/nz-en/products/liability/statutory-liability
Cover for fines, penalties and legal costs
Statutory Liability insurance provides coverage for businesses against legal liabilities arising from breaches of various acts of legislation. Examples of this can include violations of regulations related to health, safety and environmental laws.
By investing in this coverage, businesses can protect themselves from significant fines, penalties and legal costs, ensuring they remain compliant and financially secure in an increasingly regulated environment.
Key coverage
- Fines and penalties cover
- Legal costs
- Investigations cover
- Advancement of defence costs
- Work health and safety defence costs
- Enforceable undertakings cover (optional)
Unlike traditional liability insurance which typically covers common tort claims, statutory liability insurance specifically addresses the risks associated with failing to comply with legal requirements.
Risk appetite
Preferred risks:
- Professional services
- Information technology
- Allied health
- Accommodation
- Hospitality
- Architects and engineers
- Education
- Charities/not for profit organisations
- Sport and recreation
- Retail
- Transport, storage and freight forwarding
- Trade services
Declined risks:
- Agriculture / fishing / farming mining
- Amusement parks / tourism pharmaceuticals
- Occupations involved with asbestos, methamphetamine affected properties or tobacco
- Aviation
- Railways
- Construction wholesale / retail of trade products
- Medical and hospitals
- Utility providers
- Manufacturing work on watercraft over 10 metres
How to get a quote
WebRater
Instant quotations and bindings are now available through the WebRater for limits up to $5m and Insureds with up to $10m revenue.
Liability team
For larger or more complex risks, please reach out to our liability underwriting team.