INSURANCE POLICY &  COVERAGE

At Low Cost Housing Developers Association (LCHDA), we ensure maximum Safety, Protection & Insurance Policy Coverage for our Artisans & Construction Workers.

This is in Compliance with the Laws of the Federal Republic of Nigeria.

In Nigeria’s fast-growing construction sector, accidents and liabilities are common. Without proper insurance there will be potential risks of:

• Financial ruin from medical bills, lawsuits, or property damage.

• Legal penalties under the Insurance Act 2003, which mandates coverage for construction risks. 

• Loss of income if injuries or accidents halt your work.

Our Safety, Protection & Insurance Policy ensures compliance with Nigerian laws while safeguarding your livelihood. 

What This Policy Covers

• Third-Party Liability – Protects against injuries or damages to others (as required by law) . 

• Workers’ Compensation – Medical bills & lost wages for injured artisans. 

• Property Damage – Covers accidental damage to client properties and other belongings. 

• Construction Risks – Includes building collapse, accidents, and site injuries. 

• Legal Defense – Covers lawsuits from workplace incidents. 

NOTE: Under Section 64(1) of the Insurance Act 2003, builders and contractors must insure against construction risks for buildings over two floors. Non-compliance risks a N250,000 fine or 3 years imprisonment. 

How It Works

• Choose Your Plan– Affordable premiums tailored to your trade. 

• Get Certified – Receive proof of insurance (required for legal compliance). 

• Work Securely – If an accident happens, we handle claims fast.   

Legal Compliance

• This policy aligns with Section 64 of the Insurance Act 2003 and National Health Insurance Authority Act 2022. 

• Lagos State also mandates health insurance for workers under the Lagos State Health Scheme Law 2015

A protected artisan is a productive artisan.