Mandatory work insurance – more benefits and details
Another factor has a major impact on the mandatory work insurance availability, apart from the sector the company is working in, is the influence it has on insurance as it encourages businesses to get their work insurance for the employees that are hired at the business firm. This way they are able to get extra protection for themselves in case companies are made to pay off an injured employee. As a matter of fact, legislation for making work insurance in businesses mandatory is still in the future because the government realizes that paying the compensation for the damages of employees may lead to the collapse of corporations which is of no use to the governing organs since it will lead to massive unemployment. However, in the current situation the government usually offers tax rebates to companies that offer insurance for their employees. This serves as an incentive so that other businesses may follow suit.
Nowadays if an employee feels that the compensation they have received for an injury is not adequate they can easily involve a lawyer or could even bring a lawsuit against the company they work for. This means only that the mandatory work insurance (Præmiesatser på lovpligtig arbejsskadeforsikring is the term in Denmark) is an important component of business working patterns because it ensures that employees get compensated properly for the injury they have suffered and it also gives the insured a feeling of safety that the business they are working for is not under threat that it may go bankrupt in case it is forced to pay up an employee.
Mandatory work insurance covers for a wide range of professions that involve some physical risk based on what the job includes. However, there are also some other practitioners that use these special services such as lawyers, doctors, accountants and auditors whose work is usually related to other companies` business. Another more peculiar type of profession is that of the computer specialists and also people who frequently drive company cars. Some time ago, mandatory work insurance was only limited to the so-called manual workers, non-manual workers who were exposed to a dangerous work environment and also self-employed agricultural workers.
Some insurance companies offer extension of coverage which is expected to bring about new dirigenti and a lot of other assimilated employees in the system. Another innovation is the expansion and revision of the list containing the physical and mental diseases that are covered by the mandatory work insurance. With these new rules, the employee can pay one third of the contribution whereas previously the expenses were covered fully only by the employer.
A reward – penalty system is being incorporated aiming to reward businesses that put an emphasis on safety first and struggle to penalize those with poor safety records.
Mandatory work insurance encompasses a lot of aspects and is apt to serve many different business sectors. Thus it is important for the smooth running of business.
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