For accidents in the workplace increased insurance premiums

Results collection of premiums for compulsory insurance for incapacitating individuals from accidents and occupational diseases is poor. With an average optimal volume of this segment of the local insurance market is 3.5 million manats a month in January-September, collected (by the Finance Ministry) 20,455,811.55 manat, which is 16.8% more than the same period last year

The public service of the insurance control said that is a good result against the failure by private entrepreneur requirements for accounting staff. Progress is obvious - for 10 months last year collected and paid much less - 17.51 ??million manat with payments of 195,720 manat. According to him, at the end of this year is expected to reach 75-80% of enterprises with 25 million manat. 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, there are only 462,110 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, with the approval of regulations service 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 1 million AZN 46,290, which means a five-time (5.3-fold) increase compared to the same period last year.

Total premiums insurers for this type of insurance for all of last year amounted to 18,900,720 AZN and payments were 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 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-