What is sickness loss of earnings insurance?

An accident is covered by LAA. An illness is not. Yet depression, cancer or major surgery can keep an employee off work for months.

Sickness loss of earnings insurance pays replacement income when an employee is unable to work because of illness. It protects the worker against loss of salary, and the employer against a financial burden that can quickly become considerable.

Is this insurance mandatory in Switzerland?

No, there is no systematic obligation. However, many collective labour agreements require it, notably in construction, hospitality or cleaning. You must therefore check case by case what applies to the company.

Even if the sector does not require insurance, this does not free the employer from its duties.

Art. 324a CO

Salary at 100%

The employer must continue paying salary in case of illness, at 100%, for a limited period. In French-speaking Switzerland, the Bern scale is the reference: three weeks in the first year, then a duration that increases with seniority.

Deadline

After three months

The duty only applies after three months of employment, unless the contract was concluded from the outset for more than three months.

Insurance

Transfer of the risk

The employer can replace this duty with insurance, provided the benefits are at least equivalent to the legal regime (art. 324a para. 4 CO).

What exactly does it cover?

The daily allowance

The core benefit is payment of a daily allowance during inability to work. Three parameters define it.

Rate

80 %

of insured salary

Some policies go up to 90 or 100%, in return for a higher premium.

Duration

720 / 730 d

depending on the regime

720 days within a 900-day period, with the waiting period included in the 720 days. Or 730 days minus the waiting period.

Waiting period

0 to 180 d

sometimes more

The longer it is, the lower the premium, but the more the employer itself bears the salary cost at the start of the incapacity.

Example: eight months of incapacity

An employee totally unable to work for eight months, with a policy providing 80% of salary and a 30-day waiting period. The employer pays full salary the first month, then insurance takes over at 80% until return to work.

Insured salary

Unlike LAA, there is no statutory cap. Insured salary is defined in the contract.

Maternity

Many policies provide benefits in case of maternity, on top of the federal allowance. This guarantee is never automatic: it is optional.

What is not covered

Incapacities below 25% generally give no right to benefits. Illnesses existing before joining the insurance may be subject to a reservation.

Legal scale without insurance

Without an IJM contract, salary continuation is limited to art. 324a CO. In the first year, that can mean only three weeks at 100%.

Common pitfalls

Believing insurance exists when only art. 324a CO applies Many employees discover when they fall ill that their employer has taken out no insurance. Salary continuation is then limited to the legal scale.
Underestimating the waiting period A 60 or 90-day waiting period reduces the premium, but the employer remains bound to pay salary during that period, according to the legal scale.
Losing cover when leaving the company Collective insurance ends when employment ends. The right to switch to an individual policy is often limited to 30 or 90 days.
Neglecting reservations when switching insurer Ongoing incapacities remain in principle with the former insurer. A poorly prepared switch can leave an employee without cover.

Believing insurance exists when only art. 324a CO applies

Many employees discover when they fall ill that their employer has taken out no insurance. Salary continuation is then limited to the legal scale, for example three weeks in the first year of service. Beyond that, nothing.

Underestimating the waiting period

A 60 or 90-day waiting period materially reduces the premium, but the employer remains bound to pay salary during that period, according to the legal scale. A company with many recently hired employees thus bears a very real risk.

Losing cover when leaving the company

Collective insurance ends when employment ends. An illness that started during the cover period continues in principle to be indemnified until the right is exhausted, but any new condition is not.

The employee has a right to switch to individual insurance, to be exercised within a short deadline, often 30 days under the ICA, 90 days under LAMal. After that deadline, the right is lost. The individual premium is fully at the insured person’s cost and substantially higher.

Neglecting reservations when switching insurer

This is the most costly trap for an employer. When a company switches insurer, ongoing incapacities remain in principle with the former insurer, and the new insurer may refuse to take over existing cases. A poorly prepared switch can leave an employee without cover for a condition already declared.

Not sure whether you can cancel? We will take care of it.

You do not need to interpret your policy, GIC or legal provisions yourself.

Simply send us your current insurance policy and, if applicable, the latest letter received from your insurer.

We take care of:

1Analysing your contract

We check its term, expiry date, notice period and cancellation conditions.

2Identifying your first exit option

Expiry, 3rd year, premium increase, ongoing cases or another situation: we look for the first cancellation ground that actually applies to your case.

3Comparing the market

We compare premiums, but above all benefits: rate, duration, waiting period, insured salary, maternity, reservations and takeover of ongoing cases.

4Setting up your new insurance

Once you have chosen, we organise the new cover and the steps needed to switch insurer.

5Cancelling your old contract for you

We also handle the steps with your current insurer, making sure the ground, date and cancellation deadline are respected.

With Finwise

We align insurance, contracts and duties

We compare daily-allowance offers according to your payroll, sector, CLA, absence history, desired waiting periods and HR policy. We also check consistency with employment contracts, LAA and occupational pension.

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