upcover business insurance review

Get a upcover cyber & privacy liability quote

Name	Product	Cyber Incident Response	Data Extortion	Data Restoration Costs	Cyber Crime	Business Interruption	Levels of cover
upcover Business Insurance							$200,000 $1,000,000 $5,000,000	View details		loading Fetching your data...

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What types of cover does upcover offer?

• Allied Health Professionals Insurance: Cover designed to support health and care workers, including fitness and wellness professionals.
• Public & Products Liability Insurance: Essential cover third party product liability insurnace that all business should have!
• Professional Indemnity Insurance: Cover designed to protect from claims or allegations of misconduct or negligence.
• Cyber & Privacy Liability Insurance: This protects you from the financial fallout of cyber attacks, which are becoming too common.
• Management, Sole traders and Association Liability Insurance: Covers you from a range of risks around business structures, like partnerships.

Make sure you read the PDS

2022 Finder research shows that 23% of Australians can't be bothered reading the product disclosure statement. It may be boring but it's worth it in the long run.

A cyber crime happens every 8 minutes in Australia and can absolutely devastate a business if they are not adequately prepared or covered for it. Cyber insurance refers to common forms of cyber security breaches, and can include cover for ransomware, data breaches, privacy breaches or personally identifiable information as well as litigation that might arise from a cyber security breach.

Skye Theodorou
Co-founder & CEO at upcover

Review: upcover online application

upcover makes a big point about how easy the online application process is, so I gave it a try for my passion project. I put in the type of business I run, music composition, and my yearly revenue. Yo be clear, I multiplied my actual income by about 100 to make the quote more reasonable. One of these days...

The screenshot below is the quote I got. upcover recommended Cyber & Privacy Liability cover, but didn't offer professional indemnity for my work. I tried a few different professions and it had different cover types for things like doctors or fitness instructors.

Overall, it was a pretty nice experience, especially getting a quote in less than 15 seconds. If things were ever to pop off and I needed cyber cover, I'd definitely get a more detailed quote.

Frequently asked questions

• How to make a claim on your upcover business insurance?

  To make a claim on your upcover Business Insurance, you can access the online claim form on its website. Here are a few points to be aware of before making a claim:

  • Notify upcover of the event as soon as reasonably possible
  • Take measures to avert or minimise loss or damage even if it's covered
  • Prepare copies of any supporting documents that may be useful including legal documents, communication and photographs
  • Work with upcover in any investigation, negotiation, defence or settlement of any claim
  • Don't appoint lawyers, admit liability or attempt to settle or defend any claim without speaking to upcover first
  • Don't release other parties from liability
  • Comply with your policy terms and conditions

• What company underwrites upcover's business insurance?

  Upcover insurance products are backed by Professional Risk Underwriting Pty Ltd (ProRisk).

• What types of insurance are compulsory for Australian businesses?

  Each business will have different needs depending on the type of service or products offered, but generally, you're required to have at least third-party personal injury insurance and worker's compensation insurance if you have any employees.