Compulsory insurance of "places of mass gathering" is coming into force in Georgia from March 1. The relevant Resolution was adopted by the Government of Georgia in December 28 last year. Compulsory insurance will be applicable to the owners of shopping centers, markets, fairs, hotels, holiday homes, as well as gasoline stations.
The resolution specifies the amount of insurance limit and insurance benefit for the damage caused to the life, health and property of citizens. The annual insurance limit for damage to the life and health for owners of shopping centers and gasoline stations will be GEL 300 thousand, and for hotel owners – GEL 600 thousand, as "Georgia Online" reports.
The new rules oblige all the owners of shopping centers to insure property, and it means that the amount of insurance will be reflected in contracts for premises renting, which they enter into with private business operators.
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