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Switzerland
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Insurance

Social security system


Switzerland has a solid and effective social insurance network, providing all persons who live and work here ample cover against risks whose financial consequences they may find hard to face on their own.

The AVS/AI Information Centre, the Federal Social Insurance Office and the State Secretariat for Economic Affairs have published a brochure that provides an overview of the Social security system in Switzerland and is aimed at Swiss employers and anyone who is subject to the Swiss social security system by living or working in Switzerland, regardless of their nationality.

Health insurance

Health insurance is compulsory. Every resident of Switzerland, regardless of citizenship, must join a Swiss health insurance plan. Employers are not responsible for providing this form of insurance and there is no automatic provision. You need to take out insurance on a private basis and within three months of taking up residence in Switzerland. Every family member must have health insurance. Health insurance funds cover the compulsory statutory health insurance (KVG), also referred to as basic insurance, and voluntary supplementary insurance.

Personal liability insurance

You incure liability when you intentionally or unwittingly cause loss or damage to another person. You then have the obligation to compensate them. You also incur liability when a person, animal or property you are responsible for causes loss or damage to a third party.

Anyone can be held liable to the extent not only of their total assets, but also their current and future income. This is why it is important to purchase personal liability insurance for yourself and your family.

Liability insurance provides coverage for you and your family for:

  • personal injury and damage to property,
  • damage prevention costs,
  • loss of income or assets due to personal injury or damage to property,
  • defending unjustified claims.

Make sure to compare the offerings on the insurance market, as the conditions are defined differently by insurance companies.