vs
Audit Shield
AuditCover is a fully digital tax audit insurance solution. It covers taxpayers directly, and keeps them covered without any admin work from you! Audit Shield requires you to sign your clients up. Every. Single. Year.
It’s literally groundhog day every year when renewals roll around.
STEP-BY-STEP GUIDE
How to switch from Audit Shield to AuditCover
Audit Shield
Client Distribution
Audit Shield firms are required to broadcast the offering to 85% or more of business and SMSF clients regardless of their interest or likely risk. AuditCover lets you decide.
Waiting Periods
Audit Shield can’t be legally offered for 6 weeks after signing a new client. With AuditCover, clients can be covered from the start.
Grouping
Audit Shield requires a minimum of 25% ownership between insured entities. With AuditCover, you can insure all client group members on one policy, regardless of shareholding.
Turnover Prefilling
Audit Shield practices must prefill turnover data, adding significant admin time and effort. With AuditCover turnover information can be provided by the client.
Automated Renewals
Audit Shield practices must ‘opt in’ clients each year. AuditCover offers automated renewals directly to the client with no accountant involvement.
Automated Refunds
Audit Shield firms are responsible for refunding clients who leave mid-term. AuditCover handles all refunds.
Limit of Cover Options
Audit Shield‘s standard offer contains only one limit of cover per cohort.
Campaign Scheduling
AuditCover’s digital platform automates campaign scheduling to the client at intervals you choose. Practices can customise their reminder cadence within their portal.
Get started with AuditCover in under 60 seconds
No hidden commissions or markups
No messy mailouts
No data sharing required
No manual client grouping required
No manual opt ins
Why AuditCover?
Providing clients with a tax audit insurance solution can suck valuable hours away from the work that really matters to your practice. AuditCover is a new and improved way to offer top quality tax audit insurance to clients without the admin load and compliance burdens of the past! This means your clients can get covered and you get paid quickly on all eligible claims.
AuditCover is a zero-cost and low touch solution for progressive practices looking to automate their tax audit insurance solution.
WHAT OUR CLIENTS SAY
All In Advisory
The AuditCover team are legends. Easy to work with, incredibly responsive and helpful and solved a real pain point for All In Advisory with offering AuditCover to our clients. Their processes are so much more automated and seamless than other providers in this space. Breath of fresh air in fact! and so excited for where they can take this product.
Aly Garrett,
All In Advisory
AVS Advisors
It has been a pleasure working alongside AuditCover team. The whole process took next to no effort on our side and we were guided and supported throughout the process for whatever little we had to do. It has been a win-win for all.
Vakel Dhillon,
AVS Advisors
Fraser Scott & Co
The team at AuditCover are awesome to work with. Our previous experience with taking up audit insurance coverage for clients has been very manual but AuditCover made it really easy for us and our clients to set up and manage. The portal is user friendly and it’s really clear and easy to understand. Highly recommend.
Ahmad Beydoun,
Fraser Scott & Co
MJA Business Solutions
Our firm transitioned to AuditCover this year and the process has been seamless. They have taken care of all the administrative side of things, are available to assist with any queries in a timely manner. We’re no longer having to deal with client payments and the self-quote option for clients has brought a new level of ease for getting our clients the right cover for them. Our take up rates have increased as well which confirms to us moving to AuditCover was the right choice not only for our firm but also our clients.
Melanie Zander,
MJA Business Solutions
Switching to AuditCover has never been simpler
Dedicated tax audit insurance specialist to help you switch
Telephone and email support
Up and running in a few days with no further work needed
Get started with AuditCover today
Find out more about AuditCover and how you can make tax audit insurance smarter.