No but it is strongly recommended, as the length of time you have to continue paying a salary depends on how long the employee in question has been with your company. An employee in their first year is entitled to 21 days of continuing salary payments in accordance with the Bern Scale. This period extends every year thereafter. After 14 years of service, this period is 150 days, which could put considerable financial strain on your business if uninsured.
Insurance premiums can be split between employer and employee. Depending on the distribution key selected, you may be exempt from the statutory obligation to continue salary payments.
You select the coverage amount at between 80% and 100% of AHV salary, up to a maximum CHF 300,000 per year per person.
You can also influence the amount of your insurance premium by selecting a waiting period of 7, 14, 30 or 60 days.
Yes, the insurance covers the statutory obligation to continue salary payments for 14 weeks (98 days) of maternity leave.
Your obligation to continue salary payments can end up costing. Protect yourself now - we would be glad to advise you.