Why buy employer liability insurance when you have social security?

With social security, you have to buy employer liability insurance, because it can supplement the social security of industrial injury insurance, avoid the risks of business owners and reduce many disputes and economic problems. Details are as follows:

1, to make up for the lack of social security of industrial injury insurance;

Although with social security industrial injury insurance, it can cope with accidental medical treatment, death and disability compensation on the way to and from work, but enterprises still need to buy employer liability insurance, because part of the responsibilities of industrial injury insurance are not compensated:

For example, employees' medical insurance expenses, expenses beyond the social security catalogue, expenses that should be paid by the employer, medical insurance expenses for people injured by traffic accidents or urban rail transit, passenger ferry and train accidents on their way to and from work, expenses for working in the workplace before and after working hours, occupational diseases, etc.

The use of industrial injury insurance is limited, and it only plays a supporting role. Therefore, enterprises can make up for this deficiency by purchasing an employer liability insurance;

2. Avoid the risks of business owners and reduce many disputes and economic problems;

Employer's liability insurance refers to personal injury, accidental injury, occupational disease or death of employees during their employment, which can be paid. Although industrial injury insurance can avoid some problems, it cannot cover all of them.

For example, if an employee suffers from an accident or occupational disease at work and needs to suspend work to receive work-related injury medical treatment, the original salary and welfare benefits will remain unchanged during the paid suspension, and the employer will pay it monthly. This part is stipulated by law, but he can't go to work and can't create income with the enterprise, but the enterprise still has to pay the monthly salary of its employees, so the enterprise will also cause certain losses;

In addition, employees' insurance and compensation for the damage caused by occupational diseases during their employment also need to be paid by enterprises. If they buy employer liability insurance, the insurance company will pay the boss in one lump sum, and the boss will pay the employee according to the negotiation, which can reduce many disputes and economic problems between the boss and the employee and prevent the employee from claiming again. If the insurance company directly compensates employees, employees can also seek a second claim from the boss.