Mr Isaac Osei, Member of Parliament (MP) for Subin, has advised property owners and traders to take out insurance coverings to mitigate the pain and suffering in times of disaster and theft.
He has also appealed to insurance companies to design innovative policies that would be attractive to traders and property owners.
Mr Osei made the appeal when he interacted with some traders and landlords who lost their goods and property to fire and floods in the Kumasi Metropolis.
He said the recent disasters and reported cases of theft in some shops in the Central Business District should be a wake-up call to all to embrace insurance policies.
Mr Osei said insurance was the best way of protecting oneself from helplessness after disasters and thefts.
The MP encouraged the leadership of traders associations to educate their members on the importance of insurance.
GNA