Stat·u·to·ry
Businesses, company directors and managers being held responsible for what happens in their business or workplace.
Decided or controlled by law More and more businesses, company directors and managers are being held responsible for what happens in their business or workplace.If you, your business or employees are facing fines, penalties or reparation costs for unintentionally breaching NZ legislation, Statutory Liability Insurance is the protection you’ll wish you knew you needed.
- Protects your employees as well as the owners, directors, trustees and managers
- The cost of defending an alleged breach
- Legal representation at an investigation or enquiry
- Any fines or cash penalties (following conviction) for a statutory offence, other than fines under the Health & Safety at Work Act.
Decided or controlled by law More and more businesses, company directors and managers are being held responsible for what happens in their business or workplace.If you, your business or employees are facing fines, penalties or reparation costs for unintentionally breaching NZ legislation, Statutory Liability Insurance is the protection you’ll wish you knew you needed.
- Protects your employees as well as the owners, directors, trustees and managers
- The cost of defending an alleged breach
- Legal representation at an investigation or enquiry
- Any fines or cash penalties (following conviction) for a statutory offence, other than fines under the Health & Safety at Work Act.
Q. Who needs Statutory Liability insurance?
Lisa says: In our view, anyone who operates a business in New Zealand needs cover for Statutory Liability. Simply because, every business needs to operate within the law – particularly the Companies Act, Fair Trading Act, and the Health & Safety at Work Act.
Q. How much cover do I need?
Lisa says: With the current range of laws and levels of fines your business is exposed to, we find a limit of $1,000,000 plus $1,000,000 for defence costs is a good level for most New Zealand businesses.
