Audit1

Name

Audit1

Legal name

Audit1 LLC

Website

https://audit1.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Insurance Premium Automation Software

NAICS

Insurance Carriers (5241), Insurance Agencies and Brokerages (52421), Payroll Services (541214), Other Insurance Related Activities (52429)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)

Keywords

• Insurance premium automation
• Payroll integration platform
• Workers compensation compliance
• Fintech ACH infrastructure
• API payroll ingestion

Headquarters

HQ city

Sarasota

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Premium Automation Services: Platform fee or transaction-based revenue from automating insurance premium calculations, validation, and billing for workers' compensation policies. Revenue tied to premium volume processed ($2B+ annually).
2. Payroll Data Processing: Processing fees for payroll data ingestion, normalization, and validation services for carriers, employers, and payroll companies.
3. API and Integration Services: API access and connector fees for payroll providers and software companies integrating with the platform.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels6 records

Core offering

Audit1 is an insurance premium automation platform that connects carriers, employers, and payroll providers to automate workers' compensation premium calculations. It ingests payroll data from multiple sources, validates it with AI-driven engines, and computes premiums in real time with penny-level accuracy. The platform offers role-specific portals (Carrier, Employer, Provider) plus a self-serve Express flow, a white-label deployment option, and developer APIs for embedded integrations.

Product overview

Audit1 is an insurance premium automation platform built as a unified fintech infrastructure connecting carriers, employers, and payroll providers. The core platform automates premium calculations at the penny level through a 4-stage processing pipeline (ingestion → normalization → validation → premium computation). The product portfolio includes three dedicated portals — Employer Portal (for insureds and employers), Carrier Portal (for insurance carriers), and Provider Portal (for payroll companies and software) — plus Express Report/Pay for no-login quick transactions. The platform offers MCP AI Agent Protocol for autonomous payroll reporting, a Payroll Ingestion Engine (PIE) supporting 6 delivery methods, white-label portal customization, and REST/Payment APIs. Now automating over $2B+ in premiums with 99.7% accuracy.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit1 Insurance Premium Automation Platform End-to-end SaaS platform that ingests payroll data, validates it, and calculates workers' compensation premiums for insurance carriers, employers, and payroll providers, with role-based portals and APIs.
• Express Report/Pay Self-serve product for individual insured employers to upload payroll and pay workers' compensation premiums directly without full onboarding.
• MCP AI Agent Protocol Standalone AI agent protocol that lets third-party AI agents and applications interact with Audit1 premium workflows programmatically.

Quantifiable outcome

• 99.7% accuracy on premium calculations verified at the penny level
• +5 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability7 records

Feature7 records

Partnerships

23 partnerships are on record, tiered core and flagship.

• ADPcoreTechnology or IntegrationMajor payroll provider integration with zero-config auto-connector sync. Supports seamless data delivery for payroll processing and premium calculation.
• PaychexcoreTechnology or IntegrationPayroll provider integration supporting automated employee and payroll data sync for workers' comp premium reporting.
• UKGcoreTechnology or IntegrationEnterprise workforce management integration with direct connector for employee records and payroll report data synchronization.
• PaylocitycoreTechnology or IntegrationMid-large employer payroll integration with automatic sync of employee records, pay statements, and earnings data.
• QuickBooks (Intuit)coreTechnology or IntegrationQuickBooks Online integration via OAuth 2.0 for syncing pay runs, pay stubs, and company info. Supports Workers' Comp class code mapping.
• GustocoreTechnology or IntegrationSMB payroll platform integration supporting automated payroll data delivery for small business employer clients.
• Payroll DynamicscoreTechnology or IntegrationPayroll provider integration supporting automated data synchronization for premium calculation.
• NetchexcoreTechnology or IntegrationPayroll provider integration supporting automated employee and payroll data sync.
• HeartlandcoreTechnology or IntegrationPayroll provider integration with auto-connector sync capability for employee and payroll data.
• IsolvedcoreTechnology or IntegrationPayroll provider integration supporting automated data synchronization for HCM platforms.
• SouthlandcoreTechnology or IntegrationRegional payroll provider integration supporting automated data delivery.
• AsurecoreTechnology or IntegrationPayroll and HR compliance platform integration supporting automated payroll data synchronization.
• AccountantsWorldcoreTechnology or IntegrationMulti-client accounting firm integration via Payroll Relief API. Supports syncing across all firm clients with per-client API keys.
• PlaidcoreTechnology or IntegrationEmbedded bank linking widget for instant, verified bank account connections. Supports 10,000+ financial institutions for ACH payment processing.
• StripecoreTechnology or IntegrationPayment processing infrastructure for payment links, subscriptions, and checkout. Handles premium collection via hosted payment pages.
• Google CloudcoreTechnology or IntegrationCloud infrastructure provider hosting the entire platform. Provides enterprise-grade security, encryption, and scalability.
• CopperPoint InsuranceflagshipChannel Partner/ Reseller/ DistributorWorkers' compensation insurance carrier using Audit1 platform to automate premium collection for their employer policyholders.
• The HartfordflagshipChannel Partner/ Reseller/ DistributorMajor workers' comp insurance carrier partner using Audit1 platform for premium automation and employer payroll oversight.
• Guard InsurancecoreChannel Partner/ Reseller/ DistributorWorkers' compensation insurance carrier partner using Audit1 for premium collection automation.
• Travelers InsuranceflagshipChannel Partner/ Reseller/ DistributorMajor insurance carrier partner using Audit1 platform for workers' comp premium automation.
• AmTrust FinancialcoreChannel Partner/ Reseller/ DistributorWorkers' compensation and specialty risk insurance carrier partner using Audit1 for premium automation.
• Employers InsurancecoreChannel Partner/ Reseller/ DistributorWorkers' compensation insurance carrier partner using Audit1 for employer premium reporting automation.
• FCBI InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier partner using Audit1 platform for workers' compensation premium automation.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Duck Creek Technologies: Insurance core systems vendor providing policy, billing, and claims platforms for P&C insurers. Adjacent to Audit1 via carrier-side billing and policy administration; significantly larger and broader but overlaps on premium automation workflows.
• Vertafore: Large insurance agency and carrier technology vendor offering premium audit, agency management, and carrier connectivity tools. Overlaps with Audit1 on the premium-audit and carrier-portal side but operates broadly across P&C insurance, not just workers' comp.
• Applied Systems: Major insurance agency management platform serving carriers and brokers. Comparable through its carrier-portal and premium-billing capabilities, though primarily agency- rather than carrier-focused and much broader in scope.
• Insurity: Insurance software provider offering policy administration, billing, and claims solutions for carriers. Overlaps with Audit1 in carrier premium and billing automation; well-capitalized incumbent.

Emerging players

• ADP TotalSource / ADP Workers' Comp integration: ADP is both an integration partner of Audit1 and a potential competitor through its own payroll-to-carrier premium reporting capabilities and PEO Workers' Comp offerings. Comparable through the same employer-carrier workflow.
• QuickBooks Payroll (Intuit): Intuit's payroll product already integrates with Audit1 but competes with native premium automation features Intuit could build into QuickBooks Payroll, especially for SMB workers' comp policyholders. A potential vertical-embedded competitor.
• Stand Insurance / Pie Insurance: Tech-forward workers' compensation carriers using data and automation to price and administer policies. Comparable as insurtech-driven modernizers in the same WC vertical, though they underwrite rather than provide platform infrastructure.
• Paychex Flex Workers' Comp: Paychex's pay-as-you-go workers' compensation offering integrates with Audit1 but also represents an in-house alternative for SMB employers. Comparable through payroll-driven premium automation.

Direct peers

• AP Intego: Workers' compensation-focused payroll integration platform that automates premium calculations from payroll data for carriers and employers. Closest direct competitor to Audit1, addressing the same pay-as-you-go WC premium use case with similar carrier-portal model.
• Pay-as-you-go insurance programs (carrier-operated): Many workers' compensation carriers (e.g., The Hartford, Travelers, AmTrust) operate proprietary pay-as-you-go / premium-at-audit programs that compete with Audit1's automation platform for the same carrier budget line item.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/audit1

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Audit1