Income Insurance Australia :: News
SHARE

Share this news item!

Upcover Unveils Comprehensive Management Liability Insurance for Australian SMEs

New Product Aims to Safeguard Small Businesses Against Diverse Risks

Upcover Unveils Comprehensive Management Liability Insurance for Australian 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.

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.

With premiums starting at $780 per year for a $1 million coverage limit, Upcover's management liability insurance is tailored to meet the unique needs of SMEs and sole traders. The product offers coverage limits of up to $10 million, ensuring that businesses of various sizes can find a policy that suits their requirements.

Skye Theodorou, CEO and Co-Founder of Upcover, emphasized the importance of accessible and tailored insurance solutions for small business owners. "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 products for the Australian market. The company's new management liability insurance is underwritten by ProRisk under an 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 offerings to include tools of trade, glass, and personal accident cover within the year. The company already provides a range of insurance products, including professional indemnity, public and products liability, cyber privacy liability, COVID bounce-back insurance, and commercial motor insurance. Notably, Upcover also offers specialized professional indemnity and public liability insurance for nurses, demonstrating its commitment to catering to diverse professional needs.

For Australian SMEs and sole traders, the introduction of Upcover's management liability insurance represents a significant step towards mitigating the myriad risks associated with running a business. By offering comprehensive coverage at competitive rates, Upcover aims to empower business owners to operate with confidence, knowing they are protected against potential legal and financial challenges.

Published:Tuesday, 4th Nov 2025
Source: Paige Estritori

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

Share this news item:

Insurance News

Consumer Credit Insurance Decision: AFCA Rules Against Refund Request
Consumer Credit Insurance Decision: AFCA Rules Against Refund Request
04 Nov 2025: Paige Estritori
An Australian man seeking a refund on his paid premium for consumer credit insurance (CCI) has been denied by the Australian Financial Complaints Authority (AFCA). The man argued the insurance was mis-sold to him, claiming he was led to believe the coverage was essential when he acquired it with his credit card in 2015. - read more
Qantas Travel Insurance Honoured with Mozo Experts Choice Award 2024
Qantas Travel Insurance Honoured with Mozo Experts Choice Award 2024
04 Nov 2025: Paige Estritori
Qantas Travel Insurance has been recognised in the 2024 Mozo Experts Choice Awards for Travel Insurance, showcasing its exceptional value for their Annual Multi Trip Travel Insurance policy. - read more
SCTI Highlights Top 10 Costliest Travel Insurance Claims of 2024
SCTI Highlights Top 10 Costliest Travel Insurance Claims of 2024
04 Nov 2025: Paige Estritori
Southern Cross Travel Insurance (SCTI) has unveiled its top 10 most expensive international travel claims made by Australian travellers in 2024, shedding light on the significant financial risks associated with unforeseen incidents abroad. - read more
Significant Rise in Home Insurance Premiums Poses Challenges for Australian Homeowners and Lenders
Significant Rise in Home Insurance Premiums Poses Challenges for Australian Homeowners and Lenders
04 Nov 2025: Paige Estritori
Recent reports indicate that Australian home and contents insurance premiums have surged by up to 65% over the past five years. This substantial increase is outpacing both general consumer inflation and wage growth, leading to significant financial strain for homeowners and potential risks for mortgage lenders. - read more
Insurance Council Advocates for Strata Law Reforms to Mitigate Rising Premiums and Building Defects
Insurance Council Advocates for Strata Law Reforms to Mitigate Rising Premiums and Building Defects
04 Nov 2025: Paige Estritori
The Insurance Council of Australia (ICA) has called for urgent reforms to strata laws in response to escalating insurance premiums and the financial burden of building defects, which are costing residential apartment owners approximately $1.3 billion annually. - read more


Life Insurance Articles

The Role of Rehabilitation Benefits in Income Protection Insurance
The Role of Rehabilitation Benefits in Income Protection Insurance
When the unexpected strikes, such as an illness or injury hindering our ability to earn a living, the financial repercussions can be devastating. This is where income protection insurance becomes a pivotal part of our financial safety net, ensuring a stream of income during challenging times. - read more
Illness and Your Finances: Strategies for Continuous Income Flow
Illness and Your Finances: Strategies for Continuous Income Flow
When illness strikes, the impact on your finances can be as significant as on your health. Maintaining continuous income flow during such times is crucial for financial stability. - read more
Comparing Income Protection Policies: What Australians Should Look For
Comparing Income Protection Policies: What Australians Should Look For
Income protection insurance serves as a financial safety net for countless Australians, offering a replacement income when unforeseen circumstances such as illness or injury impede their ability to earn. For the self-employed and entrepreneurs who may not have the safety nets offered by corporate employment, such protection is particularly important. - read more
Common Pitfalls in Income Insurance Claims and How to Avoid Them
Common Pitfalls in Income Insurance Claims and How to Avoid Them
Income insurance is a critical component of financial planning, offering a safety net when life's uncertainties impact your income stream. It ensures that you can continue meeting your financial obligations even if you're unable to work due to illness or injury. This peace of mind is invaluable, especially in an unpredictable job market. - read more
Preparing for the Unexpected: Why Income Protection is Essential for Financial Security
Preparing for the Unexpected: Why Income Protection is Essential for Financial Security
Life's unpredictability can often bring unforeseen challenges, particularly when it comes to our finances. One day you might be climbing the career ladder, the next you could find yourself unable to work due to illness or injury. This is where income protection insurance steps in, serving as a financial safety net that ensures you can continue to meet your living expenses, even when the unexpected happens. - read more


Start Here !
disability protection
Apply now for your free Insurance assessment and price comparisons!

Start Here

Monthly Income Benefit:
Postcode: