The cost of Asbestos Liability Insurance varies considerably between businesses.

There is no reliable standard premium that applies to every asbestos exposure.

What affects the premium? #

Factors can include:

• Exact activities
• Whether asbestos removal is undertaken
• Friable or non-friable asbestos work
• Incidental asbestos exposure
• Annual turnover
• Asbestos-related turnover
• Qualifications
• Experience
• Licensing
• Subcontractors
• Claims history
• Risk-management procedures
• Geographic areas of operation
• Required insurance limit

Why do premiums vary so much? #

An asbestos-removal contractor can present a substantially different risk from a plumber, electrician or builder whose asbestos exposure is incidental.

Environmental Consultants and Occupational Hygienists can also require different insurance structures from businesses physically removing asbestos.

Asbestos-related claims can involve significant:

• Personal injury
• Property damage
• Contamination
• Defence costs

Insurer appetite is also more limited for some asbestos activities than for ordinary Public Liability risks.

Premiums and underwriting appetite can change, so historic minimum premiums or indicative online pricing should not be relied upon.

Contact our team if you would like a current quotation based on your actual activities.