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13-04-2021

Personal Accident Insurance


On March 7, 2018, the Parliament of Georgia issued a law pertaining to occupational safety. Under Section 5 of Article 5 of the new law, which came into effect on January 1 of 2019, insurance from accidents is mandatory for all personnel employed in jobs that are hazardous and dangerous.

 

Personal accident insurance provides complete financial protection to the insured employees against uncertainties such as accidental death, bodily injuries, and partial/total disabilities, resulting from an accident.

 

Receiving, storing and the transshipment of oil and oil products is considered a hazardous field. As such, our company has renewed its personal accident insurance contract. Insurance from corporate accidents involves remuneration payments in cases of accidental discharges within the preliminary limits.

 

We believe that our company will always aim to improve the social conditions of our employees, as well as defend the requirements established by Georgian legislation.

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