Asbestos Liability Insurance.

Tailored cover for demolition and asbestos removal

Demolition and asbestos removal contractors need Asbestos Liability Insurance due to their exposure to asbestos materials. Asbestos fibers can cause serious health issues like lung cancer and mesothelioma. Asbestos Liability Insurance covers contractors’ liability for removing, abatement, transporting and disposing of asbestos material.

We help contractors and business owners get covered for asbestos removal, even though many insurers don’t offer it. We are able to confidently provide policies thanks to our strong relationships and access to various insurers.

There’s no need to look for insurance choices for days on end. We make it simple by providing you with the most affordable options immediately.

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What you need to know about

Obtaining Asbestos Liability Insurance For Your Business

Demolition and asbestos removal contractors need asbestos liability insurance. Due to the nature of this business, obtaining asbestos insurance for demolition and asbestos removal companies may be difficult and occasionally expensive. 

Many insurance companies exclude coverage for asbestos-related activities; not all normally provide insurance policies relating to asbestos. This emphasise how important it is, if you are involved in such operations, to have specific asbestos removal insurance coverage. 

Asbestos incidents can lead to claims from multiple parties, such as employees, customers, and other third parties. Asbestos Liability insurance policies typically cover these types of claims, which have a distinct limit that specifically applies to your Public Liability Insurance. Removal of asbestos is challenging, so having the right insurance in place is essential to maintain financial security.

We specialise in handling asbestos-related businesses and know the ins and outs of the industry. Our top priority is to provide maximum benefits to our policyholders, and with over 300 approved markets, we can secure the best policy for your business. 

We’re here to cater to all your insurance needs and ensure proper coverage while informing you about your policy. Please consider us an extension of your business, dedicated to keeping you protected and confident.

Why Priority Insurance Brokers?

Why should you use Priority Insurance Brokers to arrange your Asbestos Liability Insurance?

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Why you should have a tailored asbestos liability insurance policy?

Having the appropriate insurance coverage is essential for demolition and asbestos removal professionals who work with asbestos-containing materials. You run the risk of not being protected in the case of a claim if you don’t have proper insurance in place.

Due to its adaptability, asbestos was often used in the construction of buildings, however after being connected to significant health issues it is no longer used. As a result, many insurance companies no longer provide coverage for companies engaged in asbestos-related activity.

Did you know your truck insurer wants to know if you’re dealing with asbestos? This isn’t just for your safety, but theirs too. If your truck carrying asbestos waste were to tip over, they also risk being exposed.

This shows the importance of receiving guidance from a qualified insurance company that knows the complexities of asbestos and how to protect your organisation from serious accusations.

Need a Broker who can assist with Asbestos Liability Insurance? We've got you covered.

We understand that running a business takes a lot of work and as a business owner you’re expected to be across all of the different aspects of your business operation. We have tried to make our process as simple as possible and all of our Brokers work with each business owner to have a strong understanding of your business and what’s required to be in place to ensure that there are no nasty surprises. We pride ourselves on not hiding behind the fine print.

Your Asbestos Removal Insurance Questions Answered

Can you cover both Class A and Class B Asbestos removal companies?

We work with all asbestos removal companies around Australia. Our insurers provide cover for both Class A and Class B asbestos removal.

This could either be done by you, an employee or a sub-contractor. As long as they are licensed to perform the work and hold a separate policy.

Are there any specific exclusions in asbestos insurance?

Other than what is outlined in the PDS provided by the insurer most asbestos liability policies are quite straight forward and some common conditions or exclusions are:

  • Cover for the transporting and disposal of asbestos (this can generally be covered by adding a transport extension to your policy)
  • Exclusions for communicable diseases (this has become a common exclusion since the outbreak of COVID-19)
  • Cyber and date exclusions

Can asbestos insurance cover historical asbestos exposure claims?

Yes, most asbestos insurance policies are covered under a claims-made basis meaning that historical work will be covered by the current policy provided a valid policy was in place at the time and there has been no gaps in cover since. To learn more about occurance based policies, read our blog post on asbestos removal insurance.

Can I add asbestos coverage to my general liability insurance policy?

Yes, depending on your occupation some insurers will allow this or we can source a separate stand alone policy.

Most asbestos insurance policies will cover your liability for the removal, abatement, transport and disposal of asbestos material. As above, transporting and disposing can be applied and it is important to discuss your activities with your insurance broker to ensure all aspects of your work are covered.

Can asbestos insurance cover liabilities arising from third-party asbestos exposure?

Yes, asbestos liability policies are designed to cover your negligence which causes personal injury or property damage. In this case, personal injury can be health related injuries to a third party due to negligent acts of handling asbestos material.

No, fines and penalties are not generally covered by a liability policy.

Can asbestos insurance cover pollution caused by asbestos fibers?

No, generally speaking personal injury or property damage need to occur for the cover to respond. In some cases, insurers will apply a pollution liability extension to the policy which can cover this type of thing however, it is subject to the overall risk and insurers appetite.

What extra insurance do I require?

We frequently advise demolition and asbestos removal companies to take out additional insurance in addition to asbestos removal insurance. These comprise of:

  • Insurance for trucks and plants: this is crucial for safeguarding the vehicles and equipment that you use for your business.
  • Additional endorsements for asbestos removal or demolition work offer particular protection for the special hazards connected with these operations.
  • Professional indemnity insurance: If your company provides services like clearing certifications, air monitoring, or sample/testing, insurance against professional negligence can shield you against accusations of carelessness or mistakes in your professional job.
  • Management Liability Insurance: This type of coverage handles claims of management negligence and offers financial security in case of legal action.

As a business insurance broker, we specialise in building complete packages that combine several policies to offer the most affordable choices. We ensure that these policies are handled jointly, making them simple to maintain and guaranteeing that you have the required coverage for your particular demands, including asbestos removal covered by insurance.

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