What is OSGOR?
Compulsory insurance of the employer's civil liability for harm to the life and health of an employee in the performance of their labour or official duties is a type of compulsory insurance provided for by the legislation of the Kyrgyz Republic.
The object of insurance is the property interest of the employer related to their obligation to compensate for harm caused to the life and health of an employee in the performance of employment duties.
The OSGOR contract is concluded between the employer and the insurance organisation in favour of the employee who may be harmed in the performance of labour or official duties.
Who is OSGOR intended for?
The policyholders under OSGOR are employers to whom the requirements of legislation on compulsory insurance of employer's liability apply.
OSGOR is relevant for organisations and entrepreneurs who use the labour of employees and have the corresponding employer obligations.
The law provides that employer's liability insurance does not regulate the civil liability of an employer in relation to employees of state institutions.
What risks are associated with OSGOR?
An insured event is associated with the occurrence of the employer's civil liability for harm caused to the life or health of an employee in the performance of labour or official duties.
The consequences provided for by law include:
- - temporary total or partial loss of ability to work as a result of a work-related injury;
- - permanent total or partial loss of ability to work;
- - death of an employee as a result of a work-related injury;
- - occupational disease in cases provided for by legislation.
- The company's OSGOR page also lists temporary or permanent loss of ability to work and death of an employee as a result of a work-related injury.
What does the sum insured and the cost of OSGOR depend on?
The sum insured is determined by the contract but must not be less than the annual wage fund of all employees in the relevant categories of personnel.
The insurance premium is calculated by applying the insurance tariff to the sum insured. The limits of tariffs are differentiated depending on the type of economic activity, the class of professional risk, and the category of personnel.
On arsins.kg it is stated that the tariffs take into account:
- - the type of economic activity;
- - the class of professional risk;
- - production personnel;
- - administrative and managerial personnel;
- - auxiliary personnel.
- The specific amount of the insurance premium must be calculated individually.
Term of the contract
As a general rule, the OSGOR contract is concluded for a period of 12 months from the date of entry into force. If the employer's activity is carried out for less than 12 months, the contract is concluded for the period of such activity.
The contract does not terminate automatically after the first insured event if the established insurance period continues.
How to take out OSGOR?
To apply, it is necessary to contact the insurance company and provide the information required to determine the sum insured and the premium.
The main stages:
- 1. determine the employer's details;
- 2. determine the categories of employees;
- 3. determine the wage fund;
- 4. determine the type of economic activity and the class of professional risk;
- 5. calculate the insurance premium;
- 6. submit an application;
- 7. conclude the insurance contract;
- 8. receive the insurance policy.
- The compulsory insurance contract is concluded in writing on the basis of the policyholder's application.
Who needs OSGOR?
OSGOR is intended for employers to whom the obligation of compulsory insurance of the employer's civil liability applies.
What does OSGOR cover?
The insurance is related to the employer's liability for harm to the life and health of an employee in the performance of labour or official duties.
What does the cost of the policy depend on?
On the sum insured and the applicable tariff, which is related to the type of economic activity, the class of professional risk, and the category of personnel.
For what term is the contract concluded?
As a rule, for 12 months. For activities carried out for less than 12 months, the law provides for a contract for the period of such activity.
Can the cost be found out in advance?
Yes, the cost is calculated taking into account the parameters of the employer and employees. For an accurate calculation, the relevant data must be provided.
The specialists of the Closed Joint-Stock Insurance Company "ARSENAL-KYRGYZSTAN" are ready to advise you on any questions
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