• Last updated:2022-06-14

To reduce the burden of insurance premiums on workers and employers during the early period after the Act came into effect, the Act stipulates that for the first three years the premium will be charged based on the specific industry and rate schedule to which the Labor Occupational Accident Insurance is currently applicable (the promulgated average premium rate for occupational accidents applicable to industries in 2022 is 0.20%) and that from the fourth year the rate will be adjusted based on the result of the actuarial calculation. For any insured unit that employs no less than 50 employees, a merit rating system is adopted to accurately reflect the level of risks of occupational accidents in each industry for the purposes of encouraging employers to emphasize occupational safety and health and reducing the occurrence of occupational accidents.

• Source:Department of Labor Insurance
• Publication Date:2022-06-14
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