What are the regulations on insurance period for construction site personnel in Vietnam under the Decree 67/2023/ND-CP?
- When will the insurers be not liable for paying indemnities for construction site personnel in Vietnam?
- What are the regulations on insurance period for construction site personnel in Vietnam under the Decree 67/2023/ND-CP?
- How much are the insurance premiums for construction site personnel in Vietnam under the Decree 67/2023/ND-CP?
When will the insurers be not liable for paying indemnities for construction site personnel in Vietnam?
Article 49 of Decree 67/2023/ND-CP stipulates the Insurance coverage and insurance exclusions:
Insurance coverage and insurance exclusions
1. Insurance coverage
Insurers shall pay construction contractors indemnities payable by the latter to employees for their injury or death due to occupational accidents and occupational diseases arising from construction on construction sites, except for the cases prescribed in Clause 2 of this Article.
2. Insurance exclusions
Insurers are not liable for paying indemnities in the following cases:
a) Insurance exclusions prescribed in Points a, b, c, d, dd, g, h and i clause 2 Article 34 hereof.
b) Losses related to asbestos or any materials containing asbestos.
c) Losses incurred by contradictions between employees and other people involved in accidents which do not occur due to construction on construction sites.
d) Losses incurred by deliberate self-harm (DSH) to health by employees.
dd) Losses incurred by use of narcotics or drugs contrary to the regulations of law (except in cases where the drugs are prescribed for treatment as prescribed by licensed doctors).
e) Losses incurred by intentional violations against law of policyholders or the insured (except cases where employees of narcotics or drugs contrary to the regulations of law (except in cases where employees defend themselves, save people, save property or use stimulants for treatment as prescribed by doctors).
According to the above regulations, Insurers are not liable for paying indemnities in the following cases:
- Insurance exclusions prescribed in Points a, b, c, d, dd, g, h and i clause 2 Article 34 of Decree 67/2023/ND-CP.
- Losses related to asbestos or any materials containing asbestos.
- Losses incurred by contradictions between employees and other people involved in accidents which do not occur due to construction on construction sites.
- Losses incurred by deliberate self-harm (DSH) to health by employees.
- Losses incurred by use of narcotics or drugs contrary to the regulations of law (except in cases where the drugs are prescribed for treatment as prescribed by licensed doctors).
- Losses incurred by intentional violations against law of policyholders or the insured (except cases where employees of narcotics or drugs contrary to the regulations of law (except in cases where employees defend themselves, save people, save property or use stimulants for treatment as prescribed by doctors).
When will the insurers be not liable for paying indemnities for construction site personnel in Vietnam? (Image from the Internet)
What are the regulations on insurance period for construction site personnel in Vietnam under the Decree 67/2023/ND-CP?
Article 50 of Decree 67/2023/ND-CP stipulates the insurance period as follows:
- The insurance period of a compulsory insurance for construction site personnel shall start from the commencement date of construction to the end of the maintenance period of the construction work as prescribed by law.
- The specific insurance period of construction site personnel shall be determined on the basis of their employment contracts and written confirmations of construction contractors of the length of time spent working on construction sites.
How much are the insurance premiums for construction site personnel in Vietnam under the Decree 67/2023/ND-CP?
Insurance premiums for construction site personnel are specified in Article 51 of Decree 67/2023/ND-CP as follows:
- An insurance premium of a compulsory insurance for construction site personnel shall be prescribed in Annex V enclosed with Decree 67/2023/ND-CP.
See the insurance premium file here.
The insurer may increase or decrease the insurance premium by up to 25% according to the risk level of the insured.
In case the insured is the direct cause of higher insurance coverage than principal insurance premium collected from the compulsory insurance for construction site personnel in the immediately preceding fiscal year, on the basis of data verified by actuaries of the insurer and an independent audit organization, upon renewal of the insurance policy, the insurer and policyholder may negotiate insurance premium and deductible to ensure the solvency of the insurer.
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