Among all kinds of risks, the most unpredictable one is the risk of 'accident'. Therefore, many people will buy accident insurance for themselves, and enterprises will also buy work-related injury insurance for employees to avoid the risk of accidents. However, it is difficult for many people to distinguish the industrial injury insurance in social security from the accident insurance in commercial insurance. In fact, these two kinds of insurance seem to be very similar, and the difference between them is very big. Next, I will introduce you.
The difference between industrial injury insurance and accidental injury insurance
It is understood that the difference between accident insurance and work injury insurance mainly includes the following aspects:
1. The nature of insurance is different: accident insurance belongs to commercial insurance, and there is a voluntary contractual relationship between the insurer and the insured; industrial injury insurance belongs to social insurance, which is compulsory. The employer must participate in the insurance for the employees according to the regulations, otherwise it will bear certain legal liabilities.
2. There are different legal relations: the legal basis of accident insurance is the general civil contract relationship; the legal basis of work-related injury insurance is the realization of national management function.
3. Different purposes of implementation: accident insurance is a kind of business behavior that gains profits by complying with the requirements of people's risk aversion; work injury insurance is not for profit, the starting point is to ensure the basic life of workers, maintain social stability, and promote economic development.
4. Different ways of premium payment: the premium of accident insurance is borne by the applicant. When the income and expenditure of the insurance company is unbalanced, the state finance will not give any subsidy; the premium of work-related injury insurance is borne by the employer, and the employee does not need to pay. When the income and expenditure of enterprises are unbalanced, subsidies shall be given by the state finance.
5. Different coverage: the coverage of accident insurance is regardless of time, place and cause of injury, mainly for the medical expenses of the insured due to accidental injury to be reimbursed. At the same time, if the insured is disabled due to accidental injury, the disabled allowance can also be compensated in proportion; the work-related injury insurance only reimburses the medical expenses caused by accidental injury due to work.
To sum up, there are many differences between accident insurance and work-related injury insurance. Therefore, they cannot be replaced each other, but they can complement each other. It is suggested that people with conditions can have accident insurance and work-related injury insurance at the same time. When an accident occurs, the medical expenses incurred can be reimbursed by the work-related injury insurance first, and then the remaining amount deducted by the accident insurance to compensate for the compensation.