Zurich has introduced a new commercial management liability product designed for SMEs with annual turnover of up to $50 million.

The offering, available through the Z.stream broker platform, differs from Zurich’s cover for larger companies.

“Cyber security and privacy cover come as part of the new… offering, making it attractive to the SME market,” Head of Financial Lines Marc Luginbuehl said.

He says flexible cover options reflect the unique nature of SME businesses, which face distinct and heightened risks compared with larger businesses.

“Increases in cyber attacks, unfair dismissal claims and penalties for work health and safety breaches can have disproportionate impacts on small and medium business.”

Brokers can now bundle up to seven types of management liability cover under a business insurance package through the Z.stream platform, which also offers policies and bundles across business travel and motor for SMEs.

Available covers include insured persons liability, company liability, employment practices liability, statutory liability, internal crime, internet liability and cyber security and privacy.