The difference between individual industrial and commercial households and companies buying social security

The difference between individual industrial and commercial households and companies in purchasing social security is mainly reflected in the insured object, payment standard, welfare treatment, legal responsibility and so on.

First, the insured object

Individual industrial and commercial households purchase social insurance mainly for individual operators or small business entities. As independent economic entities, they can voluntarily choose to participate in social insurance. When a company purchases social insurance, it means that an enterprise legal person or organization handles social insurance for its employees in accordance with relevant regulations.

Second, the payment standard

The payment standard for individual industrial and commercial households to purchase social security is usually flexible, and they can choose the corresponding payment grade according to their own operating conditions and economic conditions. The company pays social security according to the payment ratio and standard stipulated by the state, and the social security expenses of employees are shared by the enterprise and employees.

Third, welfare benefits.

There are also differences in welfare benefits between individual industrial and commercial households and companies that buy social security. Individual industrial and commercial households may not enjoy the same welfare benefits as large enterprises because of their small scale of operation, such as a higher proportion of medical insurance reimbursement and a more comprehensive endowment insurance. Companies that purchase social security can usually provide more comprehensive and stable welfare benefits and protect the rights and interests of employees.

Fourth, legal responsibility.

Individual industrial and commercial households and companies also have different legal responsibilities in purchasing social security. As self-employed, individual industrial and commercial households need to bear the responsibility of social security payment, and they will be punished accordingly if they violate the law. The company's purchase of social security involves the responsibility of the enterprise as a legal person, and the enterprise needs to handle social security for its employees in accordance with state regulations, otherwise it will face legal responsibility and punishment.

To sum up:

There are obvious differences between individual industrial and commercial households and companies in terms of insured objects, payment standards, welfare benefits and legal responsibilities. As individual operators or small-scale business entities, individual industrial and commercial households can choose to participate in social insurance according to their own conditions, but they may not necessarily enjoy the same welfare benefits as large enterprises; The company's purchase of social security means that the enterprise legal person or organization handles social insurance for employees in a unified way, provides more comprehensive and stable welfare benefits, and bears corresponding legal responsibilities.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10 stipulates:

Employees should participate in basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and employers and employees should pay basic old-age insurance, basic medical insurance and unemployment insurance in accordance with state regulations.

Article 58 provides that:

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Regulations of People's Republic of China (PRC) on Individual Industrial and Commercial Households

Article 23 provides that:

Individual industrial and commercial households can participate in social insurance and pay social insurance premiums according to the relevant provisions of the state and business needs.