NAICOM holds sensitization workshop on compulsory insurances
In continuation of it’s enlightenment programme on the compulsory insurances in the country, the National Insurance Commission (NAICOM) held sensitization workshop on compulsory building insurance for federal and state public servants.
Deputy Commissioner of Insurance, technical, Alhaji Sabiu Bello Abubakar said that the Commission can better achieve this task with the full cooperation of the Federal and State Fire Service.
As follow-up to the success of previous nationwide awareness campaigns for compulsory insurance, he added that NAICOM is moving the bar a notch higher.
“Therefore, this Sensitization Workshop is aimed at equipping Fire Service Officers with the necessary knowledge to properly enforce the insurance of public buildings and buildings under construction above 2 floors”
According to him, “It is very worrisome to the Commission that most public buildings and buildings under construction above 2 floors are never adequately and appropriately insured, which further accentuated the need for urgent measures to be put in place by the Commission to ensure that these buildings are adequately insured. It is the desire of NAICOM to change this narrative for good”
“It my pleasure to be here with you today in this sensitization workshop which aims at sensitizing Fire Service Officers on the importance of Insurance of public buildings and buildings under construction above 2 floors”
Abubakar said, “The essence of Insurance of public buildings and buildings under construction above 2 floors is to cushion the impact and reduce the burden and liabilities that the owner / government would have to bear in likely occurrences of catastrophic events such as natural disasters, fire, accidents, building collapse, injuries or death to third parties, etc, thereby saving the government money which can be channeled towards augmenting the needs of the citizenry, providing infrastructure, and creating employment, among others.”
He emphasised the need and importance to abide by the mandate, “Suffice it to say that it has now more than before become imperative to put in place measures to enforce the insurance of Public Building in Nigeria. Furthermore, let me bring to your attention the provision of Section 65of the Insurance Act 2003 which stipulates that all public building shall be adequately insured. Also, Section 64of the Act provides that all buildings under construction above 2 floors shall be adequately insured”
He was optimistic that Federal and State Fire Service officers will now have the knowledge of insurance of public buildings.