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Do you know these about Motor Insurance Policy?

Do you know these about Motor Insurance Policy?

Do you know that as a driver of a commercial or private vehicle in Ghana, you are entitle to a personal accident benefit of up to GHS5,000.00 or GHS2,000.00 depending on the year you first insured your vehicle irrespective of the extent of injury or even death? Do you know that If Your Vehicle is […]

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No Claim Discounts (NCD)

No Claim Discounts (NCD)

INTRODUCTION Insurance is a pool of similar or same risks. The basic concept of insurance is that the losses of few are met by the contributions of many who are exposed to same or similar potential risk. It is then fair to charge the people who are bringing these risks to the pool same premium. […]

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THE GAME CHANGER – MOTOR INSURANCE DATABASE (MID)

THE GAME CHANGER – MOTOR INSURANCE DATABASE (MID)

People drive on our roads with no insurance on their vehicles. Others drive with fake motor insurance stickers. We cannot count the number of people who have suffered for being victims of motor crash with fake motor insurance or uninsured vehicles. It is possible every family in Ghana have experienced this in one way or […]

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The Financial Infidelity Act of an Employee can be insured?

The Financial Infidelity Act of an Employee can be insured?

Employee infidelity includes misusing company’s funds or stealing from the company on a large scale. Stealing the occasional office supply or padding an expense report is disloyal, but employee infidelity usually refers to more serious offenses, such as embezzling large sums of money, regularly taking goods that add up to considerable amounts or submitting expense […]

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COVID 19: Can Firms claim under their Business Interruption Policy?

COVID 19: Can Firms claim under their Business Interruption Policy?

Cash flow is the lifeblood of every business enterprise. Without a stable flow of cash inwards from goods sold or services rendered, there will be inadequate funds to meet the continuing cost of maintaining the business and having to pay wages/salaries of employees even when their services cannot be used. This is a clear case […]

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What documentations do I need to make a motor claim?

What documentations do I need to make a motor claim?

A summary of the documents and information required to make a claim is summarized. Information And Documentation To Be Submitted By The Victim The victim of motor Accident shall, at the request of the insurer, provide information on the following: Surname and other names Date and place of birth Profession or occupation and employer’s address […]

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Legal Requirements of a Claim – Part 1

Legal Requirements of a Claim – Part 1

When an insured puts in a claim the onus of proof falls on him. For this reason, the insured will have to prove two things: Firstly, that an insured peril arose: That he/she suffered a loss directly caused by a peril covered by the policy. The amount of the loss: the insured must show proof [...]Read More »