There is no single Asbestos Liability Insurance limit suitable for every business.

The appropriate limit depends on the activities undertaken, potential claim severity and any contractual requirements.

What should be considered? #

Factors can include:

• Type of asbestos-related work
• Friable or non-friable asbestos exposure
• Incidental asbestos exposure
• Project size and type
• Work locations
• Potential personal injury exposures
• Property damage and contamination exposures
• Annual asbestos-related turnover
• Client requirements
• Government or principal requirements
• Defence costs
• Policy sub-limits and aggregate limits

What about contractual limits? #

Contracts can specify minimum liability limits, particularly when working for:

• Government organisations
• Large builders
• Head contractors
• Councils
• Commercial property owners
• Infrastructure clients

The required contractual limit should be checked before accepting the work.

Meeting a contractual minimum does not necessarily mean the limit is appropriate for every exposure or that every contractual obligation is insured.

Available limits can also depend on insurer appetite and the activities being undertaken.

Contact our team if you would like help reviewing the Asbestos Liability limits available for your business.