In Azerbaijan, several types of compulsory insurance exist. Here are the main categories:
- Compulsory Motor Third-Party Liability Insurance (MTPL)
This insurance is required for all vehicle owners in Azerbaijan. It covers damages caused to third parties in case of an accident, including bodily injury, death, or property damage.
- Compulsory Health Insurance (CHI)
Azerbaijan has a system of compulsory health insurance, which was gradually introduced in phases. It aims to provide citizens with basic healthcare coverage and is administered through the State Agency on Mandatory Health Insurance. This system primarily targets certain groups like pensioners, public sector employees, and the economically vulnerable.
- Compulsory Insurance of Employee Accidents at Work
Employers in Azerbaijan must provide insurance coverage for employees against accidents at work or occupational diseases. This ensures that employees can receive compensation or treatment if they are injured or fall ill due to work-related circumstances.
- Compulsory Insurance of Property in Certain Cases
Some forms of property insurance are required by law, particularly in sectors where there are specific risks. For example, companies in the oil and gas industries may be required to ensure their operations and facilities meet environmental or industrial safety regulations.
These forms of insurance aim to protect the public and ensure that individuals or organizations take financial responsibility for certain risks.
Our company provides services to clarify compulsory insurance and helps in the process of insurance for individual entrepreneurs (IP) and legal entities.
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Frequently asked questions
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- Legal entities (companies and organizations).
- Individual entrepreneurs (IE) who hire workers.
- One-time payments for industrial injuries.
- Regular payments for loss of ability to work.
- Compensation to the family in the event of the death of the insured person.
- Conclude an agreement with an accredited insurance company.
- Calculate the amount of insurance premiums (depends on the payroll fund).
- Regularly transfer insurance payments.
- In the event of an insured event, file an application with the insurance company and receive payments.
- Employers - for their employees.
- Individual entrepreneurs - for themselves and their employees.
- Medical examinations and diagnostics.
- Treatment in clinics and hospitals.
- Emergency medical care.
- Partial or full coverage of the cost of medicines.
- Conclude an agreement with the State Agency for Compulsory Medical Insurance.
- Pay insurance premiums within the timeframes established by law.
- If necessary, use medical services under the insurance.
We understand that insurance can seem complicated, so we are ready to help you at every stage:
- We will explain all the details of compulsory insurance.
- We will prepare the necessary documents.
- We will help you get insurance quickly and without unnecessary hassle.
- We will support you in the event of an insured event.
Don't put off important questions - contact us, and we will make the insurance process simple and clear!
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