Axiom Insurance Plans
Motor Insurance (also known as car insurance, vehicle insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.
Commercial Legal Protection
Legal protection insurance (LPI), also known as legal expenses insurance (LEI) or simply legal insurance, is a particular class of insurance which facilitates access to law and justice by providing legal advice and covering legal costs of a dispute, regardless of whether the case is brought by or against the policyholder. Depending on the national rules, legal protection insurers can also represent the policyholder out-of-court or even in-court.
Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products. Coverage provided by cyber-insurance policies may include on one hand first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; on the other hand third-party / liability coverage indemnifying companies for losses to others caused, for example, by errors and
omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.
Employee Benefits - Accident & Sickness Insurance
Accident insurance : if you are an employer, you are obliged to insure your employees against accidents. In Switzerland, the benefits payable under compulsory accident insurance are laid down by law. They cover medical expenses, a hospital stay in a general ward and 80% of lost earnings (where the salary does not exceed CHF 148,200). With supplementary insurance, you can add to the benefits required by law and adapt them to your needs.
Insurance for daily allowance during illness : many employers take out an insurance for daily allowance during illness to be able to pay their employees 80% during prolonged absences due to illness. Employers pay for at least half of the amount of the premiums. Wage continuation applies for the duration of the employee’s inability to work, but no longer than 720 days within 900 consecutive days.
Product liability insurance is a type of business insurance that can cover the cost of compensation claims if someone is injured or their property is damaged by a product that you’ve sold. In certain situations you may be liable even if you haven’t actually manufactured the product. Product liability insurance can pay the legal fees and compensation costs if someone sues you for injury or damage. You’re likely to be liable to pay these compensation costs if you manufacture the products you sell, but you could also be liable if the products bear the name of your business or if you’ve repaired or
refurbished them. You may also be liable if the manufacturer can’t be traced, has gone out of business, or is outside the EU.
Social insurance schemes are contributory programs that protect beneficiaries from catastrophic expenses in exchange for regular payments of premiums. Health costs can be very high, so health insurance schemes are a popular way of reducing risk in the event of shock. However, an individual with low income may not be able to afford insurance. Some argue that insurance schemes should be complemented with social assistance. Community-based health insurance allows pooling in settings where institutional capacity is too weak to organize nationwide risk-pooling, especially in low-income countries, making insurance more affordable. In risk-sharing schemes, the insurance premium is unrelated to the likelihood that the beneficiary will fall ill and benefits are provided on the basis of need.
Private Liability Insurance
Private liability insurance is indispensable for all individuals. Imagine what would happen if you, your child or even your dog caused an accident resulting in severe damage. Without liability insurance, you would have to cover unlimited costs for damage caused with your private present and future assets. In such cases, private liability insurance will provide protection from financial disaster.
Coverage must be provided for all damage costs, such as material damage, medical treatment, compensation, pension for bereaved or resulting disability and compensation for salary loss.
You will need additional liability insurance for certain risks; for example for hunting, extreme sports, horse riding on someone else's horse, keeping wild animals, etc. You will also need additional liability insurance for damage you cause to a car you may occasionally use, for paid services you provide on an avocational basis or if you are self-employed.
Clinical Trial Insurance
For clinical trials in the pharmaceuticals and medical technology sectors, as well as those taking place in hospitals, forward-looking protection against risks is indispensable. Our insurance solutions for clinical trials with and without therapeutic products provide comprehensive coverage for you and your trial subjects.
Commercial Liability Insurance
Commercial general liability insurance is a broad type of insurance policy which provides liability insurance for general business risks.
Commercial General Liability (CGL) is the specific name for a policy of this type in the United States insurance market. It is the "first line" of coverage that a business typically purchases and covers many of the common risks that can happen to any type of business, such as bodily injury or property damage on the business premises or due to the business operations, personal and advertising injury, and medical payments. It specifically excludes certain types of risks, including professional services, pollution, liquor, and directors and officers liability.
You have to be insured : from birth or arrival in Switzerland, you have three months within which to obtain compulsory health insurance. During this period you are already insured. You are free to choose a health insurance company on the list of authorized companies. In exceptional cases, you are not required to take out insurance.
You have to pay the premiums, a deductible and a retention fee.
Premium : every insured person pays a monthly premium to the insurance company. The amount of the premium varies from insurer to insurer and from canton to canton. Children up to the age of 18 pay lower premiums. People on low incomes may be entitled to a premium reduction. You have to pay a share of the costs : if you require treatment, you will have to pay part of the costs. Your share is made up of a deductible, the retention fee and a contribution to the cost of a hospital stay.
Deductible : the deductible (often referred to in Switzerland as the "franchise") is the amount (CHF 300 for adults; children up to the age of 18 do not pay a deductible) that you have to pay towards your treatment costs every year. Only after this amount has been reached does the insurance company start to pay out. If you want to reduce your premium, you are free to increase your deductible.
Retention fee : even after the deductible has been exceeded, you still have to pay 10 per cent of any treatment costs. However, this charge, often referred to as a "retention fee", amounts to a maximum each year of CHF 700 for adults and CHF 350 for children.refurbished them. You may also be liable if the manufacturer can’t be traced, has gone out of business, or is outside the EU.
Directors and Officers Liability
Directors and officers liability Insurance (often called "D&O") is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously.
Intentional illegal acts, however, are typically not covered under D&O policies. It has become closely associated with broader management liability insurance, which covers liabilities of the corporation itself as well as the personal liabilities for the directors and officers of the corporation.
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability insurance may take on different forms and names depending on the profession, especially medical and legal, and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service.
Coverage sometimes provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice.
Technology Professional Indemnity
The innovative and evolutionary nature of the technology industry needs tailored insurance to cover its professionals who are working at the cutting edge of the digital age. Tech PI insurance is a combined insurance program specifically designed for Technology Companies which encompasses Professional Indemnity and Cyber risks coverage.
Corporate Travel Insurance
Your employees are your capital and you should protect them as good as possible considering a crisis situation on business trips can have far-reaching financial consequences. Corporate Travel Insurance is a comprehensive package of insurance and services that optimally protects your employees on business travel, covers unpredictable travel and healing costs, and ensures compliance with your duty of care as an employer. If required, programs can include cover for kidnapping, hijacking and political evacuation.