Quote link and Title

Tax Audit Insurance

Are you an Audit Target?

Whilst historically Tax Audits were targeted at big business and the wealthy, this has changed. Increasingly the ATO and other Government Agencies are turning their attention to both small to medium businesses and individuals, particularly those who own rental properties, operate trusts, and/or have a Self Managed Super Fund. Tax Audit Insurance can help protect you if the tax office calls!

Why Purchase Tax Audit Insurance?

Tax Audit Insurance protects you from the unexpected costs incurred in responding to a compliance audit or an audit of a return you have previously lodged (e.g. Tax Return), reimbursing you for related professional fees and associated costs.

Why purchase your Tax Audit Insurance through Express Insurance?

We have partnered with CGU, one of Australia's biggest and most well known insurers, to provide this Tax Audit insurance.

With Express Insurance, you can source an Tax Audit Insurance quote in seconds. You can then proceed to buy the insurance and produce your Certificate of Insurance in minutes, or alternatively save the quote back to your email account for buying later.

And we save your details on Renewal of your insurance, making the process of renewing your Tax Audit Insurance even easier and quicker. Throughout your experience with us our team of highly experienced Audit Insurance specialists are a phone call away!

Policy Features

Price

Tax Audit premiums are determined by the sum insured selected and the mix of entities being insured.

We believe we have negotiated highly competitive premiums for Tax Audit Insurance and will continue to monitor premium levels available in the market to ensure this remains the case.

Premiums vary between states as a result of differing stamp duty rates, however our minimum Total Premiums for Audit Insurance ($10k cover) start from $138 (incl. GST).

Purpose

The audit process can be very time-consuming including preparation time and time responding to audit findings. Related professional fees can be expensive, depending on the type of audit and the number of periods being audited. The most common Audits are those undertaken by the ATO in relation to personal or business returns, however compliance audits are also becoming more common, particularly those in relation to Payroll Tax obligations.

Convenience

We have designed the Insurance application process so it only takes an average of 5 minutes to complete your application. In most cases your application will be instantly approved online, and you can print your Confirmation of Insurance to prove that you have the requisite cover in place... It's that easy!! All other documentation, such as your tax invoice, policy schedule and wording will be emailed directly to you for your records.

If the policy can't be issued immediately because we require further information, we will contact you generally on the same day.

Renewal

Approximately one month prior to the renewal of your policy you will receive a renewal reminder email with a link that will allow you to review your previous years cover and renew the policy even quicker!

* We have minimized the number of referral situations so that most applications will be automatically accepted. However, if for example you have prior claims we will contact you to facilitate completion of your application personally with the Insurer.

Insurer

Your Insurance policy is arranged by Express Insurance acting as agent of CGU Professional Risks, Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance.

CGU is part of the IAG Group, Australasia's leading general insurance group and an ASX Top 50 company. IAG's businesses underwrite approximately $7.8 billion of premium every year and employ 15,000 people worldwide.

CGU is one of Australia's largest intermediary-based general insurers, providing insurance to Australians for almost 160 years. They Insure in excess of three million policies in total, including over 500,000 Australian homes and one million private motor vehicles.

To underpin the long-term stability of their business, CGU holds capital over and above that required by Australia's Prudential Regulator (APRA).

Charitable Contribution

Red Dust is a Health Promotion organisation that delivers innovative health promotion programs in partnership with remote communities. The Healthy Living Program encourages Indigenous youth to learn more about health and inspire them to live a healthy lifestyle.

Health is a basic human right and is essential to the social development of Indigenous people in remote communities. Health promotion strategies improve and transform lives and have a sustainable impact on social, economic and environmental conditions. Health promotion is a practical approach to achieving greater equity and closing the gap.

Red Dust Logo

Lodge a Claim

We will work with you to ensure that claims are handled in a professional manner and that you get a fair outcome from the Insurer. The first step is to lodge your claim form.

×
 

Tax Audit Insurance

Express Insurance Secondary Background

Are you an Audit Target?

Whilst historically Tax Audits were targeted at big business and the wealthy, this has changed. Increasingly the ATO and other Government Agencies are turning their attention to both small to medium businesses and individuals, particularly those who own rental properties, operate trusts, and/or have a Self Managed Super Fund. Tax Audit Insurance can help protect you if the tax office calls!

Why Purchase Tax Audit Insurance?

Tax Audit Insurance protects you from the unexpected costs incurred in responding to a compliance audit or an audit of a return you have previously lodged (e.g. Tax Return), reimbursing you for related professional fees and associated costs.

Why purchase your Tax Audit Insurance through Express Insurance?

We have partnered with CGU, one of Australia's biggest and most well known insurers, to provide this Tax Audit insurance.

With Express Insurance, you can source an Tax Audit Insurance quote in seconds. You can then proceed to buy the insurance and produce your Certificate of Insurance in minutes, or alternatively save the quote back to your email account for buying later.

And we save your details on Renewal of your insurance, making the process of renewing your Tax Audit Insurance even easier and quicker. Throughout your experience with us our team of highly experienced Audit Insurance specialists are a phone call away!

Policy Features

Price

Tax Audit premiums are determined by the sum insured selected and the mix of entities being insured.

We believe we have negotiated highly competitive premiums for Tax Audit Insurance and will continue to monitor premium levels available in the market to ensure this remains the case.

Premiums vary between states as a result of differing stamp duty rates, however our minimum Total Premiums for Audit Insurance ($10k cover) start from $138 (incl. GST).

Purpose

The audit process can be very time-consuming including preparation time and time responding to audit findings. Related professional fees can be expensive, depending on the type of audit and the number of periods being audited. The most common Audits are those undertaken by the ATO in relation to personal or business returns, however compliance audits are also becoming more common, particularly those in relation to Payroll Tax obligations.

Convenience

We have designed the Insurance application process so it only takes an average of 5 minutes to complete your application. In most cases your application will be instantly approved online, and you can print your Confirmation of Insurance to prove that you have the requisite cover in place... It's that easy!! All other documentation, such as your tax invoice, policy schedule and wording will be emailed directly to you for your records.

If the policy can't be issued immediately because we require further information, we will contact you generally on the same day.

Renewal

Approximately one month prior to the renewal of your policy you will receive a renewal reminder email with a link that will allow you to review your previous years cover and renew the policy even quicker!

* We have minimized the number of referral situations so that most applications will be automatically accepted. However, if for example you have prior claims we will contact you to facilitate completion of your application personally with the Insurer.

Insurer

Your Insurance policy is arranged by Express Insurance acting as agent of CGU Professional Risks, Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance.

CGU is part of the IAG Group, Australasia's leading general insurance group and an ASX Top 50 company. IAG's businesses underwrite approximately $7.8 billion of premium every year and employ 15,000 people worldwide.

CGU is one of Australia's largest intermediary-based general insurers, providing insurance to Australians for almost 160 years. They Insure in excess of three million policies in total, including over 500,000 Australian homes and one million private motor vehicles.

To underpin the long-term stability of their business, CGU holds capital over and above that required by Australia's Prudential Regulator (APRA).

Charitable Contribution

Red Dust is a Health Promotion organisation that delivers innovative health promotion programs in partnership with remote communities. The Healthy Living Program encourages Indigenous youth to learn more about health and inspire them to live a healthy lifestyle.

Health is a basic human right and is essential to the social development of Indigenous people in remote communities. Health promotion strategies improve and transform lives and have a sustainable impact on social, economic and environmental conditions. Health promotion is a practical approach to achieving greater equity and closing the gap.

Red Dust Logo

Lodge a Claim

We will work with you to ensure that claims are handled in a professional manner and that you get a fair outcome from the Insurer. The first step is to lodge your claim form.