The newly launched insurance offers limits of up to $20 million and covers a range of services such as IV infusions, cosmetic injectables, and respite care. It also addresses risks associated with physical injury, errors of judgment, negligence, defamation, and breaches of privacy legislation due to the loss of personal information.
Upcover's CEO and co-founder, Skye Theodorou, highlighted that the product is designed to meet the requirements set by the Australian Health Practitioner Regulation Agency (AHPRA). With over 350,000 nurses in Australia, this tailored insurance solution aims to fill a significant gap in the market by offering coverage that aligns with the specific risks and responsibilities inherent in the nursing profession.
For nursing professionals, having appropriate insurance coverage is crucial to protect against potential claims arising from their professional duties. Upcover's offering provides a streamlined and accessible option, with monthly payment plans available to accommodate the financial considerations of nurses at various stages of their careers.
This development reflects a growing trend in the insurance industry towards creating specialised products that cater to the distinct needs of different professional groups. By focusing on the unique risks faced by nurses, Upcover demonstrates a commitment to supporting healthcare professionals with relevant and comprehensive insurance solutions.
