Liability Insurance
Public/ Products (General) Liability: Covers legal liability to pay damages to third parties who have suffered property damage or personal injury because of the insured’s business activities. This includes damage or injury caused using the insured products. Cover includes associated defence costs.
Statutory Liability: Covers the legal defence if the insured is prosecuted for an unintentional breach of almost any New Zealand Act of Parliament. If convicted, it will also pay any penalties imposed (the main exception being Health and Safety at Work fines where indemnification is prohibited by law).
Employers Liability: Covers the insured against civil actions brought by employees who have sustained an accident or injury in the course of their employment. Whilst ACC picks up many workplace injuries, employees retain their right to sue for any injury outside the scope of ACC.
Directors & Officers: Provides protection to directors and senior management for wrongful acts committed whilst carrying out their duties associated with the management of the company. Coverage is provided for the costs of personal legal representation incurred by individual directors and officers in the defence of any civil or criminal proceedings and settlements by or judgments, including claimants’ costs awarded against directors and officers where no indemnity is given by the company.
Employment Disputes: Covers damages and costs arising out of certain employment related disputes such as wrongful termination, harassment and discrimination. Cover includes associated defence costs.
Crime/ Employee Theft: Protects against fraud, theft and embezzlement by employees. The policy reimbursees the business for loss of money, securities or other property (e.g. stock) due to the dishonesty of either employees or outside third parties.
Statutory Liability: Covers the legal defence if the insured is prosecuted for an unintentional breach of almost any New Zealand Act of Parliament. If convicted, it will also pay any penalties imposed (the main exception being Health and Safety at Work fines where indemnification is prohibited by law).
Employers Liability: Covers the insured against civil actions brought by employees who have sustained an accident or injury in the course of their employment. Whilst ACC picks up many workplace injuries, employees retain their right to sue for any injury outside the scope of ACC.
Directors & Officers: Provides protection to directors and senior management for wrongful acts committed whilst carrying out their duties associated with the management of the company. Coverage is provided for the costs of personal legal representation incurred by individual directors and officers in the defence of any civil or criminal proceedings and settlements by or judgments, including claimants’ costs awarded against directors and officers where no indemnity is given by the company.
Employment Disputes: Covers damages and costs arising out of certain employment related disputes such as wrongful termination, harassment and discrimination. Cover includes associated defence costs.
Crime/ Employee Theft: Protects against fraud, theft and embezzlement by employees. The policy reimbursees the business for loss of money, securities or other property (e.g. stock) due to the dishonesty of either employees or outside third parties.
