NIC arrest five persons for failing to insure their properties

The National Insurance Commission (NIC) Task force has arrested five persons for failing to insure their commercial property within the Tamale Metropolis.

The suspects include managers of Kanawu Plaza, Gbanzab Construction Company Limited, Walji Hotel, Faith College and God Cares Family Hospital.

The task force was made up of officials of the National Insurance Commission (NIC), personnel from the Police Service and the Ghana National Fire Service.

During the operation only Nasant Ventures and OG God’s Power Investment Limited could produce their insurance cover ad were therefore left off the hook.

The leader of the task force and National Chairman of the Compulsory Insurance of Commercial Buildings, Mr. Joseph Bentor, told ultimate1069.com, that the exercise forms part of the moves to enforce Sections 183 and 184 of the Insurance Act, Act 724 of 2006.

The Act prescribes that private commercial buildings or property should be insured against collapse, flood, fire, earthquake and any other hazards.

He said the owners of commercial buildings were given prior notice about two weeks ago to comply with the directives therefore; the arrest was to enforce the law.

Mr. Bentor said less than 20 percent of those notified complied with the directives and gave the assurance that those arrested persons would be put before court soon.

According to him, “there has been sufficient public education since 2007 on the need for privately-owned commercial property owners to insure their property against fire, flood, collapse and any other risk’

He said insuring commercial property would safeguard the safety of staff and any other user so that in the event of any disaster those affected would have insurance package.

By: Ghana/Ultimate1069.com/106.9fm