General Liability Cover Protecting Your Business
General Liability Cover protects your businesses legal liability protection from damage to third party property or bodily injury, legal defense protection and cover for fines for some breaches of statute and legal defense and court awarded settlements for employment law breaches.
In General Liability Cover has three optional covers;
General public and products liability
The most basic form of liability insurance is public liability. It provides legal liability protection from damage to third party property or bodily injury.
This type of cover is important for anybody who occupies or leases property in connection with their business, and/or provides a service away from their premises (such as a decorator, painter, motor mechanic, electrician, plumber).
Products liability cover is important for anybody supplying products such as a retailer, importer/exporter or manufacturer. Cover includes defense costs which are usually in addition to the limit of indemnity.
Public and products liability insurance is occurrence (event) triggered.
Statutory liability insurance
Statutory liability insurance provides legal defense protection and cover for fines for some breaches of statute, such as the Resource Management Act, Financial Reporting Act and Building Act. Occupational Health and Safety legislation prevents parties from insuring for workplace health and safety fines. Cover includes defense costs.
Statutory liability insurance is triggered when a claim is made.
Employment practice liability
Employment practice liability insurance provides protection for legal defence and court awarded settlements for employment law breaches. Cover includes defence costs.
Employment practice liability insurance is occurrence (event) triggered.
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