Gwangju City Urges "Subscribe to Fire Liability Insurance for Multi-Use Facilities"

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] The Gwangju Metropolitan Fire Safety Headquarters announced on the 7th that, following the revision and enforcement of the "Special Act on Safety Management of Multi-use Facilities" in January, all operating multi-use facilities must mandatorily subscribe to no-fault fire liability insurance by July 5.

Currently, fire liability insurance is mandatory only when the business owner's fault is recognized, so victims could not receive compensation under fire liability insurance in cases of arson or when the cause of the fire is unknown.

Going forward, even if the business owner is not at fault, compensation will be available for damages caused by fires at multi-use facilities, which is expected to help citizens affected by fires.

The city’s Fire Safety Headquarters plans to notify over 4,000 local multi-use facility operators with guidance on subscribing to no-fault fire liability insurance and actively promote mandatory subscription to related parties, encouraging renewal or replacement with no-fault coverage within the deadline.

Kim Young-don, head of the city’s Fire Prevention Division, said, “From now on, any citizen affected by fires at multi-use facilities will be able to receive assistance under the revised policy,” and added, “We will thoroughly enforce administrative guidance to ensure that all multi-use facilities in the jurisdiction subscribe to no-fault fire liability insurance within the deadline.”

Meanwhile, multi-use facilities that are temporarily closed are exempt from subscribing to no-fault fire liability insurance until they resume operations, but must mandatorily subscribe immediately upon reopening.

This content was produced with the assistance of AI translation services.