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Upcover's New Management Liability Insurance: A Boon for SMEs

Affordable and Comprehensive Coverage Now Available for Small Businesses

Upcover's New Management Liability Insurance: A Boon for SMEs?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In a significant development for small and medium-sized enterprises (SMEs) and sole traders across Australia, Sydney-based insurtech company Upcover has unveiled a new management liability insurance product.
This offering is designed to provide comprehensive protection against a range of risks, including employment disputes, official investigations, tax audits, financial crimes, statutory liabilities, and allegations of legal breaches.

Starting at an annual premium of $780 for a $1 million coverage limit, the policy is both accessible and affordable. Upcover's CEO and Co-Founder, Skye Theodorou, emphasized the critical need for such coverage, noting that the financial burden of litigation defense can be devastating for business owners without adequate insurance. The company aims to simplify the insurance purchasing process by offering tailored options that meet the specific needs of SMEs and sole traders.

With coverage limits extending up to $10 million, this product is well-suited for a diverse range of businesses, including partnerships and associations. Underwritten by ProRisk with authority from Swiss Re, Upcover's new offering reflects a growing trend towards specialized insurance solutions that cater to the unique challenges faced by smaller businesses.

For Australian SMEs and sole traders, this development presents an opportunity to secure robust protection against potential liabilities, thereby safeguarding their operations and financial stability. As the business landscape continues to evolve, having access to tailored and affordable insurance solutions becomes increasingly vital.

Published:Saturday, 11th Oct 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Public Liability Insurance:
A very broad term for insurance covering liability exposures for individuals and business owners. It provides broad coverage, generally including all exposures for property damage and bodily injury.

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