Adequate Asbestos Insurance Vital

As a business that works with asbestos, you’ll understand the risks that asbestos poses on health. But there may be one risk you’re not aware of and that’s the risk to your business if you don’t have adequate asbestos insurance coverage.

Asbestos insurance is vital for anyone who works in the industry or deals with asbestos during the course of their work. This includes asbestos removalists, those who transport asbestos, waste stations, samplers and tradespeople such as carpenters, plumbers and electricians. 

We know, however, that in general Australian small business owners aren’t great when it comes to ensuring they are adequately covered with the correct insurance. Research has shown that around 60% of small businesses are inadequately insured and that’s just for basic things such as property damage, machinery breakdown and theft.

When it comes to asbestos insurance, businesses often aren’t adequately insured because they are unsure of the coverage they need, are put off by perceived high premiums or believe that organising asbestos insurance is a difficult process.

“Having asbestos insurance coverage is one of the most valuable things you can do for your business and yourself,” says Phillip Carr, Managing Director of boutique insurance brokerage firm, Safe Hands Insurance. 

How important is it to have asbestos insurance? It’s important to remember that if you do fail to include asbestos in your coverage and you have a claim involving asbestos, it’s likely your claim will be denied. And with with claims involving asbestos often involving large amounts of money, this is a situation that no business owner wants to face. So, having asbestos insurance is not just desirable, it’s vital to protect your business and ultimately you.

“At Safe Hands Insurance, we’re committed to helping you get the correct insurance at the lowest premium,” Phillip says. “Getting asbestos insurance coverage is not difficult and we can provide cover that’s specifically tailored to you and your business. Not matter what your job or how you deal with asbestos, we will help ensure you’re adequately covered. So you can do your job with the peace of mind of knowing that you and your business are protected.”

Phillip adds that when looking for an insurance broker to look after your asbestos insurance needs, look for one that is highly qualified, has significant experience in insurance, has the support of several market insurers, operates in accordance with Australia’s General Insurance Code of Practice and manages claims in Australia, rather than overseas.

Note: This content was written by Safe Hands Insurance, a boutique insurance brokerage that services small and medium businesses across Australia. For more information on insurance for security firms or for a quote, phone Safe Hands Insurance on 1300 744 442.

Details for directories / business information

Safe Hands Insurance Group

ABN: 69 163 926 261

Physical address: C/- 5a Hartnett Close, MULGRAVE VIC 3170

Contact name: Phillip Carr

Contact name phone number: 1300 SHIB IB (1300 744 442)

Safe Hands Insurance Group is an Australian owned and operated insurance brokerage. Our boutique firm creates customised insurance solutions for small to medium businesses and individuals across the nation.

While we look after all businesses for their insurance needs we do specialise in many industries. These include insurance for trades, asbestos, hospitality, heavy motor, party equipment hire, indoor play centres, trampoline parks, security firms, hairdressers, beauticians, not for profits and child care. 

Managing Director Phillip Carr has vast experience in the insurance industry and has helped protect businesses and their assets since 1997.