Asbestos Removal Insurance
Asbestos was once viewed as an incredible innovation in building materials being strong, flexible, insulating, and cost effective. However, asbestos fibre exposure today can cause life threatening illnesses, environmental damages, and is a high risk within the liability insurance landscape. There are significant expenses, as well as health risks if asbestos fibres are released into the air during renovations, general maintenance, or demolition. Licenced asbestos professionals are then left with the tedious job of safely removing and disposing of the toxic material. Typically, Insurance provides have exclusions relating to damages caused by Asbestos.
However, our experienced team deals directly with specialist underwriters who handle Liability Insurance for Businesses that operate in this industry. Cover can be applied for a specific job, or an annualised policy if you regularly handle asbestos.
What is Public Liability Insurance?
Liability Insurance is a Business Insurance product which covers yourself and your business for financial loss relating to third party property damage or physical injury. In this instance, it can also extend to environmental damages and costs associated with compensation payouts. Liability in Australia generally falls under three tiers of cover; $5 million; $10 million; $20 million. If your situation is more unique, our brokers can look further into layering cover, or assist in applying for higher limits depending on individual underwriting capabilities. Liability Insurance also comes with excess levels, much like a motor vehicle insurance. Excess amounts must be paid at the time of a claim to release the addition funds. Excess amounts vary across policies and underwriters and our team is eager to help facilitate amounts that best suit you and your business.
Comprehensive Coverage
Our asbestos removal insurance coverage is designed to provide comprehensive protection for asbestos removal contractors, consultants, and businesses involved in asbestos abatement and remediation. We work with leading insurance providers to offer policies that address the inherent risks associated with asbestos removal. With our in-depth knowledge of the Australian insurance market and regulatory environment, we can guide you through the process of obtaining the necessary insurance coverage for your asbestos removal operations. We’ll help you navigate the complexities of insurance requirements and ensure that you have the right protection in place to safeguard your business, your employees, and the public.
Quick Quotes
Don’t take chances with inadequate insurance coverage when it comes to asbestos removal. Contact us today to learn more about our asbestos removal insurance options and take the first step toward securing comprehensive protection for your asbestos removal and demolition business.
Reach out to the team today to organise a Liability Insurance quote.