Isn’t this requirement pretty good?
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**Opinions of the State Council on Promoting Reform and Development in the Field of Work Safety (December 9, 2016) (29) Leverage the driving role of market mechanisms. Abolish the system of safety production risk deposits, and establish a sound system for safety production liability insurance; enforce its use in high-risk industries such as mining, hazardous chemicals, fireworks and firecrackers, transportation, construction, consumer goods, metal smelting, and fishery production. Is this better than the previous system?
One should not focus only on the preceding sentence; it is necessary to consider the sentence that follows as well: Abolish the system of safety production risk deposits, and establish and improve a system for safety production liability insurance； It means changing the previous system of collecting security risk deposits to one in which insurance companies collect insurance premiums; this approach gradually makes such a system more market-oriented and better suited to practical realities ； The key is knowing how to proceed; currently, many companies fail to pay even the full amount required for social insurance and housing funds, making it even more difficult to implement a safety production liability insurance system.
It mainly depends on whether the enterprises implement it properly; nowadays, most small and medium-sized enterprises do pay it
It’s good indeed, but what if something goes wrong and the company has no money?
To obtain a work safety license, it is mandatory to have work safety liability insurance; it is not possible to proceed without it.
One can have him pay first and include it in the insurance coverage, with the insurance company covering the cost in the end; this is a good approach that is also in line with the principles of a market economy.
It’s a good thing! The burden on businesses will not decrease; previously money was paid to **, and now it is paid to insurance companies, which seems more reasonable.
We haven’t had to pay any risk deposit here for a long time; we’ve been paying for safety liability insurance for many years. The insurance premium is reduced depending on factors such as the standardization level and whether the company is recognized as a model in terms of safety culture construction. For our company with around 1,000 employees, the premium is between 40,000 and 50,000