What insurance must the company buy for its employees?

Social insurance, that is, five insurances: basic old-age insurance, industrial injury insurance, medical insurance, unemployment insurance and maternity insurance.

Legal basis:

1, Social Insurance Law of People's Republic of China (PRC)

Article 12 stipulates that the employer shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees as stipulated by the state and include it in the basic old-age insurance pooling fund.

Article 23 stipulates that employees shall participate in the basic medical insurance for employees, and the employer and employees shall jointly pay the basic medical insurance premium in accordance with state regulations. ?

Article 33 stipulates that employees shall participate in work-related injury insurance, and the employer shall pay the work-related injury insurance premium, while employees shall not pay the work-related injury insurance premium. ?

Article 44 stipulates that employees shall participate in unemployment insurance, and the employer and employees shall jointly pay unemployment insurance premiums in accordance with state regulations. ?

Article 53 stipulates that employees shall participate in maternity insurance, and the employer shall pay maternity insurance premiums in accordance with state regulations, while employees shall not pay maternity insurance premiums.

2. People's Republic of China (PRC) (China) Labor Contract Law

Article 38 A laborer may terminate the labor contract under any of the following circumstances:

(1) Failing to provide labor protection or working conditions as agreed in the labor contract;

(2) Failing to pay labor remuneration in full and on time;

(3) Failing to pay social insurance premiums for laborers according to law;

(four) the rules and regulations of the employing unit violate the provisions of laws and regulations, and damage the rights and interests of workers;

(5) The labor contract is invalid due to the circumstances specified in the first paragraph of Article 26 of this Law;

(6) Other circumstances under which the laborer can terminate the labor contract as stipulated by laws and administrative regulations.

(7) If the employer forces the laborer to work by means of violence, threat or illegal restriction of personal freedom, or if the employer illegally directs or forces the risky operation to endanger the personal safety of the laborer, the laborer may immediately terminate the labor contract without notifying the employer in advance.

Extended data:

Legal risks of enterprises not paying social insurance in full;

1, may face the punishment of the social security collection department-the provisions of Articles 63 and 86 of the Social Insurance Law.

According to the provisions of Article 86 of the Social Insurance Law, if an employer fails to pay social insurance according to law, the social insurance fee collection agency may order it to pay within a time limit or make up for it, and from the date of default, an additional 0.5% late fee will be charged on a daily basis; If the employer fails to pay within the time limit, the relevant administrative department shall impose a fine of more than one time and less than three times the amount owed.

2, may face claims from employees-Article 38 of the Labor Contract Law

(1 1) Employees can request to dissolve the labor contract and pay economic compensation according to the provisions of the Labor Contract Law.

(2) Employees may require employers to pay social insurance.

3. The risk of not buying industrial injury insurance. -Article 62 of the Industrial Injury Insurance Ordinance

References:

Ministry of Human Resources and Social Security social insurance law

Labor Contract Law-Central People's Government