Priority Insurance Company advises government to insure public institutions and assets

Priority Insurance Company Limited has called on government to prioritize the insurance of key state properties and assets against unforeseen circumstances.

Felix Akyea-Bekoe, General Manager of Operations at Priority Insurance Limited, added that government of Ghana must enforce regulations to ensure that all public institutions and assets are insured to prevent allocation of unbudgeted amounts of money to pay compensation to people in times of emergency by the state.

“I am using this platform to advocate for the enforcement of regulations to ensure that, all state institutions and assets are insured so that when there’s an accident, the victims will be compensated by the insurance company he said.

Mr. Akyea-Bekoe was speaking at Priority Insurance Company Limited’s Tarkwa branch while embarking on a sensitization programme for commercial drivers and public/private institutions in four constituencies in the Western Region.

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He also called on institutions to ensure that their workers were insured against any peril that could lead to death or permanent disability, which is a fulfilment of the law (Insurance Act 2021, Act 1061) that makes it compulsory for any commercial establishment to have a Commercial Property Insurance, which comes with public liability to protect those that visit the establishment to transact business.

Mr. Akyea-Bekoe said, “If a visitor gets injured at the premises of any governmental/private institution, the law mandates the institution to compensate the person for the cause of injury, pain and suffering, including the payment of medical bills”.

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Source: Joy Business

Last Updated on February 8, 2025 by samboad