Farm Insurance Australia :: 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

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.

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

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

Share this news item:

Insurance News

Urgent Call for Enhanced Farm Safety Amid Rising Fatalities
Urgent Call for Enhanced Farm Safety Amid Rising Fatalities
29 Oct 2025: Paige Estritori
In 2024, Australian agriculture faced a significant safety crisis, recording 72 farm-related fatalities-the highest in over two decades. This alarming statistic underscores the urgent need for enhanced safety protocols and awareness within the farming community. - read more
Soaring Insurance Costs Challenge Australian Farmers
Soaring Insurance Costs Challenge Australian Farmers
29 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
Revolutionising Crop Insurance with Satellite Technology
Revolutionising Crop Insurance with Satellite Technology
29 Oct 2025: Paige Estritori
In a significant advancement for Australian agriculture, Insurance Facilitators (IF), a family-owned underwriting agency, has introduced a data-driven crop insurance solution leveraging satellite technology. This innovative approach aims to address longstanding challenges in the industry, including premium leakage and risk accumulation, by providing more accurate and efficient risk assessments. - read more
Insuregroup's Milestone: Over 10,000 Policies Amidst Growing Truck Insurance Demand
Insuregroup's Milestone: Over 10,000 Policies Amidst Growing Truck Insurance Demand
29 Oct 2025: Paige Estritori
Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently achieved a significant milestone by processing over 10,000 insurance policies since its inception. This accomplishment includes a 25% year-on-year increase in policy count, highlighting the escalating demand for comprehensive truck insurance solutions among Australian freight operators. - read more
Escalating Collision Risks Challenge Australian Fleet Operators
Escalating Collision Risks Challenge Australian Fleet Operators
29 Oct 2025: Paige Estritori
Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims. This trend underscores the pressing need for fleet operators to adopt proactive risk management strategies and leverage advanced insurance solutions to safeguard their operations. - read more
FreightInsure's Innovative Embedded Insurance Solution Debuts in New Zealand
FreightInsure's Innovative Embedded Insurance Solution Debuts in New Zealand
29 Oct 2025: Paige Estritori
FreightInsure, an Australian-founded firm, has launched an embedded insurance platform in New Zealand, offering freight customers a more flexible way to cover goods in transit as part of the booking process. This 'pay-as-you-go' goods-in-transit insurance allows customers to instantly purchase mini policies covering each consignment for up to NZ$100,000 against loss or damage during transit, eliminating the need for underwriting annual or bulk marine policies. - read more
APRA Collaborates with Insurers on Total and Permanent Disability Challenges
APRA Collaborates with Insurers on Total and Permanent Disability Challenges
28 Oct 2025: Paige Estritori
The Australian Prudential Regulation Authority (APRA) is actively collaborating with the life insurance sector to tackle pressing issues related to total and permanent disability (TPD) insurance. This initiative follows the recent decision by Swiss Re to pause its new life insurance business in Australia until unresolved concerns regarding the sustainability, particularly around TPD products, are addressed. - read more
Insuregroup's Remarkable Growth Reflects Surge in Truck Insurance Demand
Insuregroup's Remarkable Growth Reflects Surge in Truck Insurance Demand
28 Oct 2025: Paige Estritori
Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently announced a significant milestone: processing over 10,000 insurance policies since its inception, with a 25% increase in policy volume over the past year. This growth underscores the escalating demand for comprehensive truck insurance solutions tailored to the unique needs of Australian freight operators. - read more
Envest Group's TLI Underwriting: A New Era for Heavy Motor Fleet Insurance
Envest Group's TLI Underwriting: A New Era for Heavy Motor Fleet Insurance
28 Oct 2025: Paige Estritori
Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialised insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia. - read more
NTARC Report Sheds Light on Human Factors in Major Truck Crashes
NTARC Report Sheds Light on Human Factors in Major Truck Crashes
28 Oct 2025: Paige Estritori
The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, providing updated insights into the primary causes of significant truck crashes across Australia. The findings underscore the critical need for targeted interventions to enhance road safety within the transport industry. - read more


Farm Insurance Articles

Tractors, Livestock, and Crops: Tailoring Your Farm Insurance to Fit Your Needs
Tractors, Livestock, and Crops: Tailoring Your Farm Insurance to Fit Your Needs
Welcome to the world of farming, where the fruits of your labor are as tangible as the soil you till. But just as the land is subject to the whims of nature, so too is the business of agriculture. This is where farm insurance becomes essential. Farmers face a set of challenges and uncertainties unlike any other industry, primarily due to the unpredictable forces of weather. - read more
The Digital Farmer's Guide to Insuring Your Agribusiness in the Tech Age
The Digital Farmer's Guide to Insuring Your Agribusiness in the Tech Age
Welcome to the defining era where technology and agriculture entwine, bringing forth the digital farmer's era. With the evolution of agribusiness in the tech age, comes an array of new tools, opportunities, and risks. As a custodian of the earth and steward of the latest innovations, safeguarding your digital farm is just as crucial as nurturing your crops and livestock. - read more
The Modern Farmer's Checklist for Assessing Farm Equipment Insurance Needs
The Modern Farmer's Checklist for Assessing Farm Equipment Insurance Needs
As the backbone of Australian agriculture, farm equipment plays an essential role in day-to-day operations across our expansive and diverse landscapes. From the vast wheat belts to the tropical fruit farms, machinery ensures efficiency and productivity in the face of constant challenges. But with reliance on such equipment comes significant risk—the financial burden of damage or loss can be devastating to a farmer's livelihood. - read more
Proven Strategies for Australian Farmers to Reduce Farm Insurance Premiums
Proven Strategies for Australian Farmers to Reduce Farm Insurance Premiums
Welcome to our comprehensive guide on navigating the complexities of farm insurance for Australian farmers. As an integral part of the agricultural industry, insurance provides a safety net that helps secure the livelihood of farmers against unpredictable events that can lead to financial hardship. From property damage due to natural disasters to loss of livestock or crops, having adequate farm insurance can make all the difference in keeping a farming operation afloat in times of crisis. - read more
Investing in Your Farm's Legacy: Estate Planning and Farm Insurance Combined
Investing in Your Farm's Legacy: Estate Planning and Farm Insurance Combined
Farming is much more than an occupation; it's a way of life and a heritage that often spans generations. In today's ever-evolving agricultural landscape, embracing modern practices while preserving your farm's future has never been more crucial. Estate planning emerges as a pivotal strategy for safeguarding your agricultural legacy, ensuring that your hard-earned investments and the land you hold dear are passed on according to your wishes. - read more
Insurance for Hobby Farms: Finding the Right Coverage
Insurance for Hobby Farms: Finding the Right Coverage
Hobby farming has become increasingly popular in Australia, with many individuals and families embracing the joys of growing their own produce, raising livestock, and enjoying a rural lifestyle. Whether it's a small vegetable garden, a few chickens, or a larger mixed farming operation, hobby farms offer both relaxation and a connection to nature. - read more
Farm Liability Insurance Costs vs. Benefits: Is It Worth It?
Farm Liability Insurance Costs vs. Benefits: Is It Worth It?
Farm liability insurance is a type of coverage that protects farmers from financial losses due to legal claims and lawsuits. This insurance is crucial for safeguarding your farm against various liabilities that may arise from farm operations. - read more
Building Resilience Against Natural Disasters: Practical Steps for Aussie Farmers
Building Resilience Against Natural Disasters: Practical Steps for Aussie Farmers
Australian farmers face an array of natural disasters that can threaten livelihoods and disrupt the delicate balance of agricultural ecosystems. From devastating bushfires and droughts to powerful storms and floods, these catastrophic events pose serious risks to the farming community. Understanding and preparing for these forces is not just about survival; it's about building a sustainable future for farms across the continent. - read more
How to Protect Your Harvest: Tips for Choosing the Right Crop Insurance
How to Protect Your Harvest: Tips for Choosing the Right Crop Insurance
Farming, at its core, is an enterprise fraught with uncertainty. Weather calamities, pests, diseases, and fluctuating market conditions can all impact the output and quality of produce. This is where crop insurance proves its worth, serving as a safety net for farmers against the myriad risks they face each season. - read more
Common Pitfalls to Avoid When Insuring Your Farm Equipment
Common Pitfalls to Avoid When Insuring Your Farm Equipment
In the world of agriculture, having the right insurance coverage is essential. Farming is a high-risk industry that deals with unpredictable elements, and insuring your farm equipment can safeguard your livelihood. - read more


Need a Quote?
Start your free farm insurance quote comparison here.
Farm Type:
Postcode:
All quotes are provided free and without obligation. We respect your privacy.

Knowledgebase
Insurance Deductible:
the amount that an insured is required to contribute toward an insurance claim as stipulated in an insurance policy. Otherwise known as the "policy excess".