Easy Cash Loan Insurance provides the best compulsory accident insurance package for employees today
What is compulsory accident insurance applied to workers at construction sites today? How are the regulations and benefits enjoyed for workers and workers at the construction site when risks occur.
Buying compulsory accident insurance for employees is a requirement of the state for investors or construction contractors today.
1. What is compulsory accident insurance?
What is compulsory accident insurance applied to workers at construction sites today?
According to the provisions of the Circular No. 329/2016/TT-BTC of the Ministry of Finance, issued on December 26, 2016, guiding the Government's decree, regulations on compulsory insurance in construction investment activities. According to regulations, compulsory accident insurance is a type of insurance for workers and workers in projects, works and construction sites, with a minimum liability of 100 million VND. action/person/department to ensure the rights of workers when incidents occur, because the risk of accidents occurring at construction sites is great, focusing on safety, workers' rights or construction workers is an extremely necessary job. This Circular applies to construction investors and contractors in construction investment activities; consultancy contractors; construction contractor….
Investors or contractors must purchase professional liability insurance for construction investment consultancy for construction survey, construction design of construction works of grade II or higher. Construction contractors must purchase insurance for construction workers on the construction site (except for works related to national defense, security and state secrets).
For construction investment consultants, the professional liability insurance period starts from the date of consulting work to the end of the construction warranty period as prescribed by law. For workers performing construction work on the construction site, the insurance period starts from the date of execution of the construction work on the construction site until the end of the warranty period for the works as prescribed by law. The determination of the specific insurance period for employees is based on the labor contract.
Buying compulsory accident insurance is to protect the interests of workers at construction sites with many potential risks
2. Where should I buy compulsory accident insurance?
The investor or construction contractor according to state regulations must buy compulsory insurance for employees, at this time the insurance enterprises will be obliged to perform the responsibility to compensate the investor or construction contractor. The amount of money that investors or construction contractors must compensate workers and workers when there is a risk leading to injury or death due to occupational accidents or occupational diseases arising from the performance of work. construction work on site, except for cases not covered by insurance liability. Therefore, investors or construction contractors need to choose a reputable insurance company with strong financial potential to ensure their own and employees' interests. Easy Cash Loan Insurance is a great suggestion for investors or construction contractors.
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