Fire Maintenance Fund


The Insurance Act 2006, Act 724 gave legal backing to the operations of Fire Maintenance Fund.

Sections 183 and 184 of the Insurance Act, 2006 (Act 724) make the insurance of commercial buildings, including those under construction compulsory.

Every commercial building shall be insured with an insurer against the hazards of collapse, fire, earthquake, storm and flood, and an insurance policy issued for it.

The insurance policy shall cover the legal liabilities of an owner or occupier of premises in respect of loss of or damage to property, bodily injury or death suffered by any user of premises and third parties.

“Commercial building” means a privately owned building to which members of the public have ingress and egress for the purpose of obtaining educational or medical service, engaging in commercial activity for the purpose of recreation or transaction of business”

The objectives of the policy are as follows:

  • Offer continuity to commercial entities which suffer loss or damage from Fire and related risks,
  • Ensure adequate compensation to third parties for injuries or death from fire and damage to properties
  • Provide complementary funding for fire fighting