Asbestos-related risks are now excluded from virtually all professional indemnity (PI) insurance policies. It may be possible for some consultants to buy back some cover (limited both in amount and the risks covered) but it is likely to be expensive. This is due in part to the hard insurance market which has seen insurers limiting PI cover generally. Insurers are, though, particularly shy of asbestos-related claims because of the extraordinary level of personal injury claims - past, present and expected in the future - arising out of the presence of asbestos (primarily in the United States, but elsewhere too). This has led to reinsurers refusing to cover such risks. With no reinsurance behind them, primary insurers can only offer limited cover.
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