Azerbaijani insurers offered to setup labor protection fund
Baku, Azerbaijan, Oct. 11
By Anvar Mammadov – Trend:
Azerbaijan’s insurance companies must assist in establishing a labor protection fund, the Minister of Labor and Social Protection of Population Salim Muslimov told reporters Oct. 11.
“We believe the insurance companies could establish a labor protection fund with help of a part of their insurance collections, moreover, we prepared relevant drafts on it. The fund’s establishment may resolve the legislation issue in this area,” said the minister.
Muslimov also noted that due to employers’ non-compliance with safety standards, in recent times the number of incidents and accidents in the workplace has increased, which results in compensation payments by insurance companies.
“We have repeatedly warned, asked, told, through media as well, all employers, especially those in the construction sector, about the necessity of compliance with safety standards. Nowadays, there is a worldwide economic crisis, but this does not imply that the financial means allocated for accident prevention can be saved and directed to other areas,” said the minister.
At present, compulsory insurance services against industrial accidents are rendered by three insurance companies - Ateshgah Life, Qala Life and PASHA Life.
Currently, 25 insurance companies operate in Azerbaijan.