Tax Audit
Cover Options Explained
Get up to $50,000 cover for accounting fees incurred from an audit or review conducted by the Australian Taxation Office (ATO).
After selecting your Legal Liability Insurance amount, choose whether or not you would like to add Audit Insurance to your Tradies Insurance policy.
Be sure to read the Policy Wording to ensure the cover is right for you, as conditions, limits, and exclusions apply.
*Conditions, limits and exclusions apply. Please see the policy wording for more information.
What does Tax Audit Insurance actually cover?
If you're audited, chances are your accountant or bookkeeper will need to spend hours preparing reports, chasing documents, and dealing with the ATO or other government departments. Audit insurance can cover the professional fees involved in all that work.
It doesn’t cover the taxes you owe, penalties, or fines - it’s there to help with the cost of responding to the audit, not the outcome of it. If you've done your books properly and everything checks out, you'll still be out of pocket for your accountant’s time unless you’ve got this cover.
Got any questions?
Get in touch and let us know how we can help you out.