Construction contractors must purchase compulsory civil liability insurance with a third party

Bao Ngoc

08:01, 11/03/2022

On March 10, 2022, the Government issued Decree 20/2022/ND-CP amending and supplementing Decree 119/2015/ND-CP stipulating compulsory insurance in construction investment activities.

Accordingly, additional subjects must buy compulsory insurance in construction investment activities as follows:

Construction contractors must purchase compulsory insurance for construction workers on the construction site and compulsory insurance for civil liability (TNDS) for third parties.

(Compared to the current, additional regulations that construction contractors must purchase compulsory CIT insurance for third parties)

In addition, Decree 20/2022/ND-CP also adds the cost of compulsory CIT insurance for third parties, specifically:

For compulsory insurance for construction workers on the construction site, compulsory CIT insurance for third parties: The premium is included in production and business expenses.

At the same time, supplementing regulations on compulsory civil liability insurance period for third parties is a specific period, counting from the start date to the end date of the construction period based on the construction contract and recorded in the contract. in the insurance contract.

Decree 20/2022/ND-CP takes effect from July 1, 2022.

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