Business insurance
Starting a business brings new risks – a single liability claim can threaten your existence, especially with a sole proprietorship (Einzelfirma), where you are personally liable. The skill is not to insure everything, but exactly the risks that could ruin you. Some are mandatory, others strongly recommended.
Mandatory insurance
As soon as you employ staff, AHV/IV/EO (old-age, survivors' and disability insurance and income compensation), accident insurance (UVG) and, above a salary threshold, occupational pension provision (BVG) are compulsory. As a self-employed founder you are also liable for AHV contributions – this is often overlooked at the start.
Strongly recommended insurance
Voluntary, but almost indispensable depending on your activity: business and professional liability insurance (covers damage to third parties), property/contents insurance and legal expenses insurance. With a sole proprietorship in particular, liability insurance is the most important protection – it stands between a mistake and your personal assets.
Needs rather than all-round cover
Insure the risks that threaten your existence, not every detail – otherwise you pay for cover you will never need. planix helps you assess your actual insurance needs by legal form and industry, so you start neither over- nor underinsured – free of charge.
Frequently asked questions
Which insurance is mandatory for a company?
If you employ staff, social and accident insurance and, above a threshold, occupational pension provision (BVG). Self-employed people are liable for AHV contributions.
Do I need business liability insurance?
It is not compulsory, but strongly recommended in most industries – it covers damage to third parties and, with a sole proprietorship, protects your personal assets.
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