Insurance for Registered Tax Agents
Options available that meet minimum levels of cover required by the Tax Practitioners Board (TPB)
Easy and professional claims support
Options available that meet minimum levels of cover required by the Tax Practitioners Board (TPB)
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What is tax agent insurance?
Tax agent insurance (the different types of business insurance available to someone running a tax agency) helps you manage the potential costs of various risks, whether it’s incorrect tax advice or lost client records or errors, these problems can lead to potential lawsuits and serious financial repercussions for your tax agency.
One important policy to consider as a tax agent is Professional Indemnity insurance. Professional Indemnity (PI) insurance is designed to provide protection for you and your business against actual or alleged claims of professional negligence or omissions in the delivery of your professional service and advice. Your professionalism and service often aren’t always enough to prevent claims being made.
Why do tax agents need insurance?
Tax agents may need business insurance to build client trust and cover unexpected bills from claims.
What types of insurance do tax agents need?
We offer a range of policies designed to cover your business and services. Build an insurance package that suits your needs and buy in minutes.
Popular cover types for tax agents:
Tax agents could also consider:
How much does business insurance for registered tax agents cost?
The average monthly cost of business insurance for tax agents is $45* with BizCover. However, the cost of your policies will depend on different factors, such as the services you provide and the size of your business.
Factors influencing cost
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory Profession Requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
The prices are real, get that new policy feel
Factors influencing cost
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory profession requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How it works – buying online
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How to make a claim online
We’ll assist you through the claims process & manage the claim directly with the insurer.
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you of the claim outcome.
3 Steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
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See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
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Real-life customer reviews verified by Feefo
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I was impressed with how easy the website was to use and would definitely recommend BizCover to anyone needing business insurance
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Efficient, extremely easy to use and very competitive pricing.
Derek C
I think BizCover is a fantastic business which I have now used for many years and find it easy, efficient, convenient and straight forward.
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Good communications, comparison of alternatives, fair prices, easy to navigate website. Overall very satisfied!
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Simple, quick and clear
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