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اليوم السابع
Source: اليوم السابع
2 Daysاليوم السابع
Source: اليوم السابع
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Building Law No. 119 of 2008 requires an insurance policy to be submitted before a permit is issued for, or work begins on, construction valued at EGP 1 million or more, a building with four or more floors, or any vertical extension. An exception applies to a one-time, single-floor extension costing no more than EGP 200,000, subject to the approved requirements. The policy covers the engineer’s and contractor’s civil liability for damage caused by total or partial collapse during construction or the warranty period. Coverage is capped at EGP 2 million per incident and EGP 100,000 per person, and the premium may not exceed 0.2% of the building’s value. The owner must halt work if the insurance coverage is withdrawn. Work may resume only after coverage is reinstated, and coverage may not be withdrawn after a certificate of the building’s fitness has been issued.
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