Asbestos 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.