Is industrial accident insurance the same as social security compensation?

Industrial injury insurance is a kind of social insurance, which is compulsory.

It is necessary to know whether the compensation for work-related injury accident insurance is compensation for work-related injury insurance or compensation for employee commercial accident insurance.

Industrial injury insurance compensation is social security compensation, and the compensation standard is related to social policy; Commercial accident insurance is a voluntary insurance product, and the compensation standard is stipulated in the insured insurance contract.

Work-related injury insurance is to provide medical treatment and necessary economic compensation to workers who suffer accidental injuries or occupational diseases in production and business activities, resulting in death, temporary or permanent loss of working ability, including both medical rehabilitation expenses and basic living expenses. The premium is paid by the enterprise.

Commercial accident insurance is an insurance product voluntarily insured by enterprises or employees themselves, and its coverage and insurance amount are determined by enterprises or employees themselves through consultation with insurance companies. Commercial accident insurance can be freely insured with a wide range of choices. The scope of accident insurance compensation can include death liability, disability liability, accidental medical liability, accidental hospitalization allowance liability, sudden death liability and so on.

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