The SIC Insurance Company PLC has rolled out an innovative fire insurance package that gives the insured the requisite financial protection against assets acquired so that in the event of any misfortune the insured would be put in the same financial position enjoyed just before the loss.
Mrs. Cynthia Kwarteng Tufuor, SIC Tema Area Manager stated that given recent and past fires, the SIC has developed a fire policy for the individual and the entity organization to ensure that in case of any misfortune.
“The Individuals need Fire Insurance as protection against property including buildings, household goods, and personal effects, and the Organization including Commercial and Industrial entity could insure its buildings, plant, machinery and equipment, stock of raw materials, finished goods and profits,” she said.
Mrs. Tufuor who has oversight duties over parts of Volta and Eastern Regions stated at the: “End of Month Stakeholder Engagement,” seminar organized by the Ghana News Agency Tema Regional Office which is a platform rolled out for state and non-state actors to address national issues as monitored by the Communication for Development and Advocacy Consult (CDA Consult) at Tema.
The event also served as a motivational mechanism to recognize the editorial contribution of reporters toward national development in general and the growth and promotion of the Tema GNA as the industrial news hub.
Speaking on the topic: “Fire and Homeplus” Mrs. Tufuor said SIC has innovative policies including a domestic fire policy for private premises which is a standard Fire Policy that pays for loss of or damage to insured items as a result of Fire, Lightning, and Limited explosion as well as explosions from boilers used for domestic purposes.
She said the Commercial Insurance Fire covers the buildings, plant, machinery and equipment, stock of raw materials, finished goods, and profits; Business Interruption or loss of profits insurance focuses on huge Industrial and Commercial concerns which can be extended to cover consequential loss or Loss of Profits upon request.
She said the home package policy for house owners is a specially packaged policy that combines both Fire and Allied Perils and Burglary Insurance for House Owners who live in their own houses at a very moderate price.
She noted that with recent fire outbreaks there is the need to intensify public education on fire policies to ensure that people are protected.
Mr Francis Ameyibor, Ghana News Agency Tema Regional Manager explained that stakeholder engagement is an effort to expand the frontier of journalism.
He said “the GNA-Tema Regional Office has now adopted the tenets of advocacy journalism hence the need to collaborate and partner with state and non-state institutions through our weekly and monthly events to ensure that we serve the state better.
“We also use the platform to deepen the working relations with the stakeholders to ensure that both the media and the corporate world work together towards national development”.
Mr. Ameyibor said the event also serves as a motivational mechanism to recognize the editorial contribution of reporters to the professional growth and promotion of Tema GNA as the industrial news hub while contributing to national development in general.
Other speakers include Mr. Irwin Cofie, SIC Insurance Deputy Head of Marketing; Ms. Cunthia Twumasi, Deputy Area Manager; Mr. Richster Nii Amarh Amarfio, Secretary of the Ghana Tuna Association; Mrs. Doris Gorman, Tema Municipal Director of Information Service Department and Mr. Gilbert Sam, Administrator of the Ghana Industrial Trawlers Association.