Calculation of premium
The premium for labor occupational accident insurance is calculated based on the insured's monthly insured salary and premium rate for the current month. Labor Occupational accident insurance premium rates are divided into "industry accident fee rate" and "single rate for accidents on the way to/from work". Industry-specific accident fee rates apply different rates according to the nature of each industry; the single rate for accidents on the way to/from work is calculated at 0.07%. According to the current "Table of Business Category and Premium Applicable for the Occupational Accident of Labor Insurance " promulgated on January 1, 2022, the minimum is 0.11% and the maximum is 0.93%.
How the insurance rates are set
- Experience rate: the insurance rate of labor occupational accident insurance adopts the experience rate system, which is adjusted every 3 years. Such rate shall be formulated by the central competent authority based on the actual income and expenditure of insurance and the actuarial results, and shall be reported to the Executive Yuan for approval before promulgation.
- Merit rate: for insured units that employ a certain number of employees or more, the industry accident fee rate adopts the merit rate system. The annual calculation and adjustment shall be made according to the total labor occupational accident insurance payment in the last three years to the total insurance premium payable and the occupational safety and health situation.
Ratio for sharing insurance premium
Same as the current labor insurance occupational accident insurance, which shall be fully borne by the insured unit.
Frequency for the delivery of payment slip
- General units: the payment slips of labor occupational accident insurance premiums for general units shall be delivered by the 25th of the month following the premium month. For the units that also apply for the labor (employment) insurance, the labor occupational accident insurance premium and the labor (employment) insurance premium will be specified in the same payment slip to be delivered.
- Employers of household chores migrant workers: the payment slips for household chores migrant workers who only apply for labor occupational accident insurance will be delivered quarterly. Because the number of most of the insured is one person and the amount of the premium of labor occupational accident insurance is relatively low. In order to reduce the handling fee for the unit to make payment of the insurance premium while achieving the administrative cost-effectiveness, it is stipulated in Article 29 of the Rules of Enforcement of the Labor Occupational Accident Insurance and Protection Act that a slip will be sent or delivered on a quarterly basis.
※List of frequency and date of delivery of occupational accident insurance payment slips