RAWALPINDI: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Rawalpindi Chamber of Commerce and Industry (RCCI), organized an awareness session on fire and property insurance to highlight the importance of protecting business assets against fire-related risks and financial losses.
Held at RCCI premises, the session brought together members of the business community, traders and industrialists to discuss the financial impact of fire incidents and the role of insurance in protecting commercial properties, machinery, equipment and inventory.
Discussions highlighted that fire incidents can result not only in property damage but also business interruption, loss of income and disruption of livelihoods. Participants were encouraged to adopt effective fire prevention and safety measures and obtain adequate insurance coverage to protect their businesses against unforeseen losses.
Insurance industry representatives explained fire and property insurance coverage, key policy considerations, available protection options and the claims settlement process. The session also covered Takaful as a Shariah-compliant alternative to conventional insurance and highlighted the importance of business interruption coverage in supporting financial recovery following insured losses.
An interactive question-and-answer session allowed participants to seek clarification on insurance and Takaful products, coverage options and claims-related matters.
The session was part of SECP's efforts to promote awareness and uptake of fire and property insurance among businesses, particularly small and medium-sized enterprises, and encourage greater financial preparedness and business continuity. -PR
