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New insurance policy for crowded areas
The Insurance Authority, in collaboration with Civil Defence, has launched a mandatory cooperative insurance policy for third-party liability in crowded places and high-risk activities. This insurance aims to cover civil liabilities for physical and material damages that may result from accidents within facilities. Its goal is to protect the rights of visitors and enhance the ability of establishments to cope with the financial burdens caused by such incidents, with the compensation amount varying depending on the type of activity and risk level. Obtaining this policy is a requirement for obtaining a license for the establishment, as part of a phased implementation plan. The initiative aims to support business sustainability and attract investment in sectors with higher risk profiles, while the Authority emphasizes the importance of reviewing coverage terms through its official websites.
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