Statutory Liability
Business Insurance
Again aibGROUP has expert advisors to assist in providing protection for such situations. Statutory Liability Policy provides protection to businesses for:
- Defence costs associated with alleged breaches of the Building Act, Consumer Guarantees Act, Fair Trading Act, Privacy Act and most other statutes affecting commercial activities. Notable exceptions are police prosecutions and taxation legislation
- The costs of representation at an investigation or inquiry
- Any fine or cash penalty payable by the insured following conviction for an offence under the insured statutes, except under the Health and Safety in Employment Act
