Occupiers' Liability Insurance

This is a type of insurance that all owners or occupiers of public buildings, whether private or public, are required to have under the National Insurance Act 2003. A 'public building' is any building that is not 100% used by the owner for residential purposes. Public buildings include tenement houses, hostels, residential buildings occupied by tenants, lodgers or licensees, and any other building to which members of the public enter and exit for the purpose of educational, recreational or medical services (e.g. schools, cinemas, hospitals, malls, etc). Occupiers Liability Insurance provides compensation in events of bodily injury, death and property damage to tenants and members of the public in the event of building collapse, fire, earthquakes, storm or flood. The penalty for non-compliance is N100,000 plus 1 year imprisonment for responsible parties.