Ogun govt to contractors: Insure any building above 2 floors

By James Ogunnaike

THE Ogun State government, yesterday, insisted that any construction above two floors in the state must obtain an ‘All Risk Insurance Policy Certificate’.

The Commissioner for Physical Planning and Urban Development, Olatunji Odunlami, who stated this at a stakeholders’ meeting held at the Olusegun Osoba Press Centre, Oke-Mosan, Abeokuta, said the policy was in line with the provisions of the Ogun State Building Production Management Authority Regulation, OGBPMA, 2022.

Odunlami called on insurance companies to serve as watchdogs in the drive to enforce the provisions of the law.

Odunlami said: “The All Risk Insurance Policy should be maintained by contractors or developers and will cover both human and material assets during the entire construction period, ensuring that persons engaged to work on-site or who have lawful access to be on-site, as well as building materials and other equipment, are protected against any form of injury, loss, or damage.

“The coverage extends to innocent passers-by and their property, as well as adjacent properties, humans, and animals domiciled in them.

“Additionally, property owners and subsequent occupiers are also required to obtain a Building Insurance Policy to cover the building itself against fire outbreaks, damage, collapse, and other unforeseen circumstances.”

Speaking on behalf of the insurance companies, one of the underwriters, Mr Yomi Babalola commended the state government for showing the willingness to work with their sector to mitigate risk and protect the public from unforeseen circumstances, promising their full cooperation in achieving the provisions of the law.

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