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Business Insurance Solutions

Statutory Liability Insurance 

What is Statutory Liability Insurance?

Statutory Liability insurance covers you and your business (including your employees) for any fines, penalties or reparation costs you receive for unintentionally breaching NZ legislation (an Act of Parliament). Businesses, company directors and managers are increasingly being held responsible for what happens in their business or workplace, and protecting themselves with Statutory Liability insurance.  

What’s covered?

  • 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. 

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Commercial Risk Specialist, Lisa McLeod, answers your questions

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.

Think you might need Statutory Liability insurance?


From our clients

  • “I have used Meridian General for all my business insurance for the last 8 years. There have been several occasions where claims were made by me for various events. In all my 35 years dealing with insurance and claims, I have never had anyone so “in my corner” as I have with Meridian. I can’t say enough about how that makes you feel as a business owner.”
    Mark Whitecliff, MSO Graphix Plus Ltd
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Client stories

Professional Indemnity cover helped this client settle a $3.5m legal claim – read their story.