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Board Resolution for Approval of Insurance Policies

Document Type
DOCX
Pages
1
Price: KES 300
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Document Overview

Board Resolution for Approval of Insurance Policies is a formal written decision made by a company’s Board of Directors to approve and authorize the adoption of insurance policies that protect the company, its employees, and its assets against risks and liabilities.

Purpose:
1. To formally approve the insurance policies to be taken by the company.
2. To document the decision of the Board for governance and compliance.
3. To empower management to enter into agreements with insurers and pay required premiums.
4. To mitigate risks and protect assets, employees, and operations from unforeseen events.
5. To ensure ongoing oversight, by requiring periodic reviews of insurance coverage.
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