Is commercial liability insurance mandatory?
In principle, no.
However, there may be cantonal regulations for certain activities that provide for mandatory commercial liability insurance.
New building or renovations – as a contractor on a construction site, you are subject to various liability risks such as inadequately protected buildings sites, flawed installation of roof tiles and faulty wiring.
Business premises risk: Risks relating to buildings, premises, plants or properties.
Example: Part of the ceiling comes loose at your construction firm and injures customers.
Operational risk: Risks brought about by day-to-day operations.
Example: While building work is underway, a wall collapses and injures someone.
Product risk: Risks arising from manufactured, processed or sold products.
Example: A water pipe you installed breaks and the leaking water causes considerable damage to the building.
Environmental risk: Risks to which the company is exposed as a result of an unexpected environmental incident.
Example: A neighboring plot of land is contaminated by leaking liquid.
Dismantling and assembly expenses: A wooden floor you installed in a sauna was not treated for moisture protection and warps over time. The costs for dismantling and assembly are insured.
Determination and remedy costs: As a water pipe you supplied is leaking in a building, the defective section has to be found using a pipe camera. The costs for the search with the camera are insured.
Financial losses due to incidents during construction: During construction work, an underground power cable belonging to an electricity plant is damaged, whereby businesses dependent on it suffer business interruptions and thus financial losses. These purely financial losses are insured.
Extended loss to property in the custody of/worked upon by the insured: You are drilling into a wall and as you do so the sandstone crumbles around the drill hole. The crumbled sandstone is insured.
In principle, no.
However, there may be cantonal regulations for certain activities that provide for mandatory commercial liability insurance.
Yes, as part of the insurance coverage, Zurich will also cover defense against unjustified claims.
Yes, the legal protection provided for in the commercial liability insurance is limited to civil liability law in connection with an event of a loss covered by the insurance.
For comprehensive legal protection, you will need separate legal protection insurance (e.g. Orion).
Yes, product liability is included.
This contract covers damages occurring anywhere in the world, with the exception of the USA and Canada.
Yes, all locations in Switzerland are covered.
For SMEs, Zurich recommends a sum insured of 5–10 million francs.
Our quotes already include a non-binding, industry-specific proposal.
We would be delighted to provide you with personal advice.
In principle, no.
However, this may be agreed in certain cases against a correspondingly increased premium.
Yes, provided that
Yes, we grant a 10% discount to start-ups for the first three years of the insurance.
No, that is not possible.
For the premium calculation we need to know the total gross payroll subject to AHV and turnover.
Simply contact your nearest Zurich agency or call us toll-free at +41 41 528 29 75.