Health & Safety and Insurance
It is really important for businesses to have both a proactive and participative health and safety culture in their work place and also the right insurance cover for any potential breaches of the new legislation.
Crombie Lockwood has a dedicated team of specialists responsible for keeping up to speed with regulatory changes and how those changes might affect insurance policies and insurance cover.
While there is no specific insurance product available for Health and Safety the good news is there are existing liability insurance policies that provide protection; Directors and Officers Liability, Management and Statutory Liability.
Health and Safety at Work Act 2015
There should be no need to make any amendments to a Directors and Officers, Management or Statutory Liability insurance policy to ensure it will respond to claims brought for breaches of the Health and Safety at Work Act 2015.
One thing that the new Act has not changed is that actual fines remain uninsurable as they have been for some years.
The insurance policies offered by Crombie Lockwood do cover defence costs associated with a prosecution under the Act and also for any reparations that are awarded.
The legal costs of defending an action may well increase given that the new Act introduces much wider duties that have yet to be tested in court and because significantly more time and expense will be required to examine the validity of claims.
Crombie Lockwood has got you covered with a comprehensive solution for all your Health and Safety insurance needs. For more information please make an enquiry and one of our brokers will be in touch with you.
Workplace Risk Solutions
Of course a proactive and participative health and safety culture in the workplace is the best form of defence. This approach will reduce both the likelihood of any accidents and the potential for breaches under the Act.
Workplace Risk Solutions a division of Crombie Lockwood provides Health and Safety risk management services for small to medium-sized businesses, covering a broad range of industries across New Zealand.
The team at Workplace Risk Solutions have developed Safety Assist to:
- Reduce the risk of workplace injuries by ensuring your business has systems and processes for effective management of the risk
- To minimise the potential Liability exposure of prosecution and penalty in the event of an incident
If you’re starting from scratch, want to improve your existing Health and Safety systems or just need a one-off professional review Work Place Risk Solutions can help.
The team at Workplace Risk Solutions will work with you to put the right prevention systems and processes in place and the policies offered by Crombie Lockwood cover defence costs associated with a prosecution under the Act and also for any reparations that are awarded.
Health and Safety at Work Act Related Articles
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