DAILY SICKNESS BENEFITS: PROTECT YOUR EMPLOYEES AND YOUR BUSINESS.
Daily sickness benefits insurance (IJM), also known as sickness loss-of-earnings insurance (PGM), keeps paying part of your employees' salaries when illness leaves them unable to work.
PROTECT SALARIES. SAFEGUARD YOUR BUSINESS.
Daily sickness benefits insurance (IJM) keeps paying part of the income of employees on sick leave and limits the financial burden on the employer. Discover the four essential elements of the right IJM cover.
UP TO 80% OF SALARY
Salary continuation
If an employee is unable to work due to illness, IJM insurance generally pays benefits equal to 80% of the insured salary, depending on the policy terms. Financial security for your employees.
UP TO 730 DAYS
Benefit duration
Sickness loss-of-earnings insurance can pay benefits for 730 days, usually within a period of 900 days. It lets you cope with long-term sick leave without bearing the full salary costs on your own.
A WAITING PERIOD THAT FITS
Waiting period
7, 14, 30 or 60 days: the waiting period determines when the insurer starts paying benefits. Adjusting it lets you strike a balance between IJM premiums and the costs the business bears itself.
A SOLUTION FOR YOUR EMPLOYEES
Collective cover
Collective IJM insurance covers your company's employees under a single policy. The benefits, the categories of staff insured and the membership conditions are set according to your organisation's needs.
IS YOUR BUSINESS PAYING TOO MUCH FOR ITS SICKNESS LOSS-OF-EARNINGS COVER?
Compulsory or optional cover, salary continuation, contributions and cancellation: find the answers to the key questions about daily sickness benefits insurance for Swiss businesses.
EVERYTHING YOU NEED TO KNOW ABOUT SICKNESS LOSS-OF-EARNINGS INSURANCE IN SWITZERLAND
Is daily sickness benefits insurance (IJM) compulsory in Switzerland?
No, IJM insurance is generally not compulsory in Switzerland. However, some collective labour agreements (CLAs) make it mandatory. Without IJM insurance, the employer remains obliged to pay the salary in the event of illness, for a period set by law and the applicable conditions.
Who pays the IJM insurance premiums: the employer or the employee?
With collective IJM insurance, premiums are often split equally between the employer and the employees. This split does, however, depend on the policy, on any collective labour agreement and on the applicable provisions. The employer may also decide to cover a larger share.
What is the difference between IJM insurance and accident insurance (UVG/LAA)?
IJM insurance covers the loss of income caused by an inability to work due to illness. Accident insurance (LAA) covers occupational accidents and, where the legal conditions are met, non-occupational accidents. The two insurances therefore cover different risks and complement each other.
Does an employer have to keep paying a sick employee's salary?
Yes, under certain conditions. The Swiss Code of Obligations requires the salary to be paid for a limited period, which depends in particular on length of service and the applicable scheme. Collective IJM insurance can replace this statutory scheme with cover that is at least equivalent, typically 80% of the salary for 720 or 730 days.
Can a company switch IJM insurer to reduce its premiums?
Yes. A company can compare offers and change IJM insurer, provided it respects the notice periods in its policy. Before any transfer, however, it is essential to check the conditions for taking over employees, any reservations and how incapacities for work that are already ongoing will be handled.
What is the difference between a 14, 30 or 60-day waiting period for IJM?
The waiting period determines when the sickness loss-of-earnings insurance starts paying benefits. The longer the waiting period, the lower the premium generally is. In return, the company has to keep paying the salary for longer, in line with its legal and contractual obligations. The right choice depends on its financial capacity and its needs.