Statutory Liability Insurance NZ

What is Statutory Liability Insurance?

Statutory liability insurance protects your business against the financial consequences of unintentional breaches of New Zealand legislation. If your business is investigated, prosecuted, or fined for a statutory offence, this insurance covers your legal defence costs and can help pay fines and penalties (where insurable by law).

New Zealand has extensive legislation that businesses must comply with, including the Health and Safety at Work Act 2015, Resource Management Act, Companies Act, Fair Trading Act, and many others. Breaches can result in significant fines, prosecution costs, and reputational damage.

What Does It Cover?

• Statutory fines and penalties (where insurable)
• Legal defence costs
• Investigation and inquiry costs
• Reparation orders
• Defence for wrongful prosecution
• Crisis management costs

Who Needs Statutory Liability?

Statutory liability insurance is important for all businesses in New Zealand, but especially those in regulated industries:

• • Construction and trades businesses
• • Manufacturing and warehousing
• • Healthcare and aged care facilities
• • Hospitality and food businesses
• • Environmental and resource management businesses
• • Financial services providers
• • Any business with employees

Typical Costs

Statutory liability insurance costs vary based on your industry, business size, and risk profile. Typical costs start from:

• • Small office-based business: From $600/year
• • Trades business: From $900/year
• • Manufacturing: From $1,500/year
• • Healthcare/aged care: From $2,000/year