21, 2021 /09:34 AM / OpEd By Ekerete Ola Gam-Ikon / Header Image
Reading, with great pain, the narration of the
unfortunate and unexpected gas explosion that occurred last Thursday 17th June,
2021 in Ikeja, by Lagos State Emergency Management Agency (LASEMA), without the
mention of insurance as part of the recommendations Nigerians should note,
prompted this short message, intended to inform, educate, enlighten and
hopefully, empower Nigerians.
While praying for such disaster not to reoccur, I felt
obligated to inform Nigerians that:
1. Accidents and incidents, unintended
and deliberate, happens. This is Life!
2. Often, preventive measures are
crucial, but inadequate, so there should be a Plan in place for necessary
recovery management after the ugly events. This is Insurance!
3. Possibly, some of the affected
persons (dead or survivors), the truck, buildings, vehicles and businesses have
insurance contracts in place to address the emergent issues. This is Reality!
4. Anytime an accident/incident occurs near you, call
the Emergency Free Toll Line, which should alert the insurance industry to
ensure appropriate response. This is Best Practice!
It is time to incorporate insurance and risk
management policies into our National Emergency Management Plan, so that we can
have a complete integrated plan to prepare and respond, not only to the
emergency but also to the recovery thereafter, in a systematic manner.
With proper insurance in place for the OPIC Building,
personal and corporate vehicles including the LPG Tanker and, importantly,
every person who was in the building and its vicinity, measurable compensation
would be made by insurers of these respective interests.
The costs of medical care and replacement of
damaged/burnt properties would readily become the responsibilities of the
insurers and they would respond accordingly.
The ongoing payment of settled claims to policyholders
who suffered losses during the violence that followed the EndSARS protests last
year is a clear indication that the insurance industry is gradually becoming
Begin each day with insurance on your mind; do not
wait, talk to an authorized insurance broker or consultant today for the
appropriate insurance policy for you, your dependents and businesses.
About The Author
Ekerete Olawoye Gam-Ikon, MNIM,
CPP, is a management consultant with a specialization in Strategy and
Insurance. You can contact him via e:mail firstname.lastname@example.org and mobile +234-806-648-1111
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