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.
- To give you a better understanding of the importance of insurance and what to look out for in construction projects.
Register below to download the Fasken South Africa Construction and Insurance Guide.
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.