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Body Corporate Insurance Glossary

Statutory Liability

Statutory liability cover responds to fines and defence costs for unintentional breaches of New Zealand statutes by the body corporate or its committee — for example, Health and Safety at Work Act, Resource Management Act, or Building Act breaches. Deliberate breaches and certain regulatory matters are excluded.

Statutory liability is increasingly relevant for body corporates because the Health and Safety at Work Act 2015 places duties on bodies corporate as PCBUs (Persons Conducting a Business or Undertaking) where common areas are accessed by contractors and the public.

Common claim triggers: contractor injuries in common areas, asbestos handling on older buildings, swimming pool compliance, and fire safety system failures.

Related terms

Office Bearers' Liability

Office bearers' liability cover (sometimes called committee liability or directors & officers cover for body corporates) protects committee members from personal liability for decisions made in their role on the body corporate committee. It typically responds to claims of mismanagement, breach of duty, or negligent decision-making.

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