Are previously lodged tax returns also covered?
The AuditCover insurance product is a ‘claims-made’ policy, as opposed to an ‘occurrence-based’ policy. We designed it this way so that our clients can buy a policy and immediately achieve cover for previously lodged tax audits (from before your cover was in place). Please see the policy wording or get in touch for further information.
How long does it take to get set up?
Our approach to onboarding new referral partners makes getting set up a breeze with our usual set up complete and ready in 10 business days.
I’m a tax agent. What role do I play?
Tax agents refer their customers to AuditCover for personalised client policies. This means there is no risk of arranging the insurance or giving unauthorised advice. You can also lodge claims on behalf of your client.
How is my client data protected?
AuditCover makes sure to protect your client data at every step of the way by ensuring we’re sticking to cloud-based sharing so that no data is ever vulnerable to being accessed by another party. This system protects not just your clients, but also your practice.
Tell me more about HDI
AuditCover is venture backed by some of the best and most experienced names in the industry. Some of them include Insurtech Gateway, HDI Global Specialty SE, Hunter Equity, and a long list of the best and brightest across insurance, accounting and technology.
What is covered?
AuditCover provides cover for professional fees in connection with an audit of your tax return or compliance obligations. We encourage you to get in touch if you have any questions on coverage or refer to the Policy Wording for full details, terms, conditions, exclusions and definitions.
When is the right time to make a claim?
If you are unsure whether to notify us, then do it anyway.
What is not covered?
Make sure to check out our Policy Wording for full details, terms, conditions, exclusions and definitions.
Who can take out a policy?
We cover the following types of entities: individuals, sole traders, private companies, partnerships, trusts and SMSFs
Who are we backed by?
AuditCover is venture backed by some of the best and most experienced names in the the industry. Some of them include Insurtech Gateway, HDI Global Specialty SE, Hunter Equity, and a long list of the best and brightest across insurance, accounting and technology.
How is AuditCover different?
We like to look at things differently and we question the status quo. We’re not bogged down in old ways of thinking and that helps when you are changing an industry. We believe that by taking a digital first approach, managing client data securely, and by building an insurance product that covers the taxpayer directly, we can make audit insurance a seamless process for everyone. That means no painful paperwork, no lengthy setup times and excellent data security. It means accounting firms can partner with a distribution platform that does all the work, so you don’t have to. It’s about simpler audit protection the whole way.
Why do we insure the taxpayer, not the tax agent?
It’s simple really! The taxpayer is the one that gets investigated. We stick to this approach to make things easy when accounting firms are referring clients. We steer clear of “master” or practice policies, as these usually mean more work and responsibility for the accounting firm and we prefer a more transparent partnership.
Who is AuditCover?
AuditCover is an insurtech insurance solution, delivering smart tax audit protection. We are also a regulated insurance brokerage (ABN: 63 638 872 634, AFS Licence Number: 535509).