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ARTICLE · 22 JULY 2022

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Insurance In The Construction Industry

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Insurance is a vital risk mitigation tool in construction projects. Whether insurance is taken out due to a statutory, regulatory or contractual requirement or as an additional measure of protection, parties cannot afford to go without it.

South AfricaReal Estate and Construction
Bianca Da Costa
Bianca Da Costa
Jesicca Rajpal
Jesicca Rajpal
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Insurance is a vital risk mitigation tool in construction projects. Whether insurance is taken out due to a statutory, regulatory or contractual requirement or as an additional measure of protection, parties cannot afford to go without it.

It is essential for every party involved in a construction project to be prepared, to understand the risks involved in the project and to manage the risks to ensure the success of the project and to mitigate any potential liability that may be incurred.

Our team has created a guide, with the purpose of:

  • Providing an overview of risk and the types of risks that organisations face in construction projects.
  • Looking at the relationship between risk and insurance, how insurance can be used to mitigate risks.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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