AuditCover

About

AuditCover is a tech-centric audit insurance platform automating quoting, binding, claims, renewals and partner marketing, connecting to accountants' core systems for real-time risk modeling; policies are underwritten by Lloyd's.

Mission

AuditCover is an end-to-end, tech-centric audit insurance platform that automates quote, bind and marketing functions for accountants and taxpayers. The platform connects directly to accountants' core systems to streamline the application process and deliver instant coverage for audit-driven professional fees. AuditCover also automates partner marketing for accounting firms to help them retain and strengthen client relationships. The company emphasizes real-time data ingestion and modeling to improve risk accuracy and reduce audit severity. It is currently offering audit insurance policies in Australia and plans to expand internationally in the near future. Greenlight Re described AuditCover as well-positioned to service a market growing in complexity due to the gig economy and digital assets. AuditCover provides a fully digital tax audit insurance solution, underwritten by Lloyds, designed for accountants to manage portfolio-wide tax audit protection and associated professional fees. The product emphasizes digitising the user journey with features such as a live partner dashboard, broader portfolio coverage, faster client acceptance, rapid claims service, and streamlined policy and renewal management. The business was created by three serial founders combining expertise in insurance, data, and digital marketing and says its model has been validated by accountants. A second product is under development: a data-analytics tool to help accountants identify and manage risky returns at the point of lodgement to reduce audit risk. AuditCover cites rising ATO audit activity and related compliance statistics as drivers of demand and intends to use investor funding to accelerate scaling and its product roadmap. The company positions its technology-driven approach as a way to both transfer and reduce audit risk for clients, accountants, insurers and auditing bodies.

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