Decree 20/2022/ND-CP supplements regulations on buying compulsory insurance for civil liability (TNDS) for third parties.
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| Construction contractors must buy compulsory insurance for construction workers on the construction site and compulsory insurance for civil liability for third parties (source: Internet). |
Specifically, on subjects who must buy compulsory insurance in construction investment activities, the Decree amends and supplements Clause 3, Article 4 as follows: Construction contractors must purchase compulsory insurance for their employees. construction on site and compulsory CIT insurance for third parties.
The cost of purchasing compulsory civil liability insurance for a third party is similar to the cost of compulsory insurance for construction workers on the construction site and is suitable for the subject that must buy insurance as a construction contractor. submit. Therefore, the Decree amends and supplements the provisions at point c, clause 4, Article 3 as follows: For compulsory insurance for construction workers on the construction site, compulsory insurance of civil liability for third parties: Fees Insurance is included in the cost of production and business.
At the same time, the additional Decree stipulates that the period of compulsory civil liability insurance for third parties is a specific period, counting from the start date to the end date of the construction period based on the construction contract and stated in the insurance contract.
The Decree also adds Point d, Clause 1, Article 6 on insurance coverage, excluding liability insurance. Accordingly, for compulsory civil liability insurance for third parties: The insurance enterprise shall be responsible for indemnifying the construction contractor for amounts that, according to the law, the construction contractor has liability to compensate a third party for non-contractual damages to health, life, property directly incurred during the construction process and relevant legal costs (if any) within the scope of the contract. insurance liability as agreed in the insurance contract.
Specify the minimum insurance amount
Decree 20/2022/ND-CP supplements Clause 4, Article 10 on the minimum amount of civil liability insurance for third parties as follows:
a- The minimum insurance amount for damage to health and life is VND 100 million for one person in one case and there is no limit to the number of loss cases.
b- The minimum insurance amount for property damage and related legal expenses (if any) is determined as follows:
For works valued at less than VND 1,000 billion, the minimum insurance amount for property damage and related legal costs (if any) is 10% of the value of the work for the entire insurance period. and unlimited number of losses.
For works valued at VND 1,000 billion or more, the minimum insurance amount for property damage and related legal costs (if any) is VND 100 billion for both the insurance period and Unlimited number of losses.
This Decree takes effect from July 1, 2022.
Source: https://baoxaydung.com.vn/