Tax Audit Insurance

Tax Audit Insurance: Protecting Your Business from Audit Costs

Tax Audit Insurance covers a business for specified costs if it is selected for an audit by the Australian Taxation Office (ATO). The policy provides cover for accountants’ fees and other professional costs incurred during the audit process.

Professional fees can be significant, depending on the type of audit and the number of periods being audited. Common audits are those conducted by the ATO on personal or business tax returns.

Cover Options

We can arrange cover for professional fees related to audits and official investigations, including:

• Business audit only (with investigation cover)
• Business and directors audit (with investigation cover)
• Individual cover (for insured parties who are not a corporation)
• Self-managed superannuation fund cover

What Does Tax Audit Insurance Cover?

• Professional fees incurred from your accountant to assist with the audit process
• Time spent preparing for the audit
• Time spent responding to audit outcomes