AuditCover

Automated tax audit insurance platform for accounting firms across Australia.

Distribution & Sales Growth Seed

Overview

AuditCover is a digital insurance distribution platform serving Australian accounting firms with tax audit insurance coverage. The company automates the quote, bind, and renewal process for tax audit insurance policies, enabling accountants to offer protection to their clients against professional fees incurred during Australian Tax Office (ATO) audits and investigations.

The platform integrates with common accounting software, including Xero and BGL Simple Fund 360, enabling rapid client onboarding and data ingestion. Key capabilities include separate portals for accountants and their clients, Smart Top-up adjustments for dynamic coverage changes, automated referral payment processing, and claims handling with a 5-10 business day turnaround. Coverage spans multiple tax risk categories including income tax, GST/BAS, fringe benefits tax, superannuation guarantee, and capital gains tax audits.

Founded in 2020 by Gil Snir and incubated through Insurtech Gateway Australia, AuditCover raised AUD 1.7M in a 2022 Seed round led by Hunter Equity Group, with participation from Greenlight Re and notable industry investors. The platform serves over 400 accounting firms in Australia and reports 48% higher client take-up rates compared to traditional insurance distribution methods.

Products & Services

AutoPilot(R) -- Tax Audit Insurance Platform

AuditCover's core offering automates the full lifecycle of tax audit insurance, from quoting to binding and annual renewal. Accounting firms deploy campaigns in under one hour using integrated data from their existing accounting software. The system handles automatic onboarding of clients, policy issuance, and year-end renewals without manual intervention.

Key Features

Integration with Xero and BGL Simple Fund 360 for automated client data ingestion
Separate client and accountant portals for self-service access
Smart Top-ups for dynamic adjustment of coverage levels mid-term
Automated referral payment disbursements to distribution partners
Coverage across BAS/GST, income tax, superannuation guarantee, fringe benefits tax, payroll tax, stamp duty, land tax, capital gains tax, and workers compensation audits

Target Users: Accounting firms and tax advisors distributing tax audit insurance to SME and SMSF clients

Next 5000 Assurance Review Program

A specialized coverage product targeting accountants servicing mid-market clients who require additional audit risk assessment and coverage for ATO review scenarios.

Target Users: Accounting firms advising mid-market businesses