Statutory Liability Cover

Statutory Liability Cover

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Statutory Liability Insurance

... at law.Independent feedback from our customers rated our service at excellent. What does Statutory Insurance cover? Statutory Liability insurance is there to provide the financial protection for your business when it is ...

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Insurance by Industry

... Liability Insurance, Statutory Liability Insurance, Cyber Liability Insurance and Employers Liability ... your business today. * * As with any insurance, cover will be subject to the terms, conditions and exclusions ...

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BizCover and Massage New Zealand

... of this great offer. What it covers The package includes cover for Professional Indemnity , Public Liability , Statutory Liability and Employers Liability . Professional Indemnity Protects against financial loss ...

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Insurance for Shop Owners

... to take a nasty spill. Would you be able to cover the costs of an ensuing legal claim? You have a ... ! I have received a quote for public liability and statutory liability from Rothburys, and your quote has literally saved ...

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Insurance for Real Estate Agents

... and how they can help your real estate business. Building* – Covers you for loss and damage to buildings you own, as a ... • Ransom and extortion Statutory Liability With the ever-changing statutory landscape for the Real ...

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Insurance For Cafes and Restaurants

... out of their employment where the ACC does not provide cover (such as gradual impairment injuries). Statutory Liability Statutory Liability covers the company, senior management and employees for allegations of wrongful ...

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Insurance for Engineers

... changing legislation and any inadvertent breach of New Zealand Statutes can typically be covered by a Statutory Liability policy. The policy covers your legal defence costs as well as, in some cases, any fines incurred ...

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How Accountancy Insurance Protects Your Business

... claims of third-party accidental damage to property or injury (not covered by the ACC) resulting from you going about your business. Statutory Liability insurance : Business insurance that protects you, your business and ...

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BizCover and NSNZ

... Package for Nutritionists The NSNZ Liability package includes cover for Professional Indemnity, Public Liability, Statutory Liability and Employers Liability. Professional Indemnity - protects against financial loss ...

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Insurance for Mortgage Brokers

... an offense prescribed under an insured statute. What is covered? A Statutory Liability policy typically protects your business and employees by covering the following expenses: Defence costs related to alleged breaches ...

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Tips and Tricks for Massage Therapists

... Liability insurance can safeguard your business, as it protects you and your employees against unintentional breaches of certain statutory acts. It also covers investigation and defence costs, as well as fines or ...

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BizCover & NZTA

... theft and accidental damage. It can also provide cover for a reduction in revenue if your business is interrupted due to an insured event. Statutory Liability Insurance Protects your business against the costs associated ...

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BizCover and NZ Retail

... the public are injured (when not covered by the ACC) or sustain property damage as a result of the insured's negligent business activities. Statutory Liability* Statutory Liability** insurance protects you, your retail ...

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No Dramas

... or even accidental damage). It can also cover your portable equipment, and loss of revenue due to business interruption in specified circumstances. Statutory Liability Insurance* Protects you, your business and your ...

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Insurance for Plumbers

... taken against them by employees. Covered claims may relate to allegations of discrimination, unfair dismissal and sexual or workplace harassment. Statutory Liability* Statutory Liability insurance* protects you, your ...

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BizCover and Boost Your Business

... disasters and accidental damage. It can also provide cover for a reduction in revenue if your business is interrupted due to an insured event. Statutory Liability Insurance* Protects you and your business against the ...

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Priceme

... theft and accidental damage. It can also provide cover for a reduction in revenue if your business is interrupted due to an insured event. Statutory Liability Insurance* Protects you and your business against the costs ...

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BizCover and n3

... -party legal claims for property damage or personal injury (not covered by ACC) that arises due to your business operations. Statutory Liability protects your business against the costs of any inadvertent breaches of ...

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Cyber Liability Insurance

... dealth with made the process smooth and simple, considering we were feeling under pressure and stressed about getting Liability cover sorted ASAP! Thank you Lokesh Helen S. Person who did guide with the process was very ...

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Do I need Public Liability Insurance?

... , there are often some industry expectations when it comes to a minimum level of Public Liability cover for some businesses. For example, the construction industry will often require subcontractors and contractors to ...

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How much does Public Liability Insurance cost?

... to pay around $49 per month for Public Liability insurance. Also known as General Liability or Broadform Liability, Public Liability insurance is an essential form of cover for almost every type of business, from trades ...

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What is Public Liability Insurance?

... in damage to property Injury, illness or death due to your negligence that is not covered by the ACC What is covered? Public liability claims can be expensive. Even a seemingly small claim could cost you thousands of ...

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Public Liability Insurance

... rely on you to get the job done, a mistake in your line of work could be costly. Public Liability Insurance allows you to cover yourself if, and when, you do slip up in your day-to-day operations. Accidents can happen at ...

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Public Liability Insurance Explained

... and any compensation claims, leaving your business free of financial risk. Phew! Most public liability policies also extend to Product Liability cover. If you sell, supply or deliver goods, even in the form of repair or ...

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What does Public Liability Insurance Cover?

... and defence costs could be enough to potentially put you out of business for good. Public Liability commonly covers: The costs to repair or replace damaged property Compensation for personal injury or death to third ...

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Cyber Liability Insurance Explained

... , the kind of things it provides protection for, and much more! What does Cyber Liability insurance typically cover? Cyber liability insurance is a type of business insurance which protects your business against both the ...

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What does business insurance cover

... only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and ...

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Tradie Guide to Public Liability Insurance

... business? When you choose to reduce your tradie risk with tradie insurance such as Public Liability insurance you will be covered for instances of: Compensation for personal injury or death to third parties where the ACC ...

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Understanding Employers Liability Insurance

... keep them safe and protected. While there are many different types of insurances available to cover aspects of your business, Employers Liability insurance* is one which you may need to consider when you have a team of ...

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What does Public Liability Insurance Cover?

... add up and impact your business' financial situation. What is typically NOT covered by Public Liability insurance ? While Public Liability insurance covers your business for claims of negligence, you still need to take ...

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Employers Liability Insurance

... activities caused them injury or property damage or personal injury (not covered by the ACC). This includes defence costs cover. Is Employers Liability Insurance mandatory? It is always wise to check with your industry ...

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Insurance Options for Retailers

... by the ACC) caused by your products Some Public Liability insurance policies include cover for Product Liability cover. Money and Theft cover* Part and parcel of operating a retail store is the exchange of money within ...

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Insurance for Personal Trainers

... for any action taken against you for a combination of reasons. It includes Professional Indemnity and Public Liability cover to provide you indemnity for injury or damage caused by or arising from tuition instructions or ...

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Insurance for Tradies

... lost control and damaged the side of his client's house. Fortunately, the landscaper had Public Liability cover and his insurer quickly agreed that the third-party property damage arose out of the operation of ...

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Insurance for Allied Health Professionals

... NZ. If you're a member you'll save on your Professional Indemnity & Public Liability cover with our exclusive member rates. Insurance for Allied Health Professionals Professional Indemnity Professional Indemnity (PI ...

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What Are Independent Agreements For Contractors?

... or alleged negligent acts or omissions in the provision of your professional service or advice. Public Liability — Covers you if a third-party claims that your negligent business activities caused them injury or property ...

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Tradies Guide to Business Insurance Packages

... exposure to risks on the job. Public Liability cover can typically be purchased across four levels of cover: $1 million, $2 million, $5 million, or $10 million. Public Liability cover can generally be custom-built to fit ...

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What is Professional Indemnity Insurance?

... Information Technology (IT) contractors - IT professionals may seek Technology Liability , which combines PI with Public Liability cover. Management Consultants Accountants & Tax Agents Real Estate Agents And many ...

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Insurance for Beauty Salons

... you are renting your beauty salon space, check if your landlord requires you to have a particular level of Public Liability cover. How much would it cost to replace your stock, contents and salon equipment if it was lost ...

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Insurance for Handyman

... your business are operating in a professional manner may be advisable. The following are typically not covered by Public Liability insurance: Injury to you or your employees Damage to your own property, including tools ...

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A Mechanics Guide to Understanding SEO

Want to be in the know about SEO and help grow your mechanic business? Our easy to follow guide covers all the nuts and bolts of the basics to understanding what SEO is, how it works and ultimately how you can use some ...

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How Cyber Insurance Protects Small Businesses

... . Cyber liability insurance is a type of business insurance which protects your business against both the legal costs and expenses related to cybercrime incidents. Your coverage may generally include cover for expenses ...

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How tradies can take the pain out of claim time

... to getting the job done and losing them would be a disaster. Thankfully, Portable Equipment insurance * is there to cover you for loss and damage to your tools and stock due to theft, fire and other perils listed in your ...

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Scholarships

... DUAL, AIG, and QBE. With the option to include Professional Indemnity, Public Liability, and Business Insurance, we will ensure you get the best cover for your business at the right price. About the Scholarship As our ...

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Cyber Insurance - Is it worth it?

... large corporations. However, small businesses are also at risk. Make sure you have solid cyber liability insurance in place to cover your business in the eventuality it is hit. * This information is a general guide only ...

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Business Interruption Insurance

... . In extreme cases, they may even have to shut their doors for good. If you're unsure if Business Interruption cover is right for your business, it may help to ask yourself these questions: Do I have enough money on hand ...

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Tool and Portable Equipment Insurance

... small business owners. From tax tips to understanding the nitty gritty of Public Liability insurance, we've got your smoko break entertainment covered! What every New Zealand tradie needs to know about insurance Let's ...

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Understanding the risks for Real Estate Agents

... requirement it is worthwhile looking at your level of cover While the chance of making a claim is actually ... it as soon as the information arises or face possible liability for any issues. For example, if the agent was ...

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Reviews related to Statutory Liability Cover

  • You made the purchasing of public liability cover simply easy and straight forward

    Peter McLaughlin
    Trades & Services

  • It was so easy and great time saver, prompt delivery to obtain the Public Liability and Professional Indemnity I require as an Occupational Health and Safety Consultant and Practitioner. Other quotes took well over a week to come back to me. Definitely r

    Patricia Copp
    Consultancy Occupations

  • Very easy to get a quote and get cover. Great pricing and easy to understand.

    Ann-Maree Ozanne
    Accounting and Taxation

  • Efficient service with reminder notice well in time, when my cover was due to expire.

    PAMELA HARVEY
    Consultancy Occupations

  • Real easy to renew your cover and they email you a reminder.

    Joseph Caldwell
    Information Technology

  • They have competitive pricing but when selecting your insurance product you are completely on your own as the consultants do not provide any advice or recommendation regading the suitability of cover. That is of some concern if the kind of work you do isn

    Monique Princen
    Information Technology

  • Got my PI cover sorted within 15 mins over the phone.

    Kaushalya Samarasekera
    Information Technology

  • Very slick and quick service with a great premium price for the cover. All done on-line with no long forms to fill in.

    Stephen Hutchins
    Information Technology

  • The representative said that he wasn't sure if the situation I described was included in the insurance I selected and he would need to check with the under writer and call me back. I thought "yeah right" but he did call back very quickly and then my cover

    Quentin Duff
    Trades & Services

  • I found very efficant no hassle with doing quote or buying the cover

    Desmond Procter
    Trades & Services

  • Compared to the other quotes I was getting and poor customer service I was dealing with, BizCover were friendly and helpful, patient as I said I wasn't ready yet due to waiting for other insurance brokers who were terrible, BizCover kept trying to call bu

    Layla Dowthwaite
    Consultancy Occupations

  • All good and professional apart form the call back time. I was rushed into agreeing that I had read and understood things that I had not even seen. It would have been better to explain that the call was going to take over 10 minutes and there there were a

    Chris Boyce
    Information Technology

Statutory Liability Insurance For Your Business

New Zealand businesses are facing increased exposure to statutory fines and penalties handed down for breaches of legislation, with businesses, directors, and those in managerial positions being held more accountable and responsible for their actions in the workplace.

Statutory Liability Insurance protects you, your business and your employees, including directors, trustees and managers, against certain unintentional breaches of New Zealand Acts of Parliament. It covers the costs of representation in investigations for alleged breaches affecting commercial businesses, as well as defence costs, and fines or penalties payable following conviction for an offence under an insured statute.

What is Statutory Insurance*?

Statutory Liability Insurance protects you, your business and your employees, including directors, trustees and managers, against certain unintentional breaches of New Zealand Acts of Parliament. It covers the costs of representation in investigations for alleged breaches affecting commercial businesses, as well as defence costs, and fines or penalties payable following conviction for an offence under an insured statute in situations where the fines or penalties are permitted to be paid at law.

Independent feedback from our customers rated our service at excellent.

What does Statutory Insurance cover?

Statutory Liability insurance is there to provide the financial protection for your business when it is faced with a claim. These are some of the key areas that Statutory Liability insurance covers:

  • Defence costs associated with alleged breaches of statutory acts affecting commercial activities
  • The costs of representation at an investigation or inquiry
  • Fines or cash penalties payable by the insured following conviction for an offence under the insured statutes (unless the said Act forbids any fines and penalties to be insured)

Statutory Liability Claim Examples

This is a quick overview of some of the different types of claims where Statutory Liability insurance may provide protection to your business:

  • Investigations by the Commerce Commission
  • Investigations of workplace injuries
  • Environmental breaches, such as unintentional discharge of waste into public watercourse

Protect your business today.

What’s at risk if you don’t have Statutory Liability insurance?

Like other business insurances, they are designed to safeguard and protect your business from certain risks. Not having Statutory Liability insurance in place can potentially create added risk, worry and stress as business owner. If a claim were to occur, your personal finances could be in jeopardy to not only pay the compensation if awarded but the associated legal costs too.

Not only is there the financial side of things to consider, but also the potential damage to your business’ reputation, something you have worked long and hard at building.

These factors combined with the time spent away from your business to deal with the claim are all elements which could potentially see you closing your business doors for good. That’s why Statutory Liability insurance is there to give you peace and mind and protection.

FAQs

How much does Statutory Insurance cost?

There isn’t a one-size fits all price when it comes to Statutory Liability insurance policies. Each and every business is different with its own exposure to potential risks. Factors like the number of staff and the type of work your business conducts can impact the pricing of your policy.

To find out how much Statutory Liability insurance may cost your business get a quote today

What is the difference between Professional Indemnity and Statutory Liability Insurance*?

These two types of insurance are designed to cover different risks that your business may face.

Statutory Liability insurance protects against certain unintentional breaches of New Zealand Acts of Parliament.

Professional Indemnity insurance is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

What is the difference between Statutory Liability insurance and Public Liability insurance?

Public Liability insurance is intended to protect against different risks than what Statutory Liability insurance is designed for.

Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public are injured (and not covered by the Accident Compensation Commission (ACC) or sustain property damage as a result of your negligent business activities.

What is covered?

  • Compensation for accidental damage to third party property
  • Compensation for personal injury or death to third parties where the ACC does not provide cover
  • Legal and defence costs

What is typically NOT covered?

  • Injury to your employees
  • Damage to your own property
  • Compensation for personal injury whereby cover is provided by the ACC
  • Known claims and circumstances

Get more information

Whether it’s more details on business insurance policies or learning some new tips to help boost your business, our blog has something for types of businesses to enjoy.

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Our complete guide to business insurance goes through all the main types of business insurances and some of the key things you need to keep in mind when getting your policies sorted.

https://www.bizcover.co.nz/complete-guide-to-business-insurance/

10 Ways to help protect your small business

Let’s face it, as a small business owner you are always wanting to ensure your business has the best protection in place to keep it safe from life’s unseen challenges. Our guide takes a look at how you can help to keep your business safe in 10 simple steps

https://www.bizcover.co.nz/10-ways-to-help-protect-your-small-business/

* This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

^The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned.

Need Help?

Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. 

You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents.