Evaluation of the role of insurance policy in workplace safety risks in construction projects in Minna, Niger State, Nigeria

Abstract

Workers in the construction industry are regularly liable to health and safety (H&S) risks resulting into accidents on site. One of the ways the risks could be mitigated is through insurance. Despite the availability of laws on H&S incorporating specific provisions and consideration on insurance and risk management; the rate of injuries, fatalities and death from construction related activities remains high. This study evaluated the role of insurance policy in workplace safety risks in construction projects in Minna, Niger State, Nigeria. The study adopted a quantitative research approach with the aid of structured questionnaire. Data were collected from twenty-two (22) purposively selected professionals from public clients, contractors and insurance companies. Data analysis was undertaken with the use of Relative Importance Index (RII). Findings from the study revealed that contractors show more willingness in complying with the undertaking of insurance policy for projects being executed than the clients (construction firms). It was found that the most important types of insurance policy are Worker's Compensation Insurance (RII = 0.96) and All-Risk Policies (RII = 0.95). It was also shown that the most significant role of insurance policy in workplace safety risks is “Guarantees the success of projects” (RII = 0.95). It was concluded that insurance policy plays a significant role in workplace safety risks in construction projects in Minna. Major recommendation from the study was that Government regulating agency in-charge of ensuring compliance with insurance policy should organize orientation programme and regular monitoring of contractors and clients to ensure strict compliance.