Home  |  Login  |  FAQ  |  Advertise  |  Services  |  Recommend  |  FeedBack  |  Contact Us  
Home
News

 Other Sections
ACN Ghana 2008
Sports
Finance
Business Directory
Online Forms
Real Estate
Classifieds
Auto
Jobs
Events
Downloads
World Cup 2010
Travel
About Ghana
Our Services
News Headlines
 More
NIC to enforce compulsory fire insurance
News Date: 16th August 2013


The National Insurance Commission (NIC) says it would do everything to make sure that the compulsory fire insurance policy for private commercial buildings is enforced.

Mr Yaw Buabeng, Head of Marketing, Research and External Relations of the Commission, said this would provide adequate financial cover to occupants of such buildings and property in times of fire and other disasters.

He said those under construction must also be insured and warned of the prosecution of property owners who refused to comply with the policy.

Addressing a day's workshop in Kumasi, he said, the NIC would collaborate with the police and the Ghana National Fire Service (GNFS) for effective monitoring and compliance.

The workshop provided the platform for education of various stakeholders including the police, GNFS personnel, hospital and school administrators, and officials of insurance companies on the policy which had already become a law.

Mr Buabeng gave the assurance that the NIC would also continue to regulate insurance companies and make sure they acquired the requisite license and capital to operate.

He advised Ghanaians to show strong inclination toward insuring their property including their personal belongings.

Mrs Esther Yeboah, of the Ghana Insurers Association, said compulsory insurance policy would cover all legal liabilities of the owner and occupier in respect of loss and damage of properties.


Source: GNA


 More
 Search News
 
 Advanced Search

ADVERTISEMENT
  Latest News Headlines
ICAG/CAGD Sign MoU to Enhance Quality of Public Financial Management (PFM) in Ghana
Yesterday was all drama in the house!
Aflao slippery robber nabbed
Fake Pastor in court for swindling student
Asia-Pacific celebrates United Nations Day 2014
Strike action effecting health and education in Kumasi
Guinness Congratulates Fuse ODG For Winning Best African Act At 2014 Mobo Awards
Internet consumers confirm experts' assertion of huge demand for 4G LTE services
TMPs Called to Produce Quality Products and Services
Install vehicles with tracking systems-DVLA
 More latest news
 Popular News Items
Airtel Ghana Wins Brand Activation Program Of The Year
Regional dialogue pushes for rights-based reform of the agribusiness sector in Southeast Asia
Airtel Money offers KRA mobile tax payment services
HESS Corporation organises third scholars programme
Oil, Gas Insurance Placement for the Upstream Sector Launched
President Mahama speaks about the IMF, Energy
EC declares Akufo Addo winner with 94.35per cent
GEPA suspends plans to exhibit and market non-traditional products in WA due to EVD
Airtel Ghana Sets Up Customer Experience Point At Marina Mall
Regional workshop on financial inclusion opens

Copyright BusinessGhana. All Rights Reserved.

Legal