Liability Insurance :: News
SHARE

Share this news item!

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
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

Share this news item:

Insurance News

Life Insurance Sector to Develop New Mental Health Claims Framework
Life Insurance Sector to Develop New Mental Health Claims Framework
21 Oct 2025: Paige Estritori
A significant update is on the horizon for mental health claims within the Australian life insurance sector. The Council of Australian Life Insurers (CALI) has announced the creation of a new assessment framework. This move will be developed in collaboration with consumer advocates, medical specialists, and other key stakeholders. The forthcoming plan aims to establish minimum standards for evaluating claims, ensuring that they are based on consistent and evidence-based criteria. - read more
WFI and AgCarE Join Forces to Reward Sustainable Farming Practices
WFI and AgCarE Join Forces to Reward Sustainable Farming Practices
21 Oct 2025: Paige Estritori
In a significant move towards promoting sustainable agriculture, WFI Insurance has partnered with AgCarE, a certification program developed by AgForce, to offer premium reductions to farmers who achieve AgCarE certification. This collaboration aims to enhance financial, environmental, and social outcomes for Australian farmers and rural communities. - read more
Rising Insurance Costs Challenge Australian Farmers as Extreme Weather Intensifies
Rising Insurance Costs Challenge Australian Farmers as Extreme Weather Intensifies
21 Oct 2025: Paige Estritori
Australian farmers are confronting a significant surge in insurance premiums, a trend largely attributed to the increasing frequency and severity of extreme weather events. Over the past few years, many farmers have reported that their insurance bills have more than doubled, with annual premiums exceeding $100,000. - read more
Diversifying Small Farms Open New Avenues for Insurance Brokers
Diversifying Small Farms Open New Avenues for Insurance Brokers
21 Oct 2025: Paige Estritori
The landscape of Australian agriculture is evolving as small commercial farms increasingly diversify their operations to enhance income and sustainability. This shift presents both challenges and opportunities for insurance brokers, as new ventures introduce complex risk management needs. - read more


Business Insurance Articles

Public Liability Insurance Claims: What to Expect and How to Prepare
Public Liability Insurance Claims: What to Expect and How to Prepare
When it comes to navigating the complex waters of insurance, understanding public liability insurance claims is crucial for businesses and individuals alike. Public liability insurance serves as a safeguard, protecting against the financial repercussions that arise from accidents or injuries that occur on your premises or through your operations. In this introductory section, we will delve into the essence of public liability insurance and underline its significance. - read more
Understanding Product Liability Insurance in Australia: A Business Owner's Guide
Understanding Product Liability Insurance in Australia: A Business Owner's Guide
As a business owner in Australia, navigating the complexities of protecting your company is crucial, with product liability insurance being an essential aspect to consider. This type of insurance is designed to shield businesses from financial losses that may arise if a product they manufacture, supply, or sell causes harm to a consumer or damages property. - read more
The Cost of Being Uninsured: Why Every Australian Small Business Needs Liability Coverage
The Cost of Being Uninsured: Why Every Australian Small Business Needs Liability Coverage
Welcome to the complex world of running a small business in Australia where navigating through liability risks is as crucial as managing daily operations. This article is crafted to illuminate why every Australian small business needs liability coverage — a shield to protect against potential financial catastrophes. - read more
The Impact of Environmental Liability on Australian Business Operations
The Impact of Environmental Liability on Australian Business Operations
In today's ever-evolving business landscape, the significance of environmental sustainability and legal accountability is increasingly paramount. Australian enterprises, in particular, are encountering a growing need to understand and manage environmental liability. This reality not only influences corporate image but also carries substantial financial and legal ramifications. - read more


Start Here !
Your free liability insurance quote comparison starts here!
Cover Amount:
Postcode:

All quotes are provided free and without obligation. We respect your privacy.

Knowledgebase
Surrender Value:
The amount of money an insurance policyholder will receive if they voluntarily terminate the policy before it matures.