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Upcover Unveils Comprehensive Management Liability Insurance for Australian SMEs

New Product Aims to Provide Affordable Protection Against a Range of Business Risks

Upcover Unveils Comprehensive Management Liability Insurance for Australian SMEs?w=400

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Sydney-based insurtech company Upcover has launched a new management liability insurance product designed specifically for small and medium-sized enterprises (SMEs) and sole traders across Australia.
This offering aims 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.

Priced from $780 per year for a $1 million coverage limit, the policy offers flexibility with limits up to $10 million. This affordability and scalability make it accessible to a wide range of businesses, from sole traders to larger SMEs.

Upcover's CEO and Co-Founder, Skye Theodorou, emphasized the importance of adequate coverage, stating, "The cost of litigation defence can be devastating to Australian business owners and sole traders who don’t have adequate cover." Theodorou highlighted the company's mission to create tailored insurance solutions that simplify the purchasing process for business owners.

Founded in 2019, Upcover has been at the forefront of developing innovative insurance products for the Australian market. The company's latest offering is underwritten by ProRisk, with authority to bind cover on behalf of Swiss Re, ensuring robust backing and reliability.

In addition to management liability insurance, Upcover plans to expand its product suite to include tools of trade, glass, and personal accident cover within the year. The company already offers a range of insurance products, including professional indemnity, public and products liability, cyber privacy liability, and commercial motor insurance.

For Australian SMEs and sole traders, this new management liability insurance provides a valuable safety net, addressing a critical need for comprehensive and affordable coverage in an increasingly complex business environment.

Published:Sunday, 8th Feb 2026
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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Knowledgebase
Term Life Insurance:
A type of life insurance policy that provides coverage for a specified period, such as 10 or 20 years.

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