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
Energy magazine launches sparks petroleum deregulation debate
Agricultural Researchers brainstorm to improve cassava production
I have not decided leaving Parliament - Bagbin
VRA Corporate Communications Head to contest Gomoa West Seat
NDC parliamentary candidate pick forms in Tema
944 People killed in accidents this year
Frost & Sullivan honors DERMALOG with biometrics prize for achievements in Africa
NDC lauded for increasing in its electoral base
State agencies must have framework to fight corruption
Dietician asks public to eat iron and copper-rich foods
 More latest news
 Popular News Items
Cocoa farms rehabilitation programme progresses
Avenor Rural Bank makes progress despite harsh conditions
AIDS Commission organises health screening for Osu residents
African Airlines must help open up the continent - Chris Diaz
DCEs asked to concentrate on leadership roles and vision
Food and Drugs Authority holds public forum
Govt pledges use of research findings to transform economy
Peacebuilding experts meet in Accra
Airtel MD challenges businesses to meet customers needs
World Vision Intervention reduces incidence of diseases

Copyright BusinessGhana. All Rights Reserved.

Legal