Only licensed Saudi factories to obtain insurance compensation
Thursday, 10 22 2015, Category: Insurance and Reinsurance, Country: Saudi Arabia
The Saudi Industrial Property Authority lately warned the industrial sector from the non-renewal of the “civil defense” license, indicating that failing to obtain this license is against the law and will prevent the factory from obtaining compensation from insurance companies in case of accident.
According to an official memo from the Saudi Industrial Property Authority “Modon” of which “Okaz” obtained a copy, these warnings came within the recommendations of the “Authority” conveyed to all workers in the industrial sector asking at the same time for compliance. The recommendations stressed on the importance of not driving the forklifts in the roads of the industrial city without coordinating with the industrial security since it is a legal contravention and represents a risk to safety. The safety uniform that employees wear is an indicator of awareness. Additionally the evacuation plan limits human and financial losses.
Source: Okaz Newspaper