There is a high level of risk associated with demolition and the removal of asbestos, and as a result, a specialist insurance product is required, arranged by a broker with extensive industry knowledge.
Marsh’s demolition and asbestos removal facility provides a range of coverage options for this unique area of the construction industry. A recent enhancement to this product has been the ability to offer a $20 million limit for asbestos liability, as well as cover for the transportation of asbestos.
Who do we cover?
As part of our specialist insurance facility, Marsh can arrange cover for the following occupations / business activities:
Demolition
Asbestos removal
Excavation
Earthmoving
Strip outs
Salvage and salvage sales
Shoring and underpinning
Ancillary activities
Our demolition and asbestos removal facility can cover:
Public and products liability
limit up to $20 million
Asbestos liability
limit up to $20 million
Errors and omissions
limit $500,000
Statutory liability
limit $1,000,000
What are the features of the product?
As part of a demolition and asbestos removal facility, clients can receive:
Cover for transportation of asbestos
Cover for shoring and underpinning
Occurrence Based Wording except for Asbestos Removal
Asbestos removal claims made wording
Reimbursement of defence costs, in addition to limit of indemnity
