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Maharashtra will become the first state in the country to have mandatory insurance coverage for shops and establishments registrations. According to a report, the Maharashtra government's labour department has issued draft notification to add insurance in Maharashtra Shops & Establishment Rules.

According to the draft notification, the proposed insurance would be similar to third-party vehicle insurance. Insurance coverage for fire and allied perils would be mandatory for every shop and establishment. The insurance would also be expected to cover damage or destruction caused by fire, lightning or explosion, the report says.

As per the draft notification issued by the state government, stakeholders have to submit their objections and suggestions by 16 September 2023 on the mandatory insurance for shops and establishments in Maharashtra.

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