The difference between commercial insurance and social security

1. Social security is based on labor relations. As long as labor relations are formed, employers must provide social security for employees, which belongs to the social security system enforced by the state. Commercial insurance is purchased voluntarily, and the relationship between the two parties is established through contract.

2. Social security is managed by government functional departments, and commercial insurance is managed by enterprise insurance companies;

3. Social security is not for profit, while commercial insurance is for profit;

4. The insurance cost of social security is shared by enterprises, individuals and the state, and commercial insurance is borne by individuals;

5. Social security is stable and continuous, while commercial insurance is one-off or short-term;

6. The insured object of social security is workers, subject to qualification restrictions, and the insured object of commercial insurance is anyone, as long as the insured is willing to insure;

7. Social security is generally paid monthly, while commercial insurance will be paid according to the contract amount;

8. Social security is regulated by labor law and its supporting regulations, and commercial insurance is regulated by economic law, commercial insurance law and its supporting regulations.