An insurance brokerage is emphasising the importance of businesses keeping proper records of inventory in a secure location in the unfortunate event of a fire or damage loss.
This advice was given in a release from Raj Singh Insurance Brokers, who happened to be the insurance broker for Zaid Mohamed & Sons Trading. It stated that late in the afternoon of November 28, 2022, Zaid Mohammed of Zaid Mohamed & Sons Trading, an importer and distributor of building materials and supplies, suffered a multi-million-dollar loss to his bond situated at Lot 9 Felicity, East Coast Demerara as a result of a fire.
