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Upcover Introduces Management Liability Insurance for Australian SMEs

New Insurance Product Offers Comprehensive Protection for Small Businesses and Sole Traders

Upcover Introduces 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 unveiled a new management liability insurance product designed specifically for small and medium-sized enterprises (SMEs) and sole traders in Australia.
This offering aims to provide comprehensive protection against a range of risks that business owners may face.

The management liability insurance covers various exposures, including employment disputes, investigations by official bodies, tax audits, financial crimes, statutory liabilities, allegations of legal breaches, entity and employment practices liabilities, investigation costs, and comprehensive crime coverage.

With premiums starting at $780 per year for a $1 million coverage limit, the product is accessible to a wide range of businesses. Coverage limits extend up to $10 million, catering to the diverse needs of SMEs and sole traders across different industries.

Upcover's CEO and Co-Founder, Skye Theodorou, emphasized the importance of this offering, stating that the cost of litigation defence can be devastating to Australian business owners and sole traders who lack adequate coverage. The company's mission is to create tailored insurance options that simplify the purchasing process for business owners.

Founded in 2019, Upcover has been proactive in expanding its insurance solutions, including professional indemnity, public and products liability, cyber privacy liability, and commercial motor insurance. The introduction of management liability insurance aligns with Upcover's commitment to providing comprehensive and accessible insurance products for the Australian SME sector.

Published:Monday, 9th Feb 2026
Source: Paige Estritori

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

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Knowledgebase
Public Liability Insurance:
A very broad term for insurance covering liability exposures for individuals and business owners. It provides broad coverage, generally including all exposures for property damage and bodily injury.

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