Statutory Liability*

Statutory Liability insurance covers the company, senior management and employees for allegations of wrongful breaches of key legislation in the course of the Insured’s business. The policy will meet fines and penalties payable in specified circumstances and related legal expenses

Did you know?

Statutory Liability generally insures the cost of fines and penalties, as well as pollution liability defence costs.

What’s typically covered?

  • Costs and expenses incurred from official investigations and inquiries
  • Fines and penalties as detailed in the policy wording
  • Pollution Liability defence cost

What’s typically NOT covered?

Loss arising from any claim against you for:

  • Civil liability as a result of compensation claims by third parties
  • Wrongful breach relating to the regulation of air, marine or motor traffic
  • Asbestos
  • Fines and penalties caused by:
      • Dishonest, wilful, intentional or deliberate wrongful breach
      • Wilful, intentional or deliberate failure to comply with lawful notice, direction, enforcement action or proceeding under any Act
      • Your gross negligence or recklessness
      • Requirement to pay taxes, rates, duties, levies, charges, fees or any other revenue or impost
  • Fraud and dishonesty
  • Joint ventures
  • Pollutants (other than those set out in the policy wording)
  • Prior or pending claims
  • Property damage
  • Criminal offences
*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.

Things to consider

Is your business at risk of inadvertently breaching any Acts administered by Commonwealth, State or Local Government?