy P&C’s 14 years in the premium audit industry. “It made a lot of sense for us to work together.”
In addition to providing premium audits as Legacy National, Cal Inspection Bureau will continue offering physical inspections, phone inspections and hybrid premium audit services throughout the United States.