Ogun State Government mandates two-floor and above buildings obtain All Risk and Building Insurance under the 2022 OGBPMA regulation.
The Ogun State Government in Nigeria mandates that all buildings over two floors obtain an All Risk Insurance Policy Certificate, as per the 2022 OGBPMA regulation. This policy covers human and material assets during construction. Property owners must also secure Building Insurance against potential damages. The initiative aims to improve public safety, reduce construction accidents, protect financial interests, and foster a sustainable construction industry.
September 26, 2024
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