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GEORGIA: from January 1, 2019 industrial accident insurance of employees will be compulsory

On January 1, 2019 in Georgia the article 5 of the law "On work safety" will come into force; based on it employers will be obliged at their expense to provide employees with industrial accident insurance.

According to Devi KHECHINASHVILI, Chairman of the Board, Georgian Insurance Association, it is really necessary to establish limits and standards for this type of insurance.

"We have now an obligation to purchase accident insurance. This applies to many people. Thus, to protect possible victims, we need a clear definition what this type of insurance is about. We need legislative amendments. If the limits are not determined, for example, what insurance product is needed for a painter, he/she may purchase the cheapest product with protection that is not enough to cover any accident indemnity, which is considered by the government ", explained KHECHINASHVILI.

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