Accountancy Insurance

What Accountancy Insurance does

Accountancy Insurance Pty Ltd is an Australian-headquartered specialty insurance distributor and financial product advisor serving accounting professionals. Founded in 2003 and based in South Melbourne, the company distributes four core products through a B2B2C channel: Audit Shield (tax audit insurance covering professional fees from ATO and other revenue-authority audits, inquiries, investigations, reviews, and examinations), PI Shield (professional indemnity designed for accounting-specific risks including AI tool use and AML obligations), Cyber Shield (cyber insurance covering privacy, IP, and Privacy Act breaches), and Management Liability Insurance. Products are underwritten by AAI Limited (Vero Insurance) for Audit Shield and by Acerta on behalf of Guild Insurance for PI Shield, with the group holding AFS Licences 340731 (AIU) and 276100 (Accountancy Insurance Pty Ltd). The company reaches accounting firms across Australia, New Zealand, and Canada through a network of thousands of partner firms, supplemented by professional association partnerships with The Tax Institute and ABN.

The technology stack is a conventional insurance distribution platform: an online portal and the Audit Shield App on iOS and Android for partner firms to view client status, generate quotes, receive notifications, and manage policies. The company is ISO 27001 certified for its Information Security Management System. Accountancy Insurance earns revenue via commissions on insurance premiums distributed through accounting-firm partners (a recurring, subscription-like revenue model with annual billing cadence), and pricing is quote-based rather than publicly disclosed. End customers are twofold: accounting firms (the direct B2B buyers) and their underlying SME and individual clients (B2B2C beneficiaries of the coverage), with additional direct coverage offered to individual practitioners such as bookkeepers, BAS agents, and tax agents via PI Shield.

Name

Accountancy Insurance

Legal name

Accountancy Insurance Proprietary Limited

Website

https://accountancyinsurance.com.au

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Accountancy Insurance is a specialty insurance distributor serving accounting professionals in Australia, New Zealand, and Canada. It offers Audit Shield, PI Shield, Cyber Shield, and Management Liability insurance, distributed via a B2B2C model through thousands of accounting-firm partners.

Ownership category

akta.pro rank

Product category

Specialty Insurance for Accounting Professionals

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Embedded Insurance Distribution & Premium Financing (FSAGALAF)

akta.pro secondary industry

Billing, Payments & Premium Finance Platforms (FSAGAGAI)

Keywords

• Tax audit insurance
• Professional indemnity insurance
• Cyber insurance accountants
• Management liability insurance
• Specialty accounting insurance

Headquarters

HQ city

South Melbourne

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premium Revenue: Accountancy Insurance generates revenue through insurance premiums for Audit Shield (tax audit insurance), PI Shield (professional indemnity insurance), and Cyber Shield (cyber insurance). The company acts as a distributor and financial product advisor, earning commission from underwriters including AAI Limited (Vero Insurance) and Guild Insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Accountancy Insurance provides specialty insurance products for accounting professionals, including Audit Shield (tax audit insurance covering ATO and government revenue authority audits, inquiries, investigations, reviews, and examinations), PI Shield (professional indemnity), Cyber Shield (cyber insurance), and Management Liability Insurance. Products are distributed through accounting firm partners in Australia, New Zealand, and Canada via a B2B2C model, with supporting online portal and mobile app technology.

Product overview

Accountancy Insurance is an insurance company that specializes in providing specialized insurance products for accounting professionals. The company's portfolio consists of three core insurance products: Audit Shield (tax audit insurance covering ATO-initiated audits), PI Shield (professional indemnity insurance for accountants), and Cyber Shield (cyber insurance). All three products are designed specifically for the accounting profession and are offered through a network of accounting firm partners in Australia, New Zealand, and Canada.

Differentiator

Problem solved

Functional benefit

Brands

• Audit Shield: Tax audit insurance tailored specifically to the needs of Australian accounting firms, covering professional fees incurred from ATO and government revenue authority audits, inquiries, investigations, reviews or examinations.
• PI Shield
• Cyber Shield

Products and services

• Audit Shield Tax audit insurance tailored specifically to the needs of Australian accounting firms, covering professional fees incurred as a result of an official audit, inquiry, investigation, review or examination instigated by the Australian Taxation Office (ATO) and other government revenue authorities. It is offered to accounting firms and their clients as a value-add protection product.
• PI Shield Professional indemnity insurance designed specifically for accounting professionals, covering civil penalties, administrative/disciplinary fines, employment practices liability, fidelity, third-party cyber, and statutory liability. Includes cover for AI tool use, AML obligations, and other professional risks.
• Cyber Shield
• Management Liability Insurance Management liability insurance offering available to Australian accounting firms to protect principals and the firm against management-related exposures.

Quantifiable outcome

• JobKeeper audits covered under endorsement to policy

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Accountancy Insurance Underwriting Pty Ltd (AIU)coreTechnology or IntegrationAIU (AFS Licence 340731) issues the Audit Shield product under a binder from Vero Insurance, handling the underwriting operations.
• The Tax InstituteminorGTM or Marketing PartnerProfessional association partnership for marketing and distribution to accounting professionals.
• ABN (Australian Business Numbers)minorGTM or Marketing PartnerPartnership with Australian Business Numbers association for distribution to accounting professionals.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/2606017

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Accountancy Insurance