Upcover Introduces Management Liability Insurance for SMEs

Affordable and Comprehensive Coverage Now Available for Small Businesses

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

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

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Knowledgebase

Insurance Policy:
Broadly, the entire written contract of insurance. More narrowly, the basic written or printed document, as distinguished from the forms and endorsements added thereto.