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
DuPont Pioneer, USAID collaborate to boost Ghana's food production
President Mahama Urges Patronage In Made In Ghana Goods
Ebola logistics base in Ghana poses no threat- Prez assures Ghanaians in UK
GII urges gov't to extend NSS investigations
Producer Price of Cocoa 2014/2015 Season Out
RAM chooses Ghana as gateway to business links in West Africa
GCCI urges Spio-Garbrah to collaborate with the private sector
Korea Commended For Assisting Ghana in Sustainable Development
Importation Negatively Affects the Economy - Trade Minister
Lufthansa offers special fares to popular destinations
 More latest news
 Popular News Items
Airtel Money to launch cross border money transfer service across East Africa
Prez declares support for local industries
Reducing Digital Divide: Asia-Pacific Information Superhighway
Traffic offenses account for road crashes
Gov't secures funding for rehabilitation of Eastern Corridor Road
Deputy Minister Of Communications Visits Vodafone Ghana
Airtel Ghana Wins Brand Activation Program Of The Year
Ghana & UK agree to improve conditions in prisons
Religious bodies urged to do more to eradicate corruption
Dannex Donates To Ghana Health Service

Copyright BusinessGhana. All Rights Reserved.

Legal