If your business involves demolition, you have exposure to asbestos. Your exposure could be limited if you contract out 100% of the asbestos removal, however you could still face an exposure that could result in hefty legal fees to your business as a result of asbestos disturbance, or removal.

What is vicarious liability?

Vicarious liability is a legal concept that could find you responsible for the wrongdoing of your contractors (in this instance; asbestos removal contractor you’ve engaged) regardless if you were involved in the actual wrongdoing. In simple terms, if a client has engaged your services, the claim for damages will be first brought against you, rather than your subcontractor. Legal costs and penalties could be incurred as a result.

In conclusion, regardless if you contract out 100% of your asbestos work, you still have exposure. This financial exposure can be mitigated by ensuring that your public liability insurance has an asbestos extension.

 

Morgan Insurance Brokers can assist your business find the most affordable and comprehensive cover for your demolition business. We have access to a large panel of insurers that exclusively deal with brokers only, and that you don’t have access to as a consumer.

Reach out today.