Shandong will launch a pilot program of safety production liability insurance next month

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It was learned from the Shandong Provincial Government that Shandong Province will take the lead in launching a pilot project on safety production liability insurance in some of the more dangerous industries. The pilot work will begin in June this year.
It is reported that the first batch of pilots are the production and operation units of mines, hazardous chemicals, civil blasting equipment, fireworks and firecrackers, etc. in the risky industries. Shandong Province will implement unified insurance clauses and rates. The insurance clauses and rates will be formulated by Shandong Provincial Safety Supervision Bureau and Shandong Insurance Regulatory Bureau in accordance with relevant regulations. In order to give full play to the price leverage of the insurance premium rate, the safety production liability insurance implements a rate floating mechanism combined with the safety production standardization of the insured enterprise and the occurrence of accidents in the past, and promotes the insured enterprise to consciously do a good job in safety production. .
The premiums are paid by the insured unit according to the regulations, and may also be included in the safety expenses drawn by the production and operation units. In the event of a production safety accident caused by a production safety accident, the employee shall be compensated according to the provisions of the “Shandong Province Safety Production Regulations” regarding the compensation for death, that is, not less than 20 per capita per capita of the per capita disposable income of urban residents in the previous year. The amount of compensation is determined in multiples. If the employee is injured, the compensation shall be paid in accordance with the relevant provisions of the additional insurance in the insurance contract.
In order to support enterprises to use commercial mechanisms to promote safe production, the Shandong Provincial Government stipulates that production and business units participating in safety production liability insurance may reduce or exempt safety production risk mortgages; allow underwriting companies to extract disaster prevention and loss based on 5% of premium income. The expenses are used for expenses such as safety production publicity and education, and investigation and management of hidden dangers; and participation in safety production liability insurance shall be stipulated as a reference condition for handling safety production licenses. In addition, Shandong Province will also take the pilot work of safety production liability insurance as an important basis for the evaluation of safety production and financial and ecological environment construction in cities and counties, and commend the city, county and underwriting companies for conducting pilot projects.

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