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
Anti-Trafficking Unit rescued over 200 people
African Heads of State, Ministers and dignitaries to attend the 2nd Africa Global Business Forum
World Vision Ghana (WVG) supports 400 women
Societe Generale launches deposit mobilisation campaign
Airtel takes music competition to another level with the Airtel Trace Star
Gis Winneba Command Launches A 3 Year Project Against Child Trafficking
Big Brother Hotshot Reveal -18 September
NPP official calls for ceasefire
Pregnant Women and Infants to Benefit from LEAP - Nana Oye Luther
Economic Impact Already Serious Could Be "Catastrophic" Without Swift Response
 More latest news
 Popular News Items
Ghana prices third Eurobond
First Episode Of Airtel Touching Lives 3 Hits Tv Screens
WAEC releases 2014 BECE results
Ghana stands risk of importing Polio
GCB unveils new brand
FAO food price index drops to four - year low
The Minister of Local Government and Rural Development paid a visit to the Ambassador of France
Local Government Ministry engages media on action plan
State presents prosecution witness in Amoateng's case
Government presents Ebola protective equipment to schools

Copyright BusinessGhana. All Rights Reserved.

Legal