What is occupational accident insurance in SAP PY-TW - Taiwan, China?

SAP Term: occupational accident insurance

• Component: PY-TW

• Component Name: Taiwan, China

• Description: An insurance provided by the Bureau of Labor Insurance to offer occupational accident medical benefits to workers who have occupational injury or disease during the period of insurance coverage in need of outpatient and hospitalization. In Chinese traditional, the insurance is known as '??????'.

Smart SAP Assistant

• Key Concepts: 
  Occupational accident insurance is a type of insurance that provides financial protection to employees in the event of an accident or injury that occurs while they are at work. It is a mandatory insurance in Taiwan, China, and is administered by the Ministry of Labor. It covers medical expenses, disability benefits, and death benefits for employees who suffer an occupational accident or illness. 
  
  How to use it: 
  In Taiwan, China, employers are required to purchase occupational accident insurance for their employees. The insurance must be purchased from an approved insurer and must meet the requirements set by the Ministry of Labor. The employer is responsible for paying the premiums and filing any claims with the insurer. 
  
  Tips & Tricks: 
  Employers should ensure that their occupational accident insurance policy covers all of their employees and meets the requirements set by the Ministry of Labor. They should also keep records of all premiums paid and claims filed with the insurer. 
  
  Related Information: 
  The Ministry of Labor provides detailed information about occupational accident insurance in Taiwan, China on its website. Employers can also contact their insurer for more information about their policy and how to file a claim.