Did You Know? - Asbestos Exclusion in Comprehensive General Liability (CGL) Insurance Policy

In insurance industry, especially for liability case claim can be arise from many aspects, also for the Insured which have business that related to asbestos. In case which trigger the property damage or bodily injury due to asbestos, it will be not covered by Comprehensive General Liability (CGL) Insurance Policy, especially for bodily injury, due to the damage will have long tail situation and will be latent which the damage will happen maybe in several years ahead without being known before.

Wording Exclusions to Asbestos in Comprehensive General Liability (CGL) Insurance Policy

It is understood and agreed that:
This Insurance does not apply to Bodily Injury or Property Damage, including any kind of consequential economic loss, resulting from or in any way arising out of the existence, handling, processing, manufacturing, sale, distribution, storage or use of natural asbestos, asbestos products and/or asbestos which is contained in any products, including but not limited to removal, cleanup, encapsulation, remediation or nullification of such natural asbestos products or products in which asbestos is contained.

The coverage of the CGL Insurance Policy is subject to the above exclusions and may vary significantly depending on the terms and conditions of your insurance policy. Therefore, we recommend that you carefully review the terms and conditions of your insurance policy.

We hope this explanation provides you with valuable information regarding the asbestos exclusion in the CGL Insurance Policy. If you require further clarification regarding your insurance policy, please do not hesitate to contact us at (021) 252 3110 and we will be happy to assist you.