statutory liability

Statutory Liability Insurance is a product that has been developed to protect companies and individuals against liability for statutory fines and penalties as well as court costs and defense costs, which result from a breach of legislation.

 

Companies and individuals could be held responsible not only for their own actions but also for those of others. The company and/or it’s Directors, Principals, Partners and employees may incur a fine for the unauthorised or irresponsible actions of its contractors, agents or other directors, partners or employees.

 

A Statutory Liability insurance policy may cover such things as:

  • Fines

  • Costs and Expenses to defend the imposition of a fine

  • All Acts administered by Commonwealth, State and Local Government

 

For more information about Statutory Liability insurance, please contact your local Regional Insurance Brokers office or submit an online enquiry