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

Comprehensive Coverage Options Now Available for Small and Medium-Sized Enterprises

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

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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.

With premiums starting at $780 per year for a $1 million coverage limit, Upcover's management liability insurance aims to make robust protection accessible and affordable for smaller businesses. Coverage limits extend up to $10 million, catering to a diverse range of business sizes and needs.

Upcover's CEO and Co-Founder, Skye Theodorou, emphasized the importance of this product in the current business environment. "The cost of litigation defense can be devastating to Australian business owners and sole traders who don't have adequate cover," Theodorou stated. "We're making it our mission to create a tailored range of go-to options that take the hassle out of purchasing insurance."

Founded in 2019, Upcover has been at the forefront of developing innovative insurance solutions tailored to the unique needs of Australian businesses. The company's offerings are underwritten by ProRisk, with authority to bind cover on behalf of Swiss Re, ensuring reliability and financial stability.

For SMEs and sole traders, this new management liability insurance provides a safety net against potential legal and financial challenges that could arise from various operational risks. By securing appropriate coverage, business owners can focus on growth and development, knowing they are protected against unforeseen liabilities.

In conclusion, Upcover's latest product launch represents a significant step forward in addressing the insurance needs of Australia's SME sector. By offering comprehensive and affordable management liability insurance, Upcover is empowering business owners to navigate the complexities of the modern business landscape with confidence.

Published:Monday, 22nd Dec 2025
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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Aggregate Limit:
The maximum amount an insurer will pay for all covered losses during a policy period.

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