{"id":38157,"date":"2024-10-29T09:29:21","date_gmt":"2024-10-29T08:29:21","guid":{"rendered":"https:\/\/fidulex.ch\/?p=38157"},"modified":"2025-01-13T10:44:43","modified_gmt":"2025-01-13T09:44:43","slug":"loss-of-earnings-insurance-how-it-works","status":"publish","type":"post","link":"https:\/\/fidulex.ch\/en\/loss-of-earnings-insurance-how-it-works\/","title":{"rendered":"Loss of earnings insurance: how does it work?"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"38157\" class=\"elementor elementor-38157\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2978aff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2978aff\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b9de6b\" data-id=\"7b9de6b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c8098a4 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"c8098a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-right-arrow1\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Loss of earnings insurance provides partial income compensation in the event of temporary incapacity to work.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-right-arrow1\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">It can be taken out by employees, employers, self-employed people and those not in gainful employment.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-right-arrow1\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Care is often limited in time (often two years).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ee29df elementor-widget elementor-widget-heading\" data-id=\"5ee29df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is loss of earnings insurance?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48873fa elementor-widget elementor-widget-text-editor\" data-id=\"48873fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Loss of earnings insurance is a social protection solution in Switzerland that aims to<strong> offset losses<\/strong> of income in the event of incapacity for work. This coverage applies in the event of temporary incapacity due to illness or accident.<\/p><p>It provides an income of <strong>partial replacement<\/strong> so that the insured can continue to meet his or her financial obligations even in the event of prolonged absence from the workplace.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc6f93a elementor-widget elementor-widget-heading\" data-id=\"dc6f93a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who is this insurance for?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40c8584 elementor-widget elementor-widget-text-editor\" data-id=\"40c8584\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Loss of earnings insurance is available to both salaried and <strong><a href=\"https:\/\/fidulex.ch\/en\/loss-of-earnings-insurance\/\">self-employed people<\/a><\/strong>. In a <strong><a href=\"https:\/\/fidulex.ch\/en\/what-insurance-coverage-do-i-need-for-my-company-in-switzerland\/\">company<\/a><\/strong>, it is often proposed as a <strong>social benefit<\/strong>, where the employer is the main underwriter of insurance for its employees.<\/p><p>For the self-employed, this insurance allows to <strong>protect<\/strong> their income in the event of a health problem, thus compensating for the lack of salary cover provided by their own company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb0ac50 elementor-widget elementor-widget-heading\" data-id=\"eb0ac50\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Operation and coverings<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9e6685 elementor-widget elementor-widget-heading\" data-id=\"f9e6685\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Daily allowance<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdbd90a elementor-widget elementor-widget-text-editor\" data-id=\"cdbd90a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Loss-of-earnings insurance pays daily benefits to policyholders who are unable to work. This benefit is set at around <strong>80 % of the salary<\/strong> of the insured, although some insurance policies may offer a slightly higher or lower rate of coverage.<\/p><p>Benefits are paid until the insured is able to work again, or until the end of the period of coverage stipulated in the contract, which is generally limited to <strong>720 days maximum<\/strong> (about two years).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f49d8d4 elementor-widget elementor-widget-heading\" data-id=\"f49d8d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Waiting period<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-374c6eb elementor-widget elementor-widget-text-editor\" data-id=\"374c6eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The waiting period is a period set out in the contract during which the insured does not yet receive benefits, even in the event of incapacity for work.<\/p><p>It can vary from a few days to several weeks, and its choice influences the amount of the insurance premium: a longer waiting period leads to <strong>lower<\/strong> premiums.<\/p><p>For example, if the contract provides for a waiting period of <strong>14 days<\/strong>, the insured will only begin to receive daily benefits from the 15th day of incapacity.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14cdbfa elementor-widget elementor-widget-heading\" data-id=\"14cdbfa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Types of APG coverage<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5748f06 elementor-widget elementor-widget-text-editor\" data-id=\"5748f06\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Swiss loss-of-earnings insurance policies offer a range of coverage options.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d27802 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"0d27802\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-right-arrow1\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Coverage in the event of illness only:<\/b> Covers temporary inability to work due to illness. It is often taken out by employers for employees, particularly when the risk of accident is covered by the&nbsp;<a href=\"https:\/\/fidulex.ch\/en\/social-insurance-in-switzerland\/\" target=\"_blank\">compulsory accident insurance<\/a> (UVG).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-right-arrow1\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Accident and illness coverage : <\/b> Provides combined coverage for disability due to both illness and accident. This option is useful for the self-employed who are not covered by LAA (compulsory accident insurance).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-right-arrow1\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Maternity loss of earnings insurance :<\/b> Enables employees on maternity leave to receive compensation. Switzerland already offers basic maternity coverage via maternity allowances, but additional policies can improve the amount or duration of benefits.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c04db4 elementor-widget elementor-widget-heading\" data-id=\"8c04db4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Coverage for the self-employed<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c29fd5 elementor-widget elementor-widget-text-editor\" data-id=\"2c29fd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Loss of earnings insurance is particularly important for <strong>self-employed people<\/strong>, especially for those who have not subscribed to a <strong><a href=\"https:\/\/fidulex.ch\/en\/2nd-pillar-in-switzerland-how-it-works\/\">2nd pillar<\/a><\/strong>. In addition, the APG covers gaps in the 1st and 2nd pillars. The self-employed can take out loss-of-earnings coverage, which enables them to <strong>guarantee an income<\/strong> in the event of sick leave or accident.<\/p><p>Premiums for these policies are calculated on the basis of the <strong>income level<\/strong> declared by the self-employed person and the conditions chosen (waiting period, duration of cover, etc.).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Loss-of-earnings insurance provides financial support in the event of temporary incapacity for work due to illness or accident. It enables workers to maintain part of their salary during their absence. <\/p>","protected":false},"author":1,"featured_media":38153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[44],"tags":[],"class_list":["post-38157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-assurances"],"_links":{"self":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/38157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/comments?post=38157"}],"version-history":[{"count":16,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/38157\/revisions"}],"predecessor-version":[{"id":38290,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/posts\/38157\/revisions\/38290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/media\/38153"}],"wp:attachment":[{"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/media?parent=38157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/categories?post=38157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fidulex.ch\/en\/wp-json\/wp\/v2\/tags?post=38157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}