According to the Law of the Republic of Azerbaijan dated May 11, 2010 “On compulsory insurance against loss of professional capacity as a result of accidents at work and occupational diseases”, the following persons are obliged to conclude a compulsory insurance contract:

Enterprises, departments and organizations, their branches and representative offices with the status of a legal entity established in accordance with the legislation of the Republic of Azerbaijan or a foreign state, regardless of the ownership and organizational-legal form operating in the Republic of Azerbaijan;

•  government agencies;
  
• individuals engaged in entrepreneurial activity without establishing a legal entity;
  
• elected bodies;
  
• individuals engaged in entrepreneurial and labor activities on an individual basis

According to the law, the insured event is determined on the basis of:

-          an act on an industrial accident drawn up in the form established by the relevant executive authority, or a court decision on the occurrence of an industrial accident in respect of a person in whose favor a compulsory insurance contract must be concluded;

-          decision of the relevant executive authority confirming the degree of loss of professional capacity of the insured as a result of an industrial accident or occupational disease, or death certificate of the person.

Compulsory insurance contract is issued only by an insurer licensed to carry out insurance activities in the field of life insurance and authorized by the financial market supervisory authority to carry out compulsory insurance against occupational accidents and occupational diseases as a member of the Compulsory Insurance Bureau.

Compulsory insurance contract is concluded in the form of an electronic document through the information system provided by the Law of the Republic of Azerbaijan “On Compulsory Insurance”.

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