Work Safety Liability Insurance
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It’s time to renew the work safety liability insurance again this year – do you offer such coverage? What is the contribution base? Here, it’s for 500–1000 people with additional damage, with a base amount of 66,000 yuan. . What about yours? Also, what is the individual liability limit?
Those who haven’t paid, just pass by. . :lol
Could you tell us how your company handles this work safety liability insurance? We also plan to obtain it, so we would appreciate any experience you can share in this area
It’s not mandatory, right? I’ve never paid it! The company’s finances aren’t that huge! **Encouragement – the boss doesn’t get involved! ;P
This is a type of insurance that is encouraged for companies to purchase, but our safety supervision agency requires its compulsory enrollment. It actually brings many benefits to businesses. For example, in the event of an injury or death accident, there is a personal liability limit in place, and the limit for the previous year was over 390,000; the insurance premium required is only around 40,000. One can approach local insurance companies to arrange this coverage – companies such as Pacific Property & Casualty, People’s Property & Casualty, and Great Wall Insurance offer this type of insurance. There are also various discounts available: a 10% discount can be obtained if the company achieves level 2 safety standards, and another 10% discount if it receives an A rating in terms of safety performance; the maximum discount can reach 30%. It depends on the insurance companies in different regions; it might be cheaper as well.
The payment amount is also determined based on the number of employees; in our case, there are around 1,000 employees, and the base amount is 66,000 yuan
It makes quite sense; I should take the time to learn more about this area