Companies buy commercial insurance for employees, not social security.

It is illegal for the company to do so. Social insurance is compulsory. The Social Insurance Law stipulates that employers and workers shall pay social insurance premiums according to law. In fact, paying insurance premiums according to regulations not only protects the legitimate rights and interests of employees, but also escorts employers. Commercial insurance paid by the company is generally group accident insurance or employer liability insurance. This kind of insurance premium is very low, and the company's financial pressure is small. Social security is compulsory for employees by employers, and commercial insurance cannot replace social security. It is illegal for the company to do so, and it can complain to the local labor arbitration department.

Why do some companies choose commercial insurance instead of social security? Is the nature of the company employment system or agency employment system to sign labor contracts? It is a relatively free occupation to go to the social security handling system as required. The company can choose to provide you with social security or not. If the company fails to pay social security for you as required, you can report it to the Labor and Social Security Bureau.

Legal basis:

Labor law of the people's Republic of China

Article 16 A labor contract is an agreement between a laborer and an employer to establish a labor relationship and clarify the rights and obligations of both parties. To establish labor relations, a labor contract shall be concluded.

Article 73 Laborers shall enjoy social insurance benefits according to law under the following circumstances:

(1) Retirement;

(2) Being sick or injured;

(3) Being disabled at work or suffering from occupational diseases;

(4) unemployment;

(5) bearing.

After the death of an employee, his survivors shall enjoy the survivors' allowance according to law. The conditions and standards for workers to enjoy social insurance benefits shall be stipulated by laws and regulations. Social insurance premiums enjoyed by workers must be paid in full and on time.

Seventy-fourth social insurance fund agencies shall manage and operate social insurance funds according to law, and be responsible for maintaining and increasing the value of social insurance funds. Social insurance fund supervision institutions shall supervise the income and expenditure, management and operation of social insurance funds according to law. The establishment and responsibilities of social insurance fund handling institutions and social insurance fund supervision institutions shall be prescribed by law.

No organization or individual may misappropriate social insurance funds. Article 72 The sources of social insurance funds shall be determined according to the types of insurance, and social pooling shall be gradually implemented. Employers and workers must participate in social insurance and pay social insurance premiums according to law.