Tax Audit Insurance is often available as part of a broader Management Liability policy.

However, it should not be assumed to be included automatically.

How can Tax Audit sit within Management Liability? #

Management Liability policies can contain several sections, such as:

• Directors and Officers Liability.
• Company Liability.
• Employment Practices Liability.
• Statutory Liability.
• Crime.
• Tax Audit.

The sections included vary between insurers.

Does Tax Audit share the overall Management Liability limit? #

It depends on the policy.

Tax Audit may have:

• Its own separate limit.
• A sublimit.
• A shared aggregate limit.
• A separate excess.

The schedule should be checked.

Can Tax Audit Insurance be purchased separately? #

Potentially.

Some insurers can offer Tax Audit as a standalone section or as part of another Business Insurance arrangement.

Availability depends on the insurer and business.

Why should existing insurance be reviewed first? #

A business may already have Tax Audit cover without realising it.

Before arranging additional insurance, Webber Insurance can check:

• Whether Tax Audit is already included.
• The available limit.
• The excess.
• Authorities covered.
• Important exclusions.

This can avoid unnecessary duplication.