Construction insurance covers damage to property and/or third-party injury or damage claims. Construction insurance is required on all construction projects, providing coverage for material, risks, natural disasters, employees and even your own business. Property owners or project developers may require building companies to have construction insurance in order to qualify to participate in their bidding processes. On Infobwana you will find insurance companies offering construction insurance cover to the construction industry in Zambia.
There are insurance companies in Zambia that provide the construction sector with all risk insurance as a comprehensive insurance policy that covers various civil engineering projects, like buildings, water tanks, sewage treatment plans, flyovers, airports, etc. There are many types of construction insurance cover:
General liability insurance
Professional liability insurance
Pollution liability insurance
Business vehicle and commercial auto insurance
Inland marine insurance
Contractor license bonds or surety bonds
Workers' compensation insurance
A good builder liability insurance coverage can protect against injuries or accidents that may happen on the job. In addition construction workers can accidentally damage property by mishandling materials and tools, or while the remodelling process is underway.
Construction insurance is usuall required for all construction projects. In many instances, it is a requirement to have some sort of specific coverage in order to be awarded a contract. Insurance companies, working hand in hand with the construction industry, is always on the lookout to cover every unique situation. On Infobwana find the insurance companies and brokers in Zambia that can insure your project.