Compulsory Insurance for Landlords and Tenants: Protecting Lives and Property

Owning, managing, or occupying a building comes with responsibilities that extend beyond paying rent or maintaining the property. Every day, landlords and tenants welcome visitors, customers, employees, contractors, and members of the public into their premises. While many properties operate without incident, accidents can happen unexpectedly, resulting in injuries, property damage, or even loss of life.

When this occurs, the financial and legal consequences can be significant.
Many property owners and occupiers are unaware that Nigerian law requires certain buildings to be covered by compulsory insurance. Unfortunately, awareness of these legal obligations remains low, leaving many individuals and businesses exposed to avoidable risks. Beyond regulatory compliance, having the right insurance in place provides financial protection and peace of mind when unforeseen events occur.

To bridge this knowledge gap, Coronation Insurance Plc is hosting an insightful webinar titled “Compulsory Insurance for Landlords and Tenants: Protecting Lives and Property.” The webinar is scheduled to hold on Thursday, August 13, 2026, from 10:00am to 12:00 noon (WAT) and will take place virtually via Zoom.

Register here: https://us06web.zoom.us/webinar/register/2317847979972/WN_kQZuwcDUQUeWuD1az02xFw#/registration

This webinar is designed to simplify the concept of Occupiers’ Liability Insurance and other compulsory insurance requirements for buildings in Nigeria. Through practical discussions and real-life examples, participants will gain a better understanding of the legal responsibilities of landlords, tenants, property developers, facility managers, and business owners, as well as the role insurance plays in protecting people and property.

Participants can expect expert insights into who is legally required to obtain compulsory insurance, the risks of non-compliance, and the financial implications of operating without adequate insurance cover. The session will also explore how Occupiers’ Liability Insurance responds when accidents occur on a property, helping businesses and property owners manage liability while protecting visitors and occupants.
In addition, the webinar will examine common misconceptions surrounding compulsory insurance, highlight best practices for property risk management, and explain how the right insurance solutions contribute to safer buildings and more resilient communities.

By bringing together leading professionals from the insurance, regulatory, and built environment sectors, Coronation Insurance Plc continues its commitment to promoting insurance awareness and empowering Nigerians with practical knowledge that supports informed decision-making. This webinar is more than a discussion on compliance. It is an opportunity to understand how proactive risk management can protect lives, preserve investments, and reduce financial exposure.

Interested participants can register to attend via the link below:

Register here: https://us06web.zoom.us/webinar/register/2317847979972/WN_kQZuwcDUQUeWuD1az02xFw#/registration

For inquiries or further assistance, please contact us via phone at 02-01-2275475 or 02-01-2275476, or send an email to [email protected]. You can also visit our website at www.coronation.ng for more information.

Understanding your responsibilities as a landlord or tenant today can help prevent costly consequences tomorrow. Join us as we explore how compulsory insurance safeguards lives, property, and businesses while fostering safer communities for everyone.