Is the endowment insurance that 7-day hotel chains can buy for employees commercial insurance?

Hotels should also buy social security for employees.

Social security or the rule of law, hotels must buy social security for employees.

Social security has the following characteristics:

1. The objective basis of social insurance is the risks existing in the labor field, and the object of insurance is the individual workers;

2. The subject of social insurance is specific. Including workers (including their relatives) and employers;

3. Social insurance is compulsory;

4. The purpose of social insurance is to maintain the reproduction of labor force;

5. The insurance fund comes from the payment and financial support of employers and workers. Insurance coverage is limited to employees, excluding other social members. The insurance coverage is limited to all kinds of risks in labor risks, excluding other risks such as property and economy.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.