23 Hrs
Source:
الاقتصادية
Saudi Arabia introduces venue liability insurance
The Saudi Insurance Authority and the General Directorate of Civil Defense have launched a joint liability insurance policy for crowded places and high-risk activities. The goal is to cover the civil liability of facilities for physical and material damages resulting from accidents within the covered sites. This insurance is mandatory by a decision from the Council of Ministers and will be a requirement for obtaining a Civil Defense license to operate the specified activities. This system contributes to supporting business continuity, reducing the financial impact of accidents, and boosting investor confidence, thereby helping to achieve the objectives of Saudi Arabia's Vision 2030.
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