The Ministry of Human Resources and Social Development and the Insurance Authority today launched the "Insurance Product" to cover the entitlements of expatriate workers in private sector establishments when they default, with the aim of protecting them and reducing the impact of their failure to obtain their financial rights, in the event that the establishments default and fail to commit to paying wages for a specified period.

The "insurance product", which is provided through insurance companies in the Kingdom, covers the payment of the dues of expatriate workers in the event that the owners of the establishments fail to pay their wages, in accordance with the conditions and benefits covered and determined by the insurance policy in accordance with the policies and procedures governing it. These benefits include, for example, a ticket if the expatriate worker wishes to return to his country.

The launch of the "Insurance Product" comes within the framework of efforts aimed at developing the labor market in the Kingdom of Saudi Arabia through policies and legislation, preserving contractual rights between workers and employers, and increasing the attractiveness and efficiency of the labor market at the local and international levels. The "insurance product" is also consistent with the package of regulations and procedures developed by the Ministry of Human Resources and Social Development to preserve the rights of the parties to the labor relationship, including the Wages Protection System, and the documentation of contracts.

The Ministry of Human Resources and Social Development has issued a guide that explains all the procedures for the insurance product, which can be found by accessing the Ministry's website. It should be noted that the coverage for expatriate workers covered by the insurance product will start from today; October 6, 2024 AD.