Costa Rica: New Standard for Occupational Risk Policies

The National Insurance Institute (Instituto Nacional de Seguros) has established a technical standard on the conditions which companies must meet in relation to occupational insurance for their staff.

Monday, June 9, 2014

The National Insurance Institute of Costa Rica has ruled on the provisions of the Labour Code to ensure the provision of cash benefits, medical and health benefits and rehabilitation, as well as the financial strength of the regime.

Taken from Technical Standard Occupational Risk Insurance 2014.

Published in Official Gazette No. 86 of 7 May 2014.

Article Three. Compulsory insurance

Every employer has an obligation to take out and maintain in force Occupational Risk Insurance to provide protection for workers against accidents and illnesses, according to the regulations set forth in Title IV of the Labor Code, its regulations and this Technical Standard.

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