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No company can afford to underestimate the risk of loss of earnings due to illness. Although such insurance cover is not mandatory for all companies, it is a critical factor for financial stability, especially in situations where employees, or owners working as self-employed, are unable to perform their duties due to health problems. This is why it is essential to consider a policy that guarantees the continuation of salary payments, filling the gap created before the IV (State-guaranteed Invalidity Insurance) kicks in.

Loss of earnings cover: an obligation or a strategic choice?
In Switzerland, cover for loss of earnings due to illness is not compulsory for all companies, but there are professional sectors that, by virtue of collective labour agreements, are obliged to take out this insurance. However, for companies that are not subject to these obligations, taking out such a policy can be a crucial strategic choice to protect their business. When an employee falls ill, the costs associated with lost productivity can be significant, especially if the illness persists over time. Without adequate cover, the company has to take on the payment of salaries, a situation that can lead to financial difficulties and put the sustainability of the entire business at risk. For this reason, having a loss of earnings policy is a safeguard that allows the company to continue running smoothly, even in the most difficult times.
This coverage is not only important for large companies but is also crucial for small and medium-sized enterprises (SMEs) and those working as independents. For these businesses, the loss of productivity of a single employee or partner can have even greater repercussions than for large companies. That is why a well-structured policy can make the difference between continuing to operate or facing a crisis that threatens the existence of the company itself.