Tax Agent Insurance

Professional indemnity insurance cover for your Tax Agent activities.
Tax Agent Insurance

Get a Tax agent insurance quote.

Get a Quote

As of July 1 2011, Tax Agent Insurance is required by  the Tax Practitioners Board (TPB). Professional Indemnity cover is required if a Tax Agent is not covered by an employer’s policy.

The minimum amount of insurance cover a registered Tax Agent is required to have is based on total turnover, specified in the table below.

Tax Agent Insurance Pricing and Cover options

Cover Options Turnover Cover Limit Cost
1 Up to $75,000 $250,000 cover inclusive of legal and defence costs $300
2 $75,001 – $150,000 $500,000 cover inclusive of legal and defence costs $400
3 $150,001 – $250,000 $500,000 cover inclusive of legal and defence costs $580
4 $250,001 – $500,000 $500,000 cover inclusive of legal and defence costs $650

* Please note: What is deemed an appropriate amount of cover for a registered Tax Agent may be more than what is nominated as the minimum requirement.

This Professional Indemnity policy meets all of the requirements set out by the Tax Practitioners Board to ensure your compliance.

Reap the benefits with your Tax Agent insurance policy

With a policy created specifically for Tax and BAS Agents, you’ll enjoy a range of benefits designed to give you maximum cover and security.

  • Scope of Cover: Policy wording, specific to Bookkeeping/BAS agent/Tax Agents, to provide cover should a breach in your professional duty, while conducting your services, results a claim against you.
  • Persons covered: The agent, directors, partners and employees are covered, as are any contractors who perform work for which the policyholder is liable.
  • Exclusions: This policy does not exclude contractor cover and actually extends cover to the contractor subject to the terms of the policy.
  • Excess: There is a $500 excess on this policy, exceeding TPB requirements (maximum of $1,000).
  • Insurance provider: The insurer is an APRA approved insurer.
  • Automatic Fidelity Cover: $100,000 sub-limit automatically provided (not included for sole traders)

Your Professional Indemnity insurance also gives you automatic protection for the following Tax Practitioners Board’s recommended requirements:

  • Fraud/dishonesty
  • Legal/defence costs
  • One Automatic reinstatement
  • Run-off cover

To arrange cover, please click the quote button below and complete the quote form. After we’ve received and checked your information, we’ll send you a tax invoice so you can make payment.

Get a Quote
Insurance advice you can trust