Running a business in Switzerland comes with exciting opportunities — and risks. From Zurich startups to Geneva boutiques, small business owners need the right insurance to protect their assets, employees, and reputation. Understanding which policies are essential can save money and stress down the line.

1. General Liability Insurance

This covers claims from third parties if your business causes property damage or injury. For example, if a customer slips in your shop in Basel, liability insurance covers legal costs and compensation. It’s often considered the most essential policy for small businesses.

2. Property Insurance

Protect your office, inventory, or equipment against fire, water damage, theft, or natural hazards. Swiss insurers often include coverage for hail, flooding, or landslides — crucial in certain cantons. Regularly updating the insured value ensures you’re not underinsured after renovations or new equipment purchases.

3. Workers’ Compensation / Accident Insurance

Swiss law requires accident coverage for employees. This includes work-related and, in some cases, non-work-related accidents. For self-employed entrepreneurs, optional coverage can still protect against serious injury that prevents you from working.

4. Business Interruption Insurance

If your business is temporarily forced to close due to a covered event — like fire or storm damage — this insurance replaces lost income and helps cover ongoing expenses. This is particularly useful for restaurants, retail stores, and seasonal businesses.

5. Professional Liability / Errors & Omissions

If your business provides advice or services, this insurance protects against claims of negligence, mistakes, or incomplete work. For consultants, designers, and IT providers, this coverage can prevent major financial setbacks.

Tips for Choosing the Right Policies

  • Assess your risks: Identify potential financial exposures specific to your industry.

  • Compare providers: Swiss insurers may differ in coverage, exclusions, and premiums.

  • Bundle policies: Many insurers offer discounts for multiple policies.

  • Review annually: Business needs change — update policies after hiring staff or purchasing equipment.

Conclusion

Insurance is a crucial part of running a Swiss business, protecting you from unexpected costs and legal trouble. By understanding liability, property, workers’ compensation, and other coverage options, modern entrepreneurs can focus on growth with confidence.