Statutory Liability Insurance
Limit the damage of unintentional legislative breaches
Statutory Liability Insurance can protect your organisation and its individuals from penalties and fines for unintentional breaches of legislation.
If you're ordered by a regulatory body to pay a monetary penalty and/or legal expenses, this insurance can help cover your costs.
Cover for penalties imposed under:
Work Health and Safety legislation*
Corporations Act 2001 (Cth) (some exceptions apply)
Australian Securities & Investments Commission Act 2001 (Cth)
Competition and Consumer Act 2010 (Cth)
Environment Protection legislation
Features:
Covers penalties and prosecution as well as defence legal costs
Up to $2 million cover
How does statutory liability insurance work?
Statutory Liability Insurance in action
A student drowns while swimming in a pool with classmates and teachers during a school camp.
A WorkSafe investigation is launched to find out who or what was responsible.
Because the school has Statutory Liability Insurance, CCI appoints lawyers to represent the school and the teachers who were present when the student drowned.
WorkSafe finds no fault, no prosecution is made, and the legal costs, amounting to $175,000, are covered by CCI.
Need help to reduce your statutory liability risks?
CCI's Risksupport team is dedicated to helping you minimise risks. As a valued CCI client, we can help you create safe and secure workplaces, and protect your property and assets.
We've developed a range of Risksupport tools and resources to help you reduce the chances of accidents, injury or interruption to your valuable services.