The manufacturers have increased employee insurance

In January, according to the State Insurance Supervision Service, as part of employee insurance against accidents and diseases at work collected 897.55 thousand manats, which is 71.49% more than the same period last year.

Conclusion is in the three years of the special effects of the law on employers is increasing.

Turan was told in the public service of insurance control 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 prizes. 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 have already signed contracts with insurance companies.

The law "On mandatory insurance of disability of individuals from accidents and occupational diseases" was approved in July 2010. In December of the same year, started the process of approval of regulations for the start of service for this type of insurance.

According to the State Insurance Supervision Service of the Ministry of Finance, the payments for this type of insurance totaled AZN 54.37 thsd (+7.9% compared to last year).

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, one-time and extra. - 17D-