Dam­ages - li­a­bil­i­ty - in­sur­ance

Context06 November 2017

Liability insurance is not mandatory, yet no one can do without it. Even the best intentioned people may inadvertently become liable for damages, thereby incurring major financial risks. Without insurance coverage, costs will have to be borne by the persons responsible themselves.

Among others, liability insurance covers damages caused to third parties by a private individual, whether property damages or personal injuries. Damages caused in a professional capacity are excluded from coverage. Damages caused on purpose are also excluded from coverage.

Additional coverage can be taken our for occasional (that is infrequent and irregular) use of a third-party motor vehicle (i.e. the owner’s loss of bonus) or for liabilities arising from a sideline activity.

The guaranteed amount can be chosen at will, it usually varies between CHF 1 and CHF 5 Million.

Professional liability insurance

Corporations and professionals also need extensive liability coverage. Certain professionals such as lawyers and notaries are obliged to insure their practice.

The Swiss Insurance Association SIA has established standard liability insurance terms and conditions for the most important professional fields. These can be used for training purposes and also facilitate market access for insurers who have not joined the SIA.

Allgemeine Versicherungsbedingungen

Allgemeine Versicherungsbedingungen in Englisch

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