Tax Audit Insurance
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What is Tax Audit Insurance?
Being audited can be time consuming, complicated and potentially very costly.
Tax Audit insurance covers a business for specified costs in the event that it is selected by the Australian Tax Office for auditing. The policy covers the costs of accountants and other professional fees incurred in the course of an audit.
What does Tax Audit insurance cover?
Accountants fees
Limited other professional’s fees incurred to responding to a tax audit
Tax agent fees
Why might you need Tax Audit insurance?
If you are running a business or filing tax returns you should consider Tax Audit insurance.
Respond to an ATO audit
Cover professional fees
Reduce financial stress during an audit
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3 industries who purchase Tax Audit insurance most:
- Management Consultants
- Education Consultant
- Communications Consultants
- Human Resources Consultants
- Business Coaching
- Environmental Consultants
- Content Writers
- Nurses
- Aged Care Support Workers
- Chiropractors
- Occupational Therapists
- Physiotherapists
- Disability Plan Management
- Disability Care
Tax Audit insurance is suited to a wide range of industries and occupations in addition to the ones listed above.
How much does Tax Audit insurance cost?
Tax Audit insurance costs can vary based on your business’ size, risks, insurance requirements and other factors. Every business is unique, and so is the type and cost of its policy.
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Click here to check industry wise average prices
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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
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Andrea
Beautician from
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Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
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Saved
$3,600
on
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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