Liability

Liability

Insures you for your legal liability for accidental loss to the property of others or accidental injury to any other person in connection with your business.  It also provides cover for your legal defence costs.

What we cover

These are some of the benefits automatically included in the FMG Liability policy. 

In the event you do not renew or replace your policy, your cover will be automatically extended until 60 days after the period of insurance ends.

Covers your liability for levies, costs and losses under the Forest and Rural Fires Act 1977, up to $1,000,000. You can also choose a higher level of cover.

Covers your liability for accidental loss or injury arising from your use of your forklifts, fork hoists or fork trucks.

Covers your liability for accidental loss or injury in connection with your products, provided you’ve taken all reasonable steps to ensure that they are in good condition and fit for purpose. 

Up to $10,000 of cover for your liability for accidental loss to other people’s property that is in your care. 

Cover for punitive or exemplary damages awarded against you for accidental injury covered by this policy, up to $1,000,000 total for all events during the period of insurance. 

Optional extras

These are some of the Optional Benefits you can purchase for even more comprehensive insurance.

Cover for your liability as a bailee for accidental loss to the property of other’s that’s in your control at your premises. 

Covers your liability under the Carriage of Goods Act 1979 for ‘limited carrier’s risk’ resulting from accidental loss to goods you’re transporting in New Zealand.

Liability cover for accidental loss or injury as a result of your defective design, formula, pattern, plan or specification of your products. 

Covers your liability for compensatory damages as a result of an employee injuring themselves in connection with your business, provided this isn’t covered by the Accident Compensation Corporation. 

Up to $250,000 of cover in total for all events during the period of insurance for your liability as a result of a complaint or claim made against you following an actual or alleged mistake in the signing of a Record of Building Work for Restricted Building Work, which results in financial loss. Cover also applies for a claim following the supervision of Restricted Building Work undertaken by Non-licensed Building Practitioners, under the Building Act 2004.  You can also choose a higher level of cover.

Cover for your liability for accidental loss or personal injury in connection with your work with motor vehicles, internal combustion engines, watercraft not exceeding 8m in length, machinery or equipment and related accessories or fittings, while they are in your possession.

Covers your liability if you’re ordered to pay penalties following prosecutions for unintentional, negligent conduct in connection with your business under various statutes. Where there is cover under this benefit in respect of a health and safety infringement, we will pay up to $2000 for counselling costs.

What we pay

Some benefits have a maximum payment amount specified in the policy wording. All other payment limits will be set out in your insurance certificate.

For the Employer’s Liability, Licensed Building Practitioners and Statutory Liability Optional Benefits reasonable and necessary legal defence costs are included in the payment limits. For any other liability cover reasonable and necessary legal defence costs are on top of the liability limit, up to the value payable under the relevant benefit.  

Download policy

Please note this is only a summary of the product and is subject to our specific product documentation. For full details please download the policy wordings using the links below, or you can get a free copy by calling us on 0800 366 466.

 

Request an FMG advisor to make contact

Are you a current client of FMG?
I'm interested in (Please tick all that apply)