Asbestos Liability Insurance
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Is Asbestos Liability Insurance expensive
Last Updated: June 29, 2025Asbestos Liability Insurance is generally more expensive than standard Public Liability Insurance due to the high-risk nature of asbestos-related work. Premiums are influenced by several factors, including: Your business turnover or fee income The type and scope of work you carry out Whether you hold an asbestos removal licence Your experience in the industry Any previous claims or known exposures The limit of cover you require While pricing varies, here are some general indicators: Asbestos Public Liability Insurance: Starting from $6,000 to $8,000 per year for $10 million cover Asbestos Professional Indemnity Insurance (for environmental consultants, air monitoring, clearance certificates etc.): Starting from $2,750 to $3,750 per year for $1 million cover These are minimum premiums based on typical industry risks. Your actual premium will depend on your business profile and insurance history. Only a limited number of insurers offer asbestos-related cover, as asbestos is excluded by most standard policies. This limited availability also contributes to the higher pricing. Contact us if you would like an accurate quote or guidance on completing the relevant proposal forms.
What are common exclusions in Asbestos Liability policies
Last Updated: June 28, 2025Asbestos Liability Insurance policies can vary between insurers, but there are several common exclusions to be aware of. Typical exclusions may include: Claims related to known incidents or exposures that occurred before the policy commenced and were not disclosed Work that falls outside the scope of your licensed asbestos activities Pollution or contamination that is not related to asbestos Deliberate non-compliance with health, safety, or environmental regulations Contractual liabilities beyond what the policy is designed to cover Even if a policy includes asbestos liability coverage, this does not mean that all asbestos-related claims are automatically covered. The insurer will still apply the standard terms, conditions, and exclusions of the policy. You must continue to operate within the scope of your licence and comply with all regulatory and policy requirements to ensure cover remains valid. Contact us if you are unsure about what is or isn’t covered under your policy.
What limit of Asbestos Liability cover do I require?
Last Updated: June 29, 2025The appropriate limit of Asbestos Liability Insurance depends on several factors, including: The type of work you do The level of risk involved in disturbing asbestos The size and nature of the sites or projects you work on The potential for personal injury, property damage, or environmental contamination Asbestos-related claims can be substantial, particularly when multiple parties are involved or legal action is initiated. Higher limits are generally recommended for businesses that: Work on older buildings where asbestos is more likely to be present Operate in sensitive or high-traffic environments such as schools, hospitals, or public buildings Take on large-scale or government-related projects You may also need to hold a minimum level of cover to satisfy contract requirements set by clients, head contractors, or government departments. We currently offer Asbestos Liability cover with limits of $10 million or $20 million, depending on your business needs and risk profile. Contact us if you’re unsure which option is appropriate for your work.
Can I get cover if I’m not licensed for removal
Last Updated: June 28, 2025If you are carrying out asbestos removal work, most insurers will require proof of a valid asbestos removal licence before they will offer cover. However, if you are not licensed but may accidentally disturb asbestos during other types of work, such as: Renovation or refurbishment Demolition General maintenance or trade work Then, the cover may still be available under an Asbestos Liability or Pollution Liability policy, depending on the nature of the work. This also applies to consultants, hygienists, and environmental professionals who work in or around areas contaminated with asbestos. Even if you are not physically handling or removing asbestos, you may still be exposed to liability risks due to your involvement in site assessments, reporting, or advice. Insurers assess each case individually. Your licensing status, the type of work you perform, and your role in the project will all influence whether cover can be offered. Contact us to determine if insurance is available for your specific situation.
What does Asbestos Insurance cover
Last Updated: June 28, 2025Asbestos Liability Insurance is designed to protect your business from claims that arise due to the accidental disturbance, handling, or presence of asbestos during your work. Depending on the policy, cover may include: Legal defence costs Third-party claims for injury or illness from asbestos exposure Property damage caused by asbestos contamination Clean-up or site remediation expenses (if included) Costs related to regulatory investigations or compliance actions Each policy is different, and coverage will depend on the specific terms, limits, and exclusions applied by the insurer. If your work involves any risk of disturbing asbestos, it’s important to review your cover carefully to ensure you are correctly protected. If you need assistance, please contact our team.
Who needs Asbestos Liability Insurance
Last Updated: June 28, 2025Asbestos Liability Insurance is important for any business that may disturb or be exposed to asbestos during the course of their work. This often includes trades such as: Building and construction Demolition Renovation or refurbishment Plumbing and electrical work Environmental and site remediation services Even if you are not licensed to remove asbestos, you can still be held responsible if your work disturbs it. Exposure can result in: Health-related claims from workers or third parties Expensive site clean-up and decontamination costs Legal action due to non-compliance with safety regulations Fines & other penalties If you work on older buildings or sites where asbestos may be present, it is worthwhile to review your risk. Speak with us to assess whether Asbestos Liability Insurance is suitable based on your trade and typical job environments.
What is Asbestos Liability Insurance
Last Updated: June 19, 2025Asbestos Liability Insurance provides cover for businesses that may face risks associated with asbestos exposure, whether through handling, removal, accidental disturbance, or contamination during other work activities. Standard public liability, motor vehicle, and workers’ compensation policies generally exclude claims related to asbestos. If your work involves buildings constructed before asbestos bans (December 2003 in Australia), Asbestos Liability cover is worth serious consideration, even if you’re not an asbestos removalist. Any tradesperson on site can inadvertently disturb asbestos. Asbestos Liability can help protect against claims for personal injury, property damage, or environmental cleanup costs resulting from accidental exposure or disturbance. Policies are typically tailored to the type of asbestos risk and the industry in which you operate. Webber Insurance is a specialist in dealing with asbestos-related insurance. Contact our team for assistance with any questions you may have.