Almost every Australian business operates under legislation and regulations.

The significance of Statutory Liability Insurance depends on the nature and extent of the regulatory exposure.

What businesses can have substantial exposure? #

Examples include businesses operating in:

• Construction.
• Manufacturing.
• Transport.
• Labour hire.
• Property.
• Professional services.
• Food and hospitality.
• Environmental services.
• Technology.
• Retail.

Why can construction businesses have exposure? #

Construction businesses can operate under extensive legislation concerning matters such as:

• Workplace safety.
• Environmental protection.
• Licensing.
• Employment.
• Building activities.

An incident can potentially result in both civil liability and regulatory investigation.

What about office-based businesses? #

Regulatory exposure is not limited to physical workplaces.

Professional and office-based businesses can still face obligations relating to:

• Employment.
• Privacy.
• Consumer laws.
• Corporate regulation.
• Workplace safety.

Is Statutory Liability compulsory? #

No.

It is generally an optional insurance consideration.

What if Management Liability already includes it? #

Many Management Liability policies contain a Statutory Liability section.

Webber Insurance can review:

• Existing limit.
• Covered legislation.
• Important exclusions.
• Whether a standalone policy is warranted.

Avoid duplicating cover without first reviewing the existing policy.