SA Affordable Housing November - December 2019 // ISSUE: 79 | Page 19

FEATURE
What the large print giveth,
the small print taketh away
Some professions are more vulnerable than others when it comes to
public risks - those doing major construction and building work certainly
count among those. They face too many risks not to have adequate
insurance in place.
By Eamonn Ryan
T
When it comes to construction, you don’t want to take
any risks because the chances are something is bound
to happen anyway. You want to be prepared and covered
for when it happens and keep your people, company and
assets safe. This is why insurance in the construction
industry is so important and also why it’s illegal to not
he construction landscape is a constantly evolving
one, in which sub-contractors are caught between a
rock (contractors dumping all the construction risk on
them) and a hard place, which is desperation for work
– even high risk work for low margins. More than one has
gone under by skimping on insurance.
Anything can, and usually does, go wrong on a construction site.
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