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Compulsory Insurance: Why Owners of Public Buildings Must Be Prosecuted - InsuranceBlitz | Best Insurance Industry News in Nigeria 08/08/2020

Compulsory Insurance: Why Owners of Public Buildings Must Be Prosecuted - InsuranceBlitz | Best Insurance Industry News in Nigeria Dear Co-Lockdowners, How are we coping with the COVID-19 pandemic experience, most especially the ‘assumed’ lockdown and slow-pace in business activities across states in Nigeria?  Given the recent closure of […]

05/06/2020

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Cc Kelechi Uchenna

27/04/2020

FILLING STATIONS, CAR DEALERS & PUBLIC BUILDINGS ARE MEANT TO HAVE COMPULSORY INSURANCE?👉

In today's world, the level of *clustered construction of public buildings* call for both community & govt's effort st reducing the scourge.

E.g A Mega filling station with inbuilt Supermarket, restaurant is surrounded by Car Shops, Major Road network, Houses, Schools, Plazas, Gas supplier etc.

Have we ever imagined a Fire Scare/Outbreak at any places mentioned above?

How did we respond?

FEAR! ALARM! PANIC! AGITATION!

No matter how we respond to the fright that comes with a likely Filling station-related incidents, it will never change the fact *these companies were approved & allowed to operate without some risk measures in place.

So, what's our responsibility as a citizen - ACCOUNTABILITY!!!

Most Car Shops are located beside/inside a Filling Station...neither of them own a Single Insurance Policy against any unforeseen risk.

Motor trade, Public Liability, Occupiers' Liabilty, Fire & Special Perils Insurances
..It will cost less than 1% of the Naira value of the assets we lose to purchase a cover!!!

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