These foundations can be summarised in a single sentence:
" We build you a professional and smart insurance policy in Israel " may sound like an advertising slogan, but in practice, this is our 'hardcore' and it takes shape every day, hour by hour, on construction sites, in the office, in ongoing contact with insurance companies, and in the operation of the team of experts who will stand by you both during the policy formulation stage to build the optimal insurance coverage, also during insurance event inspections to ensure that all of your rights as stated in the policy are fully exercised, and also on an ongoing basis for professional advice, guidance, and support.
Our work process involves formulating a comprehensive package that provides maximum protection, with complete transparency and in full coordination with the client:
1. Tailoring the insurance cover and the policy wording to the type of business and the nature of activities.
2. Analysing the risk and the legal requirements.
3. Reviewing your contractual covenants and their impact on the insurance.
4. Determining the sums insured.
5. “Polishing up” definitions to ensure complete clarity and avoid ambiguity.
6. Reviewing the policy exclusions and risks that are not covered under the policy.
7. Discussing and defining strategy concerning your insurance, liability and indemnity clauses with the principals and subcontractors.
8. Devising an overall strategy and corporate policy as the basis for risk management in relation to all of the above depending on the financial abilities and requirements of the client.
9. Assisting lawyers in wording insurance and liability clauses, tailored to the chosen strategy.
10. Arranging the insurance cover as soon as possible, arranging for certificates of insurance to be signed and conducting negotiations where necessary with principals and/or lessees.
11. Ongoing support including following-up expiry dates of the insurance for each project.
12. Dealing with insurance claims as quickly and professionally as possible.
The 12 foundations of an optimal insurance portfolio
Itzick Simon Insurance Agency
Nice to meet you – the leading construction insurance agency
If you ask any of our hundreds of clients, developers and contractors, where it is best to get insurance, the answer will be: Itzick Simon Insurance Agency.
Our office provides full and comprehensive service for all the insurance needs of those involved in the fields of construction, real estate entrepreneurship, as well as urban renewal projects such as TAMA 38 projects.
Contractors' insurance in general and contractor work insurance in particular has been our area of expertise for about 40 years, during which time we have accumulated a diverse and respected list of clients, and, no less importantly, a respected status among insurance company underwriters who have learned over time to recognize the professionalism, integrity, and creative solutions that enable the issuance of contractors' insurance policies with the broadest protection at the most affordable cost.
On a personal note,
Thank you for taking an interest in my agency and browsing my internet site. This page and the site contains extensive information about the agency, our extensive experience, our clients, our creative working methods and the insurance policies we arrange, but at the end of the day it’s important to turn words into action.
I invite you to phone me whenever you wish for any advice or queries, or to arrange a meeting with a view to formulating an insurance policy with the widest cover possible at a competitive price.
The additional values
Formulating an insurance policy which is individually tailored to your needs is possible by virtue of our ability to take a “global” view, analyse the data at the highest resolution possible and conduct the most precise and rigorous preparatory work possible as the basis for arranging the policy.
Devising creative solutions for any insurance related dispute that arises, or gap between the insurance requirements and the willingness of the insurance company to provide cover. Quite simply put – creative solutions that lead the insurance company to agree to delete certain exclusions, onerous conditions and protection requirements and provide you with the very widest insurance cover available.
We are specialists in dealing with complicated claims and it’s enough to take a look at accident and injury data from the construction industry to understand how professional claims management is a matter of added value. Large or serious claims leave you in a playing field that you are quite unfamiliar with and they involve accusations, investigations and dilemmas. Therefore, if necessary, we can assist in arranging for a team of experts including insurance loss assessors, safety experts, accident investigators and engineers to guide you through the entire process and deal with difficult situations.
Our customers
Our clients include property developers, building contractors and real estate investors, all of who benefit from an array of products and services including Contractors All Risks insurance cover for building contractors and construction companies, commercial insurance for property investors, Products Liability and Professional Indemnity Insurance, Directors and Officers Liability Insurance, Property Insurance, Third Party Liability Insurance and Employers Liability Insurance; all of which are tailored to the unique characteristics of each individual project.
