Zenith Horizon InsuranceZenith Horizon InsuranceZenith Horizon Insurance
info@zenithhorizon.co.ls
Old Europa, Maseru, Lesotho
+266 2232 4346

Construction Insurance

INSURANCE THAT WORKS FOR YOU

Construction insurance is a specialized type of insurance coverage designed to protect various stakeholders involved in a construction project, including contractors, property owners, and developers, from potential financial losses due to unforeseen events. This insurance is crucial for several reasons:

Risk Management: Construction projects are exposed to numerous risks such as accidents, theft, natural disasters, and equipment damage. Insurance helps manage these risks by providing financial compensation for losses incurred.
Liability Protection: Construction sites can be hazardous, posing risks to workers and the public. Insurance covers legal liabilities arising from injuries or damages that occur on-site, protecting the insured party from costly lawsuits and settlements.
Project Continuity: Unexpected events can cause significant delays and financial strain on construction projects. Insurance ensures that projects can continue or recover quickly from setbacks, minimizing downtime and financial losses.
Compliance with Regulations: Many construction projects require insurance coverage as a legal or contractual obligation. Having appropriate insurance ensures compliance with local regulations and contractual agreements.
Protecting Investments: Construction projects involve substantial financial investments. Insurance safeguards these investments by covering potential losses, ensuring that stakeholders do not face catastrophic financial impacts due to unforeseen events.