The Board of Directors of Metro Mass Transit has tasked its Legal Department to do effective cost-benefit analysis on its insurances in order to regularise insurance covers of the company.
The directive was in response to a question by a participant at a four-day Annual Conference of its Legal Department at Agona Swedru which opened on Monday, December 3, this year.
The questioner wanted to know if Metro Mass had intentions to switch over from 3rd party insurance to comprehensive insurance of its over 700 fleet of operational buses.
Mr. Martin Owusu-Afram, Deputy Managing Director, MMT, disclosed that in view of the paltry 3rd party insurance claim which accrue to the company, it would be more prudent to consider the colossal cost multiplied by the large number of buses making it difficult to go comprehensive.
This year?s conference was themed: PROVIDING AN ASSURANCE FOR FIRE AND ALLIED PERILS AND PUBLIC LIABILITY with a view to identifying strengths and weaknesses for appropriate actions to take.
Mr. Afram announced that among other measures to take, MMT would soon introduce vehicle trackers and speed limit controls on its buses to help reduce or eliminate road accidents.
He pointed out that as from January 2013 MMT drivers who flout the company?s speed limit of 80kph by disengaging the speed limit device would lose their jobs for endangering the lives of passengers en route.
Mr. Kofi Kyere-Dankwa, Chief Executive of Crown Insurance Brokers Ltd., consultants on this year?s conference was hopeful that the participants? new skills on Risks and Safety Management would equip and strengthen the position of MMT in the comity of road based transport providers.
The Head of MMT?s Legal Department and Co-ordinator of the conference Mr. Emmanuel Amoah said Management was commiserating with families of victims of the recent motor accident on the Bolga-Tamale route, and would act expeditiously to avert such occurrences in the future.
