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International

Panel recommends compulsory fire cover for shops

May 26, 2016 Reprints

The Fire Insurance Committee of the Insurance Federation of Egypt has recommended making insurance for commercial shops mandatory in order to cover fire, theft and other risks like natural disasters, reported Middle East Insurance Review.

Government authorities that license these businesses would monitor compliance. The committee's recommendation follows several fires that have torched businesses that had no insurance coverage.

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Panel recommends compulsory fire cover for shops

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