Financial surety

The minimum sum insured of CHF 2 million must be guaranteed (by the policy) for each insured natural person and co-insured natural person registered as a self-employed person.

The minimum sum insured must also be guaranteed for each company (legal person). The professional liability insurance must be issued by an insurance company licensed by FINMA. The policy must be subject to Swiss law. The place of jurisdiction and place of performance must be in Switzerland. Confirmation from an employer can replace the requirement for the intermediary to provide proof of professional liability insurance.