Market Fires Highlight Need for Business Insurance, SMEs Told

"You could have just taken a cover and all that would have been sorted. So we have to preserve our capital, that is my call to everybody. It took a long time to set up that savings fund, it took a lot of effort to get that business loan.Take insurance cover for 15,000, 20,000 and..

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Recent market fires, particularly one at Gikomba Market on June 21st, have prompted calls for entrepreneurs to embrace business insurance.

NCBA Insurance Managing Director Stella Njunge emphasized the importance of insurance to protect investments against unexpected losses like fire and burglary.
Traders at Gikomba Market are urged to consider affordable business covers, with premiums as low as Ksh 15,000-20,000 annually, to safeguard their capital.
The recurring nature of fires in Gikomba suggests systemic failures, impacting numerous businesses and livelihoods.

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