Do I need Statutory Liability insurance?

Australian businesses are facing increased exposure to statutory fines and penalties handed down for breaches of legislation. There are thousands of laws administered by Commonwealth, State or Local Government that can result in a fine or penalty; many of those can find a Director personally liable.

Statutory Liability is therefore crucial for all business industries including manufacturing, construction, transport & logistics, engineering, retail & hospitality, as well as white-collar businesses such as banking & finance, sales and consulting.

What does Statutory Liability cover?

  • Penalties for breaches including Workplace Health & Safety, Consumer & Corporation laws, Employment Practices, Environmental Protection Authority (EPA), and Privacy laws
  • Fines for unintentional breaches of legislation
  • Incurred expenses
  • Legal costs

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