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Finance and Credit
 

Insurance of liability for failure to fulfill obligations on payment of wages to workers in the case of bankruptcy of the organization

Vol. 20, Iss. 3, JANUARY 2014

Available online: 23 January 2014

Subject Heading: Insurance

JEL Classification: 

Rau E.I. PhD in Economics, Associate Professor, the Department of Finance and Credit, The Altai Academy of Economics and Law, the Barnaul branch
edr2006@mail.ru

This paper considers the possibility of providing by insurance companies services of risk insurance to cover the damage on unpaid wages and severance payments to workers in the case of bankruptcy of the employer. The author shows the calculation and the feasibility study of basic insurance rates for the development of guarantee funds to compensate employees for wage arrears.

Keywords: insurance of employer's liability for unpaid wages, bankruptcy of employer, calculation of insurance rate, development of insurance fund

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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