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
FBNBank opens second branch on Spintex Road
President Mahama pledges to focus on HIV/AIDS reduction
January Inflation rate rises sharply to 19 per cent
HFC Bank leverages on Republic Bank expertise
Basic Needs supporting mental health patients
Routine health management no longer viable -DG-GHS
Alleged Koala robbers' case adjourned to February 24
Meningitis Scare, Sober Valentine
UWR recorded 203 meningitis cases in 2015
Instinct Wave launches ICT Week
 More latest news
 Popular News Items
Multiple entries will not be removed from one region - EC
New US Ambassador presents Letter of Credence
KMA to begin biometric registration of traders
Parliament pays tribute to late Okuapehene
'Lavender Hill' to go by end of 2016 - Collins Dauda
African Union (AU) Recognizes Airtel Africa's Support in Mitigating Effects of Ebola Crisis in...
Abokobi Community appeals to IGP over land dispute
HFC Bank MD moves up in the Republic Bank Group
Epilepsy cases on the rise in Brong-Ahafo
Minister calls for closer ties with Finland

Copyright BusinessGhana. All Rights Reserved.

Legal