First of all, let's talk about what group accident insurance isGroup accident insurance is a type of accident insurance coverage that is designed for groups. As a business insurance, it falls under the category of company benefits and is designed to protect employees against personal accident risks. Its insurance rates are low, easy to operate, and can be paid in a lump sum. The insured is an employee of the company, the subject of insurance is the personal safety of the employee, and the beneficiary of the insurance is the employee and his or her immediate family members. Specific coverage liabilities include death or dismemberment caused by accident or work-related injury, accidental medical expenses, and hospitalization benefits.
The essence of insurance is the transfer of risks, and the purpose of enterprises to purchase supplementary commercial insurance is to diversify the risks of enterprises, but the real types of insurance that can transfer the risks of enterprises are employer's liability insurance. The insured of the employer's liability insurance is the enterprise, the subject matter of the insurance is the employer's statutory liability for work-related injuries, and the beneficiary is the enterprise. However, employers' liability insurance rates are usually relatively high.
The insured of group accident insurance usually does not need the consent of the policyholder when applying for a claim, but at the time of application, a special agreement may be signed to stipulate that the consent of the policyholder is required for the later settlement of claims. This can cause some trouble, so it's important to verify that there is a special agreement and ask the employee to sign a transfer contract confirming that they have accepted the compensation. This is to cover the employee's own losses, and it is necessary to use the insurance company's compensation.
Secondly, why do you need to buy group accident insurance separately for construction projects?There are several main reasons for this:
1.Regulatory requirements: Engineering insurance is usually subject to the requirements of relevant laws and regulations, and the construction unit needs to apply for relevant insurance.
Article 48 of the Construction Law of the People's Republic of China (2019 Revised Edition) Construction enterprises shall pay work-related injury insurance premiums for employees to participate in work-related injury insurance in accordance with the law. Enterprises are encouraged to apply for accident insurance and pay insurance premiums for employees engaged in dangerous operations. Article 38 of the Regulations on the Administration of Work Safety in Construction Projects (Order No. 393) The construction unit shall handle accident insurance for personnel engaged in dangerous operations at the construction site. The accident insurance premium is paid by the construction unit. In the case of general construction contracting, the general contractor shall pay the accident insurance premium. Accident insurance period: from the date of commencement of the construction project to the completion of acceptance.
2.High-risk occupations: Construction companies manage a large number of construction workers, and due to the nature of their work, most of these workers belong to high-risk occupations and are prone to accidental injuries.
3.Mobility issues: Construction workers are highly mobile and frequently change personnel, which can be problematic for group accident insurance, which generally requires a named insurance. Therefore, the construction group insurance came into being, which broke through the restrictions of traditional group insurance on occupational level and registered insurance.
4.Labor relations: Construction workers usually work under a labor contract, not an employment relationship. This makes it difficult for them to enjoy benefits such as five insurances and one housing fund, including work-related injury insurance. Construction Group Insurance can compensate for this deficiency and ensure that compensation can be obtained in the event of an accident.
Finally, there are some insurance responsibilities and insurance precautions for the construction group's accident insurance
1.Duration of insurance: The duration of insurance for construction accident insurance usually coincides with the construction time in the construction contract. In the event of early completion, the insurance liability terminates;If the construction period is extended, it is necessary to go through the insurance extension procedure.
2.Insurance method: It can be insured according to the project cost or the area of the construction area, which is anonymous. Relevant information needs to be provided when applying for insurance, including the project contract, bill of quantities, insurance amount requirements and construction qualifications.
3.Determination of the insured amount: The insured amount is generally determined by the insured enterprise itself, and the insured amount of construction accident insurance is usually required in the contract signed between the construction unit and the owner. Generally speaking, the common sum insured requirement is an accidental disability limit of between $300,000 and $600,000.
To sum up, the separate setting of group accident insurance for construction projects is in line with the requirements of regulations, and also takes into account the characteristics of high-risk occupations and high mobility of construction workers, so as to ensure that they can be effectively protected in the event of accidental injuries at work.
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