Creating insurance policies for construction companies and construction contractors is our expertise over the years.
Itzick Simon, the leading agency for insuring contractors, developers, construction companies and infrastructure
Insurance policies for construction companies or a contractor insurance policy at a high professional level is a challenge for experienced professionals and a headache for developers, contractors and work orderers in complex projects such as TAMA 38 and the professionals who accompany them, as it requires in-depth familiarity with professional insurance issues and extensive knowledge of all stages of the construction process and its implications.
A construction insurance policy, or in professional jargon: a contractor's work insurance policy , is one of the most complex and complicated policies available in the insurance market, and the need to adapt it to the special risks characteristic of complex projects such as TAMA 38 and urban renewal - only adds additional questions and difficulties when adapting the insurance to the characteristics of the project.
Added to this are question marks regarding the supplementary policies: professional liability insurance for the entrepreneur/contractor and product liability insurance , important and necessary insurances whose precise purpose is not understood by many.
Our office creates insurance for some of the leading construction companies in the economy, exclusively supporting entrepreneurs, contractors and work orderers for over 35 years.
Contractor and construction company insurance, contractor work insurance, TAMA 38 insurance and all supplementary policies have been our daily business for years, including very successful handling of complex insurance claims . The vast knowledge and experience we have accumulated over the years in these unique fields is at our clients' disposal and allows us to create insurance policies for them with the appropriate coverage for the required need.
The question is - who will pay you and compensate you in the event of an insurance event?
And the answer is simple: it depends on how broad and comprehensive your insurance coverage is.
This is where we come into the picture with some great and exclusive advantages:
Over 35 years of experience in the field, during which we have compiled a list of risks against which you must be insured in order to obtain optimal insurance coverage.
A combination of professionalism in the construction industry and expertise in the insurance industry, which together create a perfect fit for your insurance coverage needs.
A leading agency status created on the basis of the first two advantages. And since we market many insurance products intended for contractors, we are able to obtain quality insurance policies for our clients in the construction industry at a fair price.
Close professional support that includes not only quality insurance advice but also the establishment of a team of insurance experts, surveyors, appraisers, engineers, accident investigators, and more who come together to provide a comprehensive solution for you. We support you in exercising your rights against the insurance company in the event of an insurance event.
Seeing the big picture that weighs the information you have provided us with about the organization prevents both double insurance and underinsurance.
This is where we and our team of experts come into the picture and then - things look different
Construction insurance
The construction industry is a fascinating industry that combines hard manual labor on the one hand and entrepreneurship and creativity on the other - and there is a lot of satisfaction and pleasure in it.
At the same time, given the complexity of the industry, the dynamism of construction processes, and especially the high number of accidents and the damage caused as a result - almost no contractor or foreman "sleeps with both eyes closed" at night.
Always and at any time of the day, the fear that something might happen: a malfunction, an accident, damage, a work stoppage order, an investigation in the event of damage and in an accident with casualties - even a police investigation . It is no wonder, then, that every person in a position would want to wrap themselves in maximum insurance coverage . We, a leading insurance agency in the construction industry, create an insurance package for you that will protect you.
When we approach formulating a contractors' insurance policy, it is important to internalize the fact that every construction project has characteristics that distinguish it from other projects, and as a result, the risks inherent in it and the required protective measures are unique to it.
Because this is the case - whether it is construction company insurance, entrepreneur insurance, contractor work insurance or professional liability insurance - no one policy is the same as another. All of this data - and especially the risk factors that characterize the industry - is also known to insurance companies. Therefore, rightly, they examine the details of every project, venture and construction site, require protective measures, exclusions and sometimes even prefer not to insure at all.
For information or details on the type of insurance required, please fill out the form and we will contact you as soon as possible
Please fill out the form for information or details about the required insurance, and we will contact you as soon as possible.
A contractors insurance policy that provides the coverage and solution tailored to you
When formulating any contractors insurance policy, your goal and ours are the same: to achieve optimal insurance coverage, at the lowest possible cost . And there are other added values that significantly contribute to you being insured and not just "having an insurance policy." Over 35 years of our rich experience in insuring contractors and developers, during which we have gained extensive knowledge in the construction professions, in knowing construction processes, in understanding technical specifications, and more. All of this has taught us where the dangers lurk, and how to protect you from them. As we know, there is no construction project without faults. Therefore...
Professional liability insurance for contractors
A quick look at the list of coverages that a professional liability insurance policy is designed to cover indicates that expensive surprises can come from many unexpected directions. In fact, there is no construction project without faults, no contractor who does not make mistakes (collapsing balconies, tiles falling from the exterior walls...) and here, any damage is a costly matter. Very!!! It is no wonder, then, why insurance companies are extremely cautious in construction industry insurance such as contractors insurance , product liability insurance or professional liability insurance . Against the background of the above...
Insurance for entrepreneurs
The whole purpose of developer insurance is to allow you to sleep with both eyes closed and prevent you from paying for damages throughout the life of the project. After all, everyone knows that the construction industry (and as a result, real estate development) stands out, not in a good way, for the number of malfunctions and accidents. These cause major damages, the cost of which can be devastating financially and even criminally. A smart developer insurance policy that anticipates possible malfunctions is among the only means you have to protect yourself from expenses that could reach up to...
Personal responsibility
The "personal liability" clause was intentionally written at the end. Because the bottom line is that it is important to remember: In any case - as a contractor, entrepreneur, owner of a construction company, shareholder in a company, etc. - you are personally liable for any insurance event, especially events involving physical and mental injuries.
Personal liability can be interpreted in two ways: tortious and criminal. Therefore, we invest efforts to expand the insurance coverage in the contractor's work policy to the maximum possible extent.
