Owners, occupiers of commercial buildings asked to insure them
Mr Simon NK Davor, Deputy Commissioner of Insurance on Thursday called on owners and occupiers of commercial buildings to insure their properties as required by the Insurance Act 2006 (Act 724).
He stressed that Section 183(1) of Act 724 states that “A person shall not construct or cause to be constructed a commercial building without insuring with a registered Insurer, the liability in respect of construction risks caused by negligence or the negligence of servants, agents or consultants which may result in bodily injury or loss of life or damage to property of any workman on the site or of any member of the public”.
Mr Davor who was speaking at a press conference organised on Thursday added that Section 184 (1) of Insurance Act 2006 Act 724 also states that “Every commercial building shall be insured with an Insurer against the hazards of Collapse, Fire, Earthquake, Storm and Flood, and Insurance policy issued for it’’.
The purpose of the conference was to inform the public of an upcoming Educational sub-Regional conference dubbed: “WAICA Accra-2012.”