Compulsory Labour Accident Insurance is designed for companies that are obliged to insure their workers and employees under the Ordinance on the compulsory insurance of workers and employees against risks of accidents at work, adopted with Government Decree 24 on 06.02.2006 (The Ordinance).

 

 

Covered risks:

•  Death due to an accident
•  Permanently reduced working capacity due to an accident at work
• Temporary disability due to an accident at work

The Ordinance limits the insurance coverage period of risks covered, namely: only during and in connection with or because of the work performed (art. 55, para 1 of the Social Insurance Code /SIC/). In order to provide maximum security to insured persons, LIC Saglasie AD offers additional options against small extra payment. In this connection you can select:

•  Coverage for the time while going to or returning from working place (pursuant to art. 55, para 1 and para 2 of the SIC)
•  Opportunity for employers to provide better cover of insured workers and/or employees for the risk Temporary disability due to accident at work. A limit of indemnity amount between BGN 1 000 and BGN 10 000 per person may be defined. In this case indemnity for temporary disability of the worker / employee  is calculated as percentage of the selected limit and does not depend on his/her  minimum monthly salary.

Insured persons: persons who work in the main or subsidiary business activity of companies in business sectors with same or higher than the average industrial traumatism in the country.

Sum Insured – is determined on monthly gross salary basis of the insured employees at the moment of concluding the insurance. Sum insured  cannot be less than the amount of annual gross salary of the respective employee multiplied by seven.

Insurance period –1 (one) year but not less than 1 (one) month.

 

Insurance premium: single payment or deferred  instalments.

 

Currency: BGN

 

Territorial range: worldwide