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Tax Audit Insurance

Covers the associated costs incurred in preparing for and responding to an audit.

Tax Audit Insurance

The Australian Taxation Office (ATO) and other government agencies have been increasing their audit activity year after year. This means that individuals and businesses are increasingly at risk of being selected for an audit.

Anybody who has gone through an audit will tell you how time consuming and costly it is – from preparation time to responding to audit findings and making corrections. Thankfully, tax audit insurance is a cost effect way to manage your risk of being selected for an audit, protecting you from the financial impact.

Who needs it

  • Any business that cannot afford to take the associated time and costs involved in preparing for an responding to a tax audit, should they be selected,
  • Contractors/sole traders who cannot afford the time and costs involved should they be selected for a tax audit.

Covers that are typically included

  • Professional fees incurred from your accountant to assist you with the audit process.
  • Time spent preparing for the audit,
  • Time spent responding to audit outcomes.
  • Omnisure are amazing when it comes to business insurance. Before meeting the Omnisure team I was using what I had seen on TV as I thought there was no other option. After sitting down with an Omnisure broker and going through our business’ insurances I saw that the policies I had were not worth the paper they were written on and if something had of occurred we would have been in a lot of trouble.

    Michael Griffiths - Founder, Referral Marketing Guru

  • Omnisure walked me through the insurance process step by step ensuring that I understood what was being covered and why. They provided sensible solutions and always had me and my business as the main concern. I certainly feel far more secure and can sleep well at night knowing that we are in good hands.

    Michael Griffiths - Founder, Referral Marketing Guru

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