A collective agreement accident insurance is the insurance that is established by the collective agreement in which a business activity is framed. This type of insurance may be mandatory when it is established by the agreement in question. It is therefore important to get good advice when hiring this type of insurance.
What does the collective agreement insurance cover?
Hiring collective agreement insurance covers occupational accidents that may be suffered by the workers of a company in the performance of their duties. The policyholder of this insurance is the company while each of its workers are the insured. As for the capital that is insured in these policies, it is the company's own collective agreement that establishes the capital that each employee will receive in the event of an occupational accident.
Who would be covered in the collective agreement insurance?
As we have already anticipated, this type of insurance covers all the workers of a company who are registered with Social Security. Therefore, at each expiration of the policy, the insurance is regularized based on the number of company employees.