With regulators in Australia becoming more active, investigations, along with fines and penalties from allegations of wrongdoing are becoming much more common. To cover off this exposure, Statutory Liability Insurance is an important part of an insurance program.
Statutory Liability Insurance covers certain individuals and the company for investigations by regulators and the resulting fines and penalties that can be imposed on companies during the operation of their business. This includes privacy and work health and safety issues, just to name a few.
Austbrokers Professional Services has vast experience in placing Statutory Liability Insurance programs for entities of all sizes and in varying industries.