Statutory Liability insurance protects your business from fines, penalties and reparation imposed by the courts for unintentional breaches of most laws in New Zealand. It also covers the legal costs of investigating and defending claims. Common claims arise from breaches of Resource Management Act, Health & Safety in Employment Act, Building Act, Commerce Act, Fair Trading Act and so on.
Statutory Liability insurance covers legal defence costs, as well as any reparation and/or (excluding Health & Safety Act breaches) fines you become liable to pay.
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