it will not pay for the loss of earnings/business during your stay in the hospital and convalescence I can't speak for other countries in Europe. But in Switze

it will not pay for the loss of earnings/business during your stay in the hospital and convalescence I can't speak for other countries in Europe. But in Switzerland you have mandatory coverage from your employer. The employer will pay your salary for a certain amount of time. After that insurance will kick in and pay (usually) 80% for up to a couple of years. After that invalidity insurance kicks in. That's usually about 60% of your salary until retirement. You can buy added coverage to raise those percentages. Bankrupcy for medical reasons is pretty much unheard of herearound.