Specialty Insurance

IRS Audit Insurance

IRS audits are a normal part of doing business, but that doesn’t make them any less disruptive. Even when your CPA does everything right, your business can still be audited. And when that happens, you face more than just paperwork, you face unexpected costs, time-consuming disputes, and financial uncertainty. IRS audits can be unpredictable, but the costs don’t have to be.

For years, only large corporations had access to reliable IRS audit insurance. Now, small businesses can get comprehensive coverage at a fraction of what an audit could cost, turning a major financial risk into a manageable expense. IRS Audit Insurance, backed by Lloyd’s of London (AA- rated), covers the costs associated with an audit, including bookkeeping, accounting, tax advisors, representation with an immediate payout upon notice of IRS audit and defending coverage if litigation escalates to tax court. This affordable enterprise-grade protection covers penalties and interest imposed by the IRS, ensuring businesses remain financially stable throughout the audit process.

What Services are Included?

Captive Insurance

A captive insurance company is a subsidiary created to provide insurance coverage for the parent company or a group of related businesses. Rather than purchasing insurance from a traditional insurer, the parent company insures its own risks through its own captive insurer.

A captive insurance company is a risk-financing tool — one that grants owners greater control (in both financial and risk management sectors) than is offered by traditional commercial insurance. Captive insurance involves setting up your own insurance company to cover risks beyond what is and can be covered under traditional commercial insurance, to create tax deductions, or to have greater control over losses, reinsurance, and costs.

With a captive insurance structure, you can make sure that your risks are written into policies as you see fit — without ambiguous or obscure wording or using terms that strongly benefit your insurer at claims time.

A captive insurance company is a wholly-owned subsidiary company created to provide insurance to a noninsurance parent company and its affiliates or to an association. It may also provide insurance to other companies that join the captive as members. Captive insurance offers a range of benefits for businesses, particularly for those with unique or complex risk management needs.