The Law “On compulsory insurance from cases of loss of professional ability as a result of accidents in production and occupational diseases” regulates the relations in the field of compulsory insurance of industrial injury and occupational diseases in the Republic of Azerbaijan; defines the legal, economic and organizational basis of these relations; in other words, provides the insurance payment for the death or loss of professional abilities as a result of damage to the life and health of the insured persons.
Death as a result of an industrial accident or occupational disease;
Permanent or complete loss of professional ability as a result of an occupational accident or employment disease;
Of the annual salary fund for servants (managers, specialists, technical executors)
Of the annual salary fund for workers
As is known from the name of this insurance product, regardless of ownership and organizational-legal form, enterprises, offices and organizations, their affiliates and representative offices, state bodies and other agencies must be provided for the compulsory insurance.
In the event of an insured accident, the employer will be liable to his employee in the amount of insurance coverage specified by this law, if the insurance contract was not concluded. It will also be fined in the amount prescribed by law.
