Mandatory and useful insurances

There are social insurances - depending on the legal form, which are voluntary and compulsory.

Holders of sole proprietorships, general partnerships and limited partnerships are considered self-employed for social insurance purposes. They are responsible for their own pension provision. 

Holders of e.g. limited liability companies, stock companies are at the same time employees. For the social insurances they are considered as dependent employees. 

Whoever lives or works in Liechtenstein has access to medical care through compulsory health insurance. Self-employed persons must conclude a corresponding insurance contract.

Compulsory health insurance provides persons living or working in Liechtenstein with benefits in kind and cash benefits in the event of illness or accident, if such benefits are not covered by accident insurance.

In Liechtenstein, the employer pays an employer's share of the employee's mandatory health insurance premiums. If the employee is employed 100%, the employer and employee each pay half of the premiums. According to the degree of employment, the employer's contribution is reduced for part-time employees.

For more information on the topic, see Liechtenstein Business

In Liechtenstein, companies are obliged to take out daily sickness benefits insurance for their employees. They also pay half of the contribution to the mandatory daily sickness benefits insurance for employees. 

Liechtenstein Business

The second (company pension scheme) pillar is also mandatory.  It is the employer's responsibility to register the employee, deduct the contributions from the salary and then forward them to the pension scheme. As a rule, the employee and employer pay equal shares of the contributions, although deviations are possible depending on the regulations.

Liechtenstein employers are obliged to insure their employees against accidents and occupational diseases. The Compulsory Accident Insurance (OUFL) is divided into occupational accident and non-occupational accident insurance.

The entrepreneurs are relatively free to decide which risks they want to have covered with insurance. 

Practically in every company, the business liability is part of the basic requirements. The Business interruption insurance covers financial consequences of business interruptions (direct as well as lost profit). The conclusion of a legal protection insurance is recommended.