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SIC urges businesses to insure buildings against eventualities

5 years ago
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Head of Corporate and Special Risk at SIC insurance company, Emmanuel Simpiney-Mensah, has reiterated the need for businesses to begin paying critical attention to insuring their buildings.

He noted that the role of insurance in minimizing business risk cannot be overemphasized.

His call for businesses to start insuring their premises for any eventuality follows the recent fire outbreak at the Kantamanto branch of the Ghana Commercial Bank (GCB) last weekend.

“The general public should know that this is a good example of what can happen, when unfortunate things happen you will certainly lose and that is why SIC has been made for you. Come and see us with all your perceived risks because we bear risk, that is what we do, we are paid for that. Our job is to bear risk for people so that people can have peace of mind to do their work. We have been doing this work for years,” he stated.

SIC as insurers of the GCB facility has announced its readiness to pay insurance claims of the bank after the bank has ascertained the level of damage done by the fire outbreak.

Meanwhile, the bank since Monday, November 30, has not been in operation following the fire outbreak which occurred on Saturday, November 28.

A statement signed by the Head of Corporate Affairs on behalf of the Managing Director of the Bank said, the closure is to allow for a thorough assessment of the extent of damage caused by the fire.

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