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Statutory Liability
Statutory Liability insurance covers directors and companies for unintentional breaches of New Zealand legislation. Directors face personal fines under a wide range of Acts — the Companies Act 1993, the Health & Safety at Work Act 2015, the Employment Relations Act, the Resource Management Act, and others. Statutory Liability cover pays your legal defence costs and, where permitted by law, pecuniary penalties.
Typical premium: $500–$2,000/year
Get a Quote for Statutory Liability
Key Benefits
- ✓Covers fines and penalties under NZ statutes (where insurable)
- ✓Legal defence costs against regulatory prosecutions
- ✓Covers unintentional statutory breaches
- ✓Health & Safety at Work Act prosecutions covered
- ✓Companies Act and Employment Relations Act breaches covered
- ✓Often bundled into management liability policies
Who Needs This Cover?
- →All company directors in New Zealand
- →Directors of businesses with employees (H&S exposure)
- →Companies in environmental or resource-intensive industries
- →Directors in financially regulated industries
- →Anyone who could face a WorkSafe investigation
Typical Claims
📋 WorkSafe prosecution following a workplace injury
📋 Commerce Commission investigation for fair trading breach
📋 IRD audit resulting in director penalty
📋 Resource consent breach and RMA prosecution
📋 Employment Relations Authority penalty for ERA breach