An accident is a physical injure, which has arisen to an insured person as a result of sudden, external circumstances during the validity of insurance policy.
Employee Accident Insurance of Seesam Latvia will prevent your employees from financial losses in cases of traumata, fractures, burns, cerebral commotions and other injuries.
Seesam Latvia offers to every enterprise to develop an individual proposal of employee accident insurance. Any employer himself may select a preferable sum of insurance and insurance risks for his enterprise by taking into account the scope of an enterprise, the amount of employees, the occupation. Accident insurance may be valid 24 hours a day or only during working hours, including the way to/from work.
Employees may be insured against the following risks of accidents:
A compensation in case of fractures or traumata;
Unexpected medical expenses after an accident;
A compensation in case of a mutilation, disability or death;
A definite payment for every day of hospitalization (hospital money);
Daily subsistence allowance for every day of temporary disability;
A compensation in case of burns and frostbites;
A compensation in case of the critical (crisis) affection.
Company employees may be insured everybody with equal insurance covers or divided in risk groups by taking into account the occupation and by stipulating different insurance cover, territory and the period of validity for every group.
Tax relief!
The following tax relief is prescribed in the regulatory enactments of the Republic of Latvia for the legal persons, who have concluded the insurance contract on accident insurance:
Insurance premium is not imposed by enterprise income tax (the payments for the insurance premium may be deducted from the earnings of an enterprise);
The payment of insurance premium is not the source of income taxable by personal income tax (unless the insured person’s insurance premium exceeds 10% of the gross work renumeration of the year and exceeds 300 LVL);
Insurance premiums are not included in the object of mandatory payments of social insurance (unless they exceed the per cent and amount mentioned above).