Strange but true in the Lagos State Urban and Regional Planning and Development Law 2010 .
1. Do you know that a Developer or Owner of a construction involving a structure of more than two (2) floors is expected to submit a General Contractor All Risk Insurance Policy Certificate to Building Control Agency before the commencement of the building work?
2. Does it occur to you that an owner or occupier of a building must produce on demand within 30 days the Certificate of insurance to the Building Control Agency for verification on an annual basis?
3. Are you aware that an owner of a building or structure existing and in use before the commencement of the Law is expected within three (3) months of it’s commencement submit the Certificate of Insurance to the Building Control Agency for verification?
All these are true and meant to provide coverage for the property damage, protect the contractors and occupiers before, during and after the completion of the project.