THE Managing Director of Metropolitan Insurance Company (MET), Mr Kwame-Gazo Agbenyadzie, has stressed the importance of life assurance policies, and called on all employers to provide workmen’s compensation insurance for their employees.
He said that would ensure adequate compensation for all cases of workplace injuries and incapacitation.
Mr Amenyadzie made the call when he presented a cheque for US$309,848 to the Ghana Ports and Harbours Authority (GPHA) as claims covering the authority’s 200-tonnes crane equipment that was involved in an accident in April this year.
He indicated the strain on the Government treasury in the event of an accident could be enormous in the absence of an appropriate insurance cover and urged employers to consider insurance covers as part of motivation package for their employees.
Mr Amenyadzie commended the GPHA for not only investing in machinery and equipment, but also indemnified them against risks, thereby reducing pressure on the Ministry of Transport’s budget, an example, the MET CEO said, was worth emulating by all state-owned enterprises.
The Director General of the GPHA, Mr Nestor Percy Galley, expressed profound appreciation to the insurance company for the importance it attached to the transaction, saying the claim would enable the authority to replace the damaged equipment with a new 220-tonne crane. — GB
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