New Asbestos Liability Scheme


Incorporated Insurance Group……Announces New Asbestos Liability Scheme

Incorporated Insurance Group Ltd (IIGL) are delighted to announce that they are today (7th April 2014) launching a new High Hazard Contractors Liability scheme to support their ever growing broker base.

Dean Surridge, Head of Contractors Underwriting at IIGL, commented ‘Asbestos related trades create a real problem for Brokers to place within the UK market due to the historic loss ratio issues as a result of the asbestosis related disease being the single greatest cause of work-related deaths in the UK. The requirement for this type of coverage has been quiet for several years but, as the amount of construction work continues to grow, getting the right cover is becoming a bit of an issue for brokers. We have therefore been working with our insurer partners to create a new product to help our brokers. The product came about as we had so many brokers who were looking for this cover’.

The H&SE website on asbestosis confirms that ‘When these fibres are inhaled they can cause serious diseases which are responsible for around 4500 deaths a year. There are four main diseases caused by asbestos: mesothelioma (which is always fatal), lung cancer (almost always fatal), asbestosis (not always fatal, but it can be very debilitating) and diffuse pleural thickening (not fatal).

Asbestos fibres are present in the environment in Great Britain so people are exposed to very low levels of fibres. However, a key factor in the risk of developing an asbestos-related disease is the total number of fibres breathed in. Working on or near damaged asbestos-containing materials or breathing in high levels of asbestos fibres, which may be many hundreds of times that of environmental levels can increase your chances of getting an asbestos-related disease’

Dean continued ‘Our new scheme for ‘non-notifiable’ asbestos is exclusive to IIGL and backed by a Standard & Poor’s ‘A’ rated insurer. A wide range of trades will benefit from the new facility – Roofers, Builders, Scaffolders, Cavity Wall & Insulation and Loft Conversion are just a handful of trades effected. Providing insurance cover is only part of our package, as we know that these clients often need guidance on how to handle this dangerous substance, so we have partnered with a team of Health & Safety experts who will provide their expertise in helping them create a safe working environment. The service comes ‘free’ with every combined liability policy. ’


  • Exclusive Scheme to IIGL
  • ‘A’ Rated Insurer
  • Minimum Premium £1,000, plus IPT
  • Wide Policy Wording including
    • Contractors All Risks
    • Professional Indemnity up to £5m
    • Directors & Officers Liability
    • Contractors Legal Expenses
  • ‘Free’ Health & Safety Support

Mike Smith, CEO of IIGL, concluded ‘We are delighted with the launch of this product as it shows that we are listening to our brokers and delivering products that will help them grow their businesses. It’s also a fantastic vote of confidence from our supporting insurer partners who have seen first-hand how we work closely with our ‘hand-picked’ broker base to write such heavy risks. It’s great news for IIGL and great news for regional brokers’.

About Incorporated Insurance Group Ltd

Incorporated Insurance Group are a traditional MGA based in Essex and are part owned by the employees via a holding LLP company arrangement ensuring all members of the team are focused on delivering top quality service to our customers.

The team’s extensive technical knowledge and many years’ experience in UK insurance market has enabled them to obtain highly competitive binding authorities from well established ‘A’ rated insurers. They deal exclusively with the needs of brokers and give them the support to survive and build their businesses in an ever increasing competitive insurance market.

They operate an ‘open house’ policy with their in house underwriters and other key individuals including senior managers and executives, each of whom have the power to make instant decisions thus enabling their broker relationships to grow and strengthen.

Although IIGL is a new dynamic company, they will never step away from having an old fashioned flexible underwriting approach towards business. Whether dealing with brokers online or face to face, they believe traditional business ethics should always come first and their systems will never overtake the personal relationships they build with their brokers.