Does the company have to buy social security for its employees?

Legal analysis: Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. The company must pay social security for its employees, which is a legal obligation. Even if the workers themselves are unwilling to pay the company, they should also pay social security for them.

Legal basis: Article 58 of the Social Insurance Law of People's Republic of China (PRC), the employer shall apply to the social insurance agency for social insurance registration for its employees within 30 days from the date of employment. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Article 38 If an employer fails to pay social insurance premiums for its employees according to law, the employees may terminate the labor contract, and the employer shall also pay economic compensation.