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An Insurance Agreement is a binding contract between you and an insurance company that follows Swiss insurance law (VVG). It spells out exactly what risks the insurer will cover, how much you'll pay in premiums, and what compensation you can expect if something goes wrong.

Under Swiss regulations, these agreements must clearly state your coverage limits, deductibles, and any special conditions. The contract becomes official once both parties sign it, though you have a 14-day cooling-off period to cancel most types of insurance. Key details like claim procedures and exclusions must be written in your preferred national language - German, French, Italian, or Romansh.

You need an Insurance Agreement when starting any business activity in Switzerland that could face financial risks or liability issues. This applies to everything from opening a small retail shop to running a large manufacturing facility. Swiss law requires specific insurance coverage for many business activities, including mandatory accident insurance for employees.

Get your Insurance Agreement in place before starting operations, hiring staff, or signing commercial leases. Swiss insurers typically offer bundled policies covering multiple risks - from property damage to professional liability. The agreement becomes especially crucial when bidding on contracts, as many Swiss companies and government entities require proof of adequate insurance coverage from their business partners.

• Insurance Addendum: Used to modify existing Insurance Agreements when coverage needs change, like adding new business locations or updating liability limits under Swiss regulations.
• Insurance Confidentiality Agreement: Protects sensitive information shared during insurance negotiations, often used when discussing specialized coverage needs or during claims involving confidential business details.
• Standard Policy Agreements: Basic insurance contracts covering common risks like property damage and liability, following Swiss VVG guidelines.
• Industry-Specific Agreements: Tailored coverage for sectors like healthcare or construction, incorporating specific Swiss safety and liability requirements.

• Insurance Companies (Versicherer): Draft and issue the agreements, set premiums, and handle claims according to Swiss insurance law (VVG).
• Business Owners: Review and sign agreements to protect their companies against various risks, from property damage to liability claims.
• Insurance Brokers: Negotiate terms between insurers and clients, explain coverage details, and help customize agreements to specific needs.
• Legal Counsel: Review agreements for compliance with Swiss regulations and protect client interests during negotiations.
• Risk Managers: Assess coverage needs, recommend policy types, and ensure adequate protection across business operations.

• Risk Assessment: Document all business activities, assets, and potential liabilities that need coverage under Swiss law.
• Coverage Requirements: List mandatory insurance types for your industry and any additional coverage needed based on contracts or business operations.
• Company Details: Gather accurate information about business structure, locations, employee count, and annual revenue.
• Claims History: Compile records of past insurance claims and risk management procedures.
• Draft Review: Our platform generates precise Insurance Agreements that comply with Swiss VVG requirements, but always review terms, exclusions, and coverage limits carefully.

• Party Information: Full legal names and addresses of both insurer and insured, with Swiss business registration details.
• Coverage Scope: Clear description of insured risks, coverage limits, and exclusions in the preferred national language.
• Premium Details: Payment amounts, schedules, and any conditions affecting premium adjustments.
• Claims Process: Specific procedures for filing claims and required documentation under VVG guidelines.
• Duration and Termination: Contract period, renewal terms, and cancellation rights (including 14-day cooling-off period).
• Governing Law: Reference to Swiss insurance law (VVG) and applicable cantonal regulations.

An Insurance Agreement differs significantly from a Broker Agreement in several key aspects, though both play important roles in Swiss insurance operations. While an Insurance Agreement establishes the actual coverage and obligations between insurer and insured, a Broker Agreement defines the relationship between an insurance broker and their client or insurance company.

• Primary Purpose: Insurance Agreements create binding coverage for specific risks, while Broker Agreements outline service terms and commission structures for insurance intermediaries.
• Legal Framework: Insurance Agreements fall under the Swiss Federal Insurance Contract Act (VVG), whereas Broker Agreements are governed by agency law and FINMA regulations.
• Duration and Scope: Insurance Agreements typically run for fixed terms with specific coverage limits, while Broker Agreements often continue indefinitely until terminated by either party.
• Parties Involved: Insurance Agreements are between insurers and the insured, while Broker Agreements involve intermediaries acting on behalf of clients or insurance companies.