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An Insurance Contract is a legally binding agreement between you and an insurance company, governed by Swiss contract law (OR/CO Art. 1-40). It spells out what risks the insurer will cover, how much you'll pay in premiums, and what compensation you can expect if something goes wrong.

Under Swiss law, these contracts must clearly state the insured risks, coverage limits, and payment terms. Common types include health insurance (which is mandatory for all Swiss residents), property insurance, and liability coverage. The contract becomes active once both parties sign it and remains valid for the agreed period, usually one year with automatic renewal options.

Get an Insurance Contract in place before taking on any significant financial risks in Switzerland. This applies when buying property, starting a business, hiring employees, or engaging in activities that could lead to liability claims. For individuals, Swiss law requires health insurance contracts within three months of residency.

Insurance Contracts become essential when expanding operations, entering new markets, or taking on valuable assets that need protection. Time your contract signing carefully - coverage typically starts the day after signing, and Swiss insurers often require a three-month notice period for changes or cancellations. Having proper coverage prevents devastating financial losses and ensures compliance with mandatory insurance requirements.

• Insurance Indemnity Contract: Basic form covering liability protection and compensation terms between parties
• Deductible Indemnity Agreement: Specifies cost-sharing arrangements and deductible responsibilities
• Life Settlement Agreement: Used for selling life insurance policies to third-party investors
• Subrogation Contract: Allows insurers to recover costs from parties responsible for losses

• Insurance Companies: Licensed Swiss insurers who underwrite policies, assess risks, and pay claims according to FINMA regulations
• Policyholders: Individuals or businesses who pay premiums and receive coverage protection under Swiss law
• Insurance Brokers: Licensed intermediaries who help clients find suitable coverage and negotiate terms with insurers
• Legal Advisors: Lawyers who review and customize contract terms to ensure compliance with Swiss insurance law
• Claims Adjusters: Professionals who evaluate insurance claims and determine appropriate compensation levels

• Risk Assessment: Document all assets, activities, or liabilities needing coverage under Swiss law
• Party Details: Gather accurate information for all involved parties, including registration numbers and addresses
• Coverage Scope: Define exact risks, coverage limits, and exclusions aligned with Swiss insurance regulations
• Premium Structure: Calculate and document payment terms, frequencies, and any deductibles
• Document Generation: Use our platform to create a legally-compliant contract that includes all mandatory elements
• Final Review: Check all terms, conditions, and coverage details before signing to ensure complete protection

• Party Information: Full legal names and addresses of both insurer and policyholder
• Risk Description: Clear definition of covered risks and exclusions per Swiss Insurance Contract Act
• Premium Details: Payment amounts, schedule, and consequences of non-payment
• Coverage Terms: Duration, territorial scope, and conditions for policy renewal
• Claims Process: Procedures for filing claims and required documentation
• Termination Rights: Conditions and notice periods for contract cancellation
• Dispute Resolution: Swiss jurisdiction and applicable cantonal courts
• Signatures: Dated signatures of authorized representatives from both parties

Insurance Contracts are often confused with an Insurance Policy, but they serve distinct purposes under Swiss law. While both documents relate to insurance coverage, their scope and legal implications differ significantly.

• Legal Foundation: Insurance Contracts establish the fundamental legal relationship between insurer and insured, outlining basic rights and obligations under Swiss contract law
• Document Hierarchy: The Insurance Policy is actually derived from the Insurance Contract, serving as a more detailed operational document that specifies coverage details and claim procedures
• Modification Rules: Insurance Contracts require mutual agreement for changes, while policies can often be adjusted unilaterally by insurers with proper notice
• Duration Impact: Changes to the underlying Insurance Contract affect all future policies, while policy modifications only impact the current coverage period