Actions on the awareness of entrepreneurs ineffective

From January to December every entrepreneur on average paid on compulsory insurance for incapacitating individuals from accidents and occupational diseases 44 manat.

As the State Insurance Supervision Service, the average optimal volume of this segment of the local insurance market is 3.5 million manats a month in January-September raised AZN 20,804,667.73, which is only 13.4% more than the same period last year. Conclusion - two and a half years of the special law is not highly effective impact on employers.

On the question from Turan the public service of the insurance control said that is a good result against the failure by private entrepreneurs of requirements for accounting staff. According to chief of department Finance Mahir Abdullayev, the outcome of this year is expected to reach 75-80% of the enterprises with 25 million manat of premiums. To complete the same amount of expected premiums should initiate a series of fines for negligent businessmen.

In Azerbaijan, while operating only three companies specializing in life insurance and have the legal right to provide services for compulsory insurance and disability of individuals from accidents and occupational diseases in the workplace.

According to the Ministry of Taxes, the country is almost 463 thousand entrepreneurs (potential employers). Of these, about one fifth of the population provides a real-time. In this case, all of the natural monopolies and business leaders to inspection at the Ministry of Labor and Social Welfare has already signed contracts with insurance companies.

As previously reported, the law "On mandatory insurance of disability of individuals from accidents and occupational diseases" was approved in July 2010. In December 2010, the process of approval of regulations for this type of insurance started.

According to the State Insurance Supervision Service of the Ministry of Finance, the payments for this type of insurance totaled AZN 1096690, which means a fourfold increase compared to the same period last year.

Total premiums insurers for this type of insurance for all of last year amounted to 18900720 manat payments - 292,380 manat.

The Cabinet of Ministers in November 2010 approved the tariffs for compulsory insurance and disability due to accidents at work. According to the decree, all economic activities are divided into 14 levels of risk.

Based on this level of risk, determined the amount of the insurance rate for employees and workers at the plant, which is 0.2% to 2% depending on the risk level of the enterprise. In the state budget for the insurance of persons working in the public and governmental entities and organizations, this type of insurance, starting in 2011, provides for the allocation of 10.03 million manat.

By law, the insurance rate is calculated from the capacity of the wage bill in the enterprise. The law provides for three types of insurance payments: monthly and one-time extra. - 17D-