What we do for you:
At Construction Insure, we take great pride in our specialist knowledge and understanding of the asbestos industry as it’s an area most clients struggle to acquire the correct asbestos insurance coverage for all their activities and assets relating to their company.
Further to this, even major insurers within the market of commercial asbestos insurance are unable to accommodate for such risks due to the nature and exposure to materials associated with potentially long-term health consequences.
We at Construction Insure take make our customer service and safety of each client as paramount to a successful continuous relationship with us, having the peace of mind that regardless of what aspect of asbestos you handle in your daily operations, you can be sure your company, its employees, and assets always remain in good hands.
Please note, we can offer a range of payment methods which during these difficult times companies are finding as a huge benefit as it means they have extra money for cash flow. Through our partnership with premium finance companies, 6 to 10-month instalment plans (covering the full year) can be offered, rates vary depending on premium.
Whatever method, scheme, or cover is chosen, we aim to cater for a wide spectrum of asbestos related queries and companies, no matter what aspect you are inquiring about, we’ll always do our best to support you, whether a start up or a company with a multi-million pound turnover.
What Asbestos Insurance cover is right for you?
Not every trade and business in your sector has the same operations as you, which is why it is vital, we get an accurate insight into your activities. We commonly find clients within the building sector requesting if we can cover asbestos in isolation, as their current provider will not tag it onto their existing policy as it is a decline trade. Its areas of insurance like this where we can help. 99 % of brokers won’t be able to facilitate, but we always can.
It is for reasons like this Construction Insure offers products with the capability to having an extension to an existing policy. This caters for a wide variety of different trades with slight connections to asbestos (i.e. plumbing, roofing, property maintenance, demolition insurance) where a standalone asbestos policy may not be suitable for them, but cover can still be provided for them.
Further to this, we find that companies whose primary function is solely unlicensed removal works, end up with premiums which do not accurately reflect what they do. Going directly to asbestos specialist insurers can normally mean minimum costs of £2,500 as they factor in areas like bulk sampling, demolition, insulation, and surveying which are not applicable to you. Our minimum premiums for unlicensed asbestos removal (liability only cover) start from as little as £750.00 and with us, you get the right cover at the right cost.
It is important to inform us of not just all the trade activities you are currently undertaking, but potential future operations, particularly when expanding from or want to include licensed asbestos work further down the line. This is to ensure that the scheme and insurer we place you with can dynamically accommodate and adjust to your requirements. Not only do you benefit from a continuous working relationship which offers even better rates upon renewal compared to new ventures or new policies. Trades of this nature normally involve time constrained and costly contracts, you need a broker who can provide top quality service whilst providing clear and quick responses to avoid delay!
Upon further in-depth analysis, even larger asbestos companies find themselves unknowingly under insured, despite declaring relevant information. As briefly mentioned above, other aspects like thermal insultation and demolition of any nature can come into play as part of the wider contract, or even in isolation, but if that isn’t declared and a claim arises as a direct result of a different business activity, companies are then left exposed as well as out of pocket.
We at Goldcrest will provide every protection we can to your business, whether that is a certain cover which is required or exclusions/conditions that need amending, we as specialist brokers are there to assist at every stage.
Please also be aware that we may require evidence of relevant experience, training, and qualifications in the field, as well as any associated bodies, as this can help reduce the cost of the policy.
Asbestos Insurance Products and Schemes
It is for this reason, as responsible brokers, we actively search the market for A-Rated insurers who care about offering quality scheme. So not only do we just provide you with a generic quote, we also open your mind up to think about areas of cover you might have not thought about before when dealing with Asbestos which shall leave you, your company and your employees exposed.
Here are some of the benefits and additions we can make to your policy :
| Products available to you: | Benefits to your business: |
|---|---|
|
Health and Safety/Risk Assessment |
This includes cover to extend to include Legionella Risk Assessments, Fire Risk Assessments, Health & Safety Consultancy, Soft Strip Demolition, Thermal Insulation, and other related activities of this nature. This guarantees that not only is the company itself suitably protected, but we are there to continuously support you in maintaining a safe workplace in every aspect of the business, both on and away from your premises. |
|
Legal expenses |
This provides indemnity for your business for the cost of legal expenses that could be incurred should you become involved with a dispute or to pursue or defend your legal rights in or out of court, in connection with your business or related activities. No one wants to find themselves in difficulties surrounding legal disputes, but in any circumstance, we offer such covers to make sure it is not your business and assets that suffer as a result. |
|
Professional Indemnity |
This extension includes Indemnity for claims made against you or your business in relation to technical advice or skill which as a result arise to any civil or negligent act, error or omission incurred in the course of your professional business. Though we all do our part to keep everyone protected, businesses and insurers alike, incidents happen, and its for this reason we offer this protection extension- preventing your company from being exposed to the financial damage such advice or plans could create. |
|
Business Interruption |
This section covers any loss or damage of or to physical property/assets, as specified, where you have an insurable interest and loss of income and/or increased costs following an insured loss, damage, or theft. Please note, this section includes appropriate illness/sickness and injury protection, but due to the recent pandemic, they are not considered an insurable risk. At Goldcrest Insurance, we seek to gain the financial compensation owed to you in order for you to return to normal trading position as soon as possible. |
|
Contractors All Risk |
We do not just make sure your liability and legal covers are in force, we like to go the extra mile! Asbestos companies of all varying sizes and scopes typically have specific contracts and plant involved with their processes. Contracts works covers your company if disruption occurs during on-going works, resulting in damage or theft- extending to cover the cost of materials involved in such contract. Not only is securing the right policy for your company essential, but typically extensions like these are not accommodated by most insurers due to the hazardous nature of the trade. We at Goldcrest always make a conscious effort that anything required can be arranged efficiently. |
|
Combined or standalone liability (Employer’s and Public/Products) |
Though Employer’s Liability is a legal requirement for any company with at least 1 employee, it essential that again, in a worst case scenario where damage/injury/ incident has occurred involving an employee- their health and wellbeing is at the forefront of our interests. The same cover of damage/injury/ incident can be offered to protect from disputes with third party property or persons, as well as any products supplied by the company. |
Such in-depth and comprehensive coverage can be offered through our working relationships with key insurers in the market, having direct access to several syndicates at Lloyds of London, who are purpose built for niche/ high risk companies!
So, no matter what, from sole traders insurance for asbestos removal companies licensed and non-licensed to large-scale operations with whatever aspect of asbestos you find yourself faced with, we are here to assist! It is also for this reason that we cannot be beaten on cover and along with the right cover and advice we also give you the right price from your insurances. Construction Insure can offer you not only great liability cover but also other added benefits which will help protect your company, free of charge!
Found a cheaper alternative? Let us discuss this, as not only is it worth making sure the cover offered is fit for purpose but our growing relationship with insurers provides us with great flexibility on our prices!
For a free no obligation, non-binding quote, please contact our commercial department on 0208 440 8427