In Switzerland, companies must protect themselves against various risks by subscribing suitable insurance. Some are mandatory, others are optional but highly recommended. Here is an overview of the essential insurances for Swiss companies, including legal obligations and optional options to ensure their sustainability.
Compulsory social insurance
Every employer in Switzerland is required to take out social insurance to protect their employees. These insurances include AHV, IV, APG, unemployment insurance, family allowances, occupational pensions and accident insurance.
Old-age and survivors' insurance (AVS), Disability insurance (AI) and Loss of earnings allowances (APG)
The AVS provides a basic income upon retirement or death, while the AI provides support in the event of disability. The APG compensates for loss of earnings during military service, civil protection or in the event of maternity/paternity. These insurances are mandatory for all employees.
Unemployment insurance (UI)
Unemployment insurance provides temporary income in the event of job loss. It is mandatory for employees, but the self-employed cannot benefit from it.
Family allowances
Employers are required to pay child benefits for each dependent child of their employees. This obligation applies to all companies.
Occupational pension plan (LPP)
Occupational pension provision, or 2nd pillar, supplements the benefits of the AVS/AI. It provides an income in the event of retirement, disability or death. This insurance is mandatory for employees earning an annual salary of more than CHF 22,050, with a ceiling set at CHF 88,200. Employers can offer extra-mandatory benefits to improve coverage for their employees.
Accident insurance (LAA)
According to the Accident Insurance Act (LAA), employers must insure their employees against occupational and non-occupational accidents, as well as occupational diseases. This insurance covers salaries up to CHF 148,200 per year. Employees working less than eight hours per week are only covered for occupational accidents.
Insurance for businesses that are optional
In addition to compulsory insurance, companies can take out optional insurance to protect themselves against various specific risks.
Business liability insurance
This insurance covers damage caused to third parties by the company, its employees or its products. For example, an accident caused by an employee on a construction site or a defective product can lead to costly claims. Civil liability protects the company against the financial consequences of such incidents. In some cantons and sectors, this insurance is mandatory.
Corporate legal protection
Legal disputes can arise at any time. Legal protection insurance helps the company defend its interests in the event of conflicts with customers, suppliers or employees, by covering legal and procedural costs.
Commercial insurance (things)
This insurance protects the company's physical assets, such as buildings, equipment and inventory, against risks such as fire, theft or water damage. It guarantees business continuity in the event of a disaster.
Cyber insurance
With digitalization With increasing cybersecurity, businesses are exposed to cyberattacks. Cyber insurance provides protection against data loss, cyber extortion and business interruptions related to IT incidents. It is essential for businesses that rely on information technology.
Daily sickness benefit insurance
This insurance covers the payment of salaries in the event of an employee's prolonged absence due to illness. It allows the company to maintain employees' income while controlling its costs.
How to choose the right insurance for businesses?
The choice of insurance depends on the size of the company, its sector of activity and the specific risks to which it is exposed. It is recommended to carry out a thorough analysis of needs and compare the available offers. Call on an insurance expert can help develop suitable coverage, balancing costs and protection.
In conclusion, although some insurance is mandatory for companies in Switzerland, it is wise to consider additional coverage for optimal protection. A regular assessment of insurance needs ensures adaptation to changes in the company and its environment.
