Risk Types 

BUSINESS INTERRUPTION INSURANCE

Operating loss insurance policies are increasingly seen as indispensable additions to property damage policies.
These policies cover the financial consequences suffered by companies that have sustained damages forcing them to temporarily interrupt their activity.
They provide compensation for the fixed costs that the company continues to incur following a disaster.
After thoroughly analysing your risks, we will propose the guarantees that are best suited to your business activity.

PROPERTY PROTECTION INSURANCE

The risk of physical damage can be kept under better control through a suitable prevention and protection plan. 

The risks associated with fire, machinery breakdown and water damage are the main risks covered by a specific prevention plan.

The policies for damage to property protect your property from the consequences of specific events and are often expanded to include guarantees for purely financial losses resulting from the material damage sustained.

Terrorism and political violence insurance

Despite the precautions and steps taken at all levels, risks linked to acts of terrorism, violence and political troubles are becoming more and more frequent.

 

Tensions, claims and demands, riots, civil unrest are at a high risk for all business sectors and can result in substantial losses.

 

A comprehensive insurance program covering terrorism and political violence will allow you to avoid the usual exclusions included in traditional policies. 

BUSINESS CRIME INSURANCE

Nowadays, the risk of fraud and malicious acts is ubiquitous.

 

As a company, it is essential for you to protect the entirety of your corporate assets from any internal or external human threat and from the risk of misappropriation of funds or goods.

 

We will assist you in managing the risks related to these threats as well as the fraudulent attacks you may be the victim of, including hacking, cyber extortion, viruses and much more so that you receive protection and proper indemnification for misappropriated funds, goods or property.

 
 
 
 

We offer wide spectrum of tailored

for companies and individuals

TRADING / IMPORT / EXPORT INSURANCE

The proper shipment of goods is an ongoing and complex challenge subject to strict legal and commercial rules.

That is why we protect you from the specific risks associated with managing the supply chain, no matter the type of goods, the means of transport or the packaging, whilst taking into account new criteria such as energy savings, respect for the environment and sustainable development.

CYBER RISK INSURANCE

All business sectors are exposed to cyber risk.

Disruptions to computer systems can have various causes resulting in serious consequences, e.g. failures in production which can lead to a steep drop or even a halt in activities.

 

Suitable contingency plans allow for setting up internal or external back-up sites to provide a comprehensive response to this type of disaster as well as to non-material losses.

Professional liability insurance (E&O) 

Professional liability insurance, more commonly known as errors and omissions (E&O), is a special type of coverage that protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions). ​

E&O insurance can cover the cost of defending your company in a civil lawsuit and certain damages awarded, even if the legal action turns out to be groundless.​

Professional liability insurance is required by law in some areas kinds of professional practices, especially medical and legal, where it is more commonly called malpractice insurance. This type of protection is not part of your general liability insurance.

Product liability insurance

Product liability insurance protects your business should a customer incur damages as a result of a fault with the product you have provided them with (arising from manufacturing defects, incorrect instruction manuals or packaging mistakes).

It covers liability for compensatory costs, legal fees and any other costs associated with the case. It's crucial to ensure that you are adequately covered should the unthinkable happen and a customer be injured as a result of a faulty product sold by your business. 

We will set up a liability insurance policy to meet your specific needs and requirements and help preserve your company's reputation and commercial relations with clients.

 
 
 
 

A professional know-how and an experience and a knowledge based on excellent results throughout years.

D&O LIABILITY INSURANCE

D&O insurance policies offer liability cover for company managers to protect them from claims, which may arise from the decisions and actions taken within the scope of their regular duties, including defence costs.
Such policies cover the personal liability of directors and officers as individuals (Side A cover), but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them (Side B or Company Reimbursement Cover).  
Listed stock companies can also obtain cover for claims against the company itself for a wrongful act in connection with the trading of its securities (Side C or Securities Entity Cover).

MEDICAL MALPRACTICE INSURANCE

Working in the field of health care is synonymous with high levels of civil liability risk. If you cause harm to a third party, you may be required to pay a significant amount of compensation.

We help you control all of the risks associated with your activity at the best price, providing a high level of minimum annual insurance coverage. In case of a dispute, you will receive legal protection and expert advice for determining the steps to take and for safeguarding your career.

EMPLOYEE BENEFITS INSURANCE

Accident insurance: if you're an employer, you are obliged to ensure 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 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.

Health and safety insurance

Make sure that your company provides working conditions that comply with all safety measures in order to avoid accidents at work and occupational diseases. These challenges are not only human ones but also social – employees satisfaction at workplace – technical and economical, even penal, as sanctions up to prison sentence can be required in case of negligence, non-compliance to existing standards or endangering of employees health.

 
 
 
 

AXIOM-RFM SA aims to bring risk management and insurance coverage solutions tailored to the specific needs of your company.

Social protection insurance

Setting up collective insurance policies including pension and retirement coverage also makes it possible to protect employees from a certain number of risks such as sickness, disability, or death. An effective social protection policy also helps build staff loyalty. In addition, we provide advice to help you meet all your legal obligations. Benefits that are spread over a period of time may be determined on the basis of salary and by distinguishing between executives and non-executives.

Political risks

Credit risks: Credit Insurance is particularly useful for export-oriented companies and thus for more extensive debtor default risks, but it might also be of interest to other companies that want to optimize debtor management. It protects your company in the event of customers’ inability to pay (e.g. as a result of bankruptcy) and unwillingness to pay.

Political risks: as part of your professional activity, you may be confronted with new realities as a result of political decisions or events that may lead to financial losses. In order to manage these risks, we help secure the economic viability of your agreements as well as your investments in the development and expansion phases, in particular in developing countries. We will also provide coverage to protect you in the event of non-payment.

Event cancellation insurance

Organizing a concert, a conference, an exhibition, a sport tournament or a music festival requires a detailed analysis of the risks associated with the event in order to ensure its success and financial security. Working with you hand in hand, we will handle all your requests and needs on a case-by-case basis, taking into account the special risks to which you may be exposed. These may include the risk of event cancellation or postponement due to any cause outside the control of the Insured, but also adverse weather for outdoor events, non-appearance of key persons, threats or acts of terrorism, communicable disease outbreaks, National Mourning or enforced reduced attendance.

 
 
 

Special accident (kidnap & ransom insurance)

Kidnap and ransom insurance or K&R insurance is designed to protect individuals and corporations operating in high-risk areas around the world. K&R insurance policies typically cover the perils of kidnap, extortion, wrongful detention, and hijacking. K&R policies are indemnity policies – they reimburse a loss incurred by the insured. The policies do not pay ransoms on behalf of the insured. Typically, the insured must first pay the ransom, thus incurring the loss, and then seek reimbursement under the policy.

Losses typically reimbursed by K&R insurance include:

  • Ransom monies - Money paid or lost due to kidnapping

  • Transit/delivery - Loss due to destruction, disappearance, confiscation, or wrongful appropriation of ransom monies being delivered to a covered kidnapping or extortion

  • Accidental death or dismemberment - Death or permanent physical disablement occurring during a kidnapping

  • Judgement and legal liability - Cost resulting from any claim or suit brought by any insured person against the insured

  • Additional expenses - Medical care, severe disruption of operations, potential damage to the company brand, PR counsel, wage and salary replacement, relocation and job retraining, and other expenses related to a kidnapping incident.

 

The policies also typically pay for the fees and expenses of crisis management consultants. These consultants provide advice to the insured on how to best respond to the incident. Even the most basic training for people travelling to dangerous places is not easily provided or is not obtained by small to mid-sized companies.

 

Intellectual property insurance

According to a recent survey, a significant number of companies whose IP was being infringed upon were unable to take legal action due to the excessive cost of litigation. Such inaction can often lead to both reputational and financial harm while also rendering your intellectual property worthless. Intellectual Property Insurance will cover the costs of either defending claims you have infringed third party rights or enforcing your rights against infringers. Policies are purchased annually, and cover court fees, own-side and your opponents’ costs.

CLINICAL TRIAL INSURANCE

Working in the field of health care is synonymous with high levels of civil liability risk. If you cause harm to a third party, you may be required to pay a significant amount of compensation.

We help you control all of the risks associated with your activity at the best price, providing a high level of minimum annual insurance coverage.

In case of a dispute, you will receive legal protection and expert advice for determining the steps to take and for safeguarding your career. 

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.

 
 

Life Insurance

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.  Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion. Modern life insurance bears some similarity to the asset management industry and life insurers have diversified their products into retirement products such as annuities.

Life-based contracts tend to fall into two major categories:

  • Protection policies – designed to provide a benefit, typically a lump sum payment, in the event of a specified occurrence. A common form—more common in years past—of a protection policy design is term insurance.

  • Investment policies – the main objective of these policies is to facilitate the growth of capital by regular or single premiums. Common forms (in the U.S.) are whole life, universal life, and variable life policies.

 
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Aiming to bring tailored risk management and insurance solutions targeted to your company needs: whether you are a large or small company, international or national organisation or a private client.

Useful Links

AUTHORITIES

Federal Administration of Switzerland: www.admin.ch

Federal Office of Social Insurance: www.bsv.admin.ch
Swiss Financial Market Supervisory Authority (FINMA): www.finma.ch
List of members of the Swiss Insurance Association (ASA/SVV): www.svv.ch

NATIONAL AND INTERNATIONAL CONTACTS

Altafid, trust company in Neuchâtel: www.altafid.ch
The Global Center for specialist insurance and reinsurance: www.lloyds.com

Our Offices

GENEVA (Headquarters)

58, Rue du Grand-Pré
1202 Genève
Tel:- +41 22 544 11 11

NEUCHÂTEL

7, Av. Jean-Jacques Rousseau
1201 Neuchâtel

Tel:- +41 32 722 17 17

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