Handling small (and annoying) third-party claims through Broadspire Israel
May 15, 2018
Without the headaches, time, and energy that these claims demand from you
We are pleased to introduce the collaboration between us and Broadsphere Israel, a company specializing in third-party claims management. Before presenting Broadsphere Israel and the ways it can assist you, let us start with a brief overview of how this service can make your life easier:
One characteristic of the construction industry in the commercial sector is that everything is big! Financial volumes are large, the number of professionals and workers involved in constructing a building (let alone a complex of buildings) is significant, profits are substantial, and alongside these come the risks. Insurance events—and as a consequence, damages, claims, and compensation—are often also large in scale.
Naturally, those active in the industry are not prepared to deal with the “small stuff,” especially minor claims considered “annoying.” Yet, these claims land on your desk and demand time, energy, and attention—distracting you from managing larger projects and even potentially harming your reputation. Here are three common examples of minor claims:
A concrete pump operator washed away spilled concrete onto the sidewalk at the end of the workday, causing a pedestrian to slip and break their hand.
A pedestrian tripped and was injured due to a depression in the sidewalk caused by truck traffic at the construction site entrance.
A gate at the site entrance, caught by the wind, swung and hit a passing car, causing damage.
Sometimes, such damages lead to large claims requiring insurance involvement. However, in many cases, the claimant does not suffer significant harm but perceives an “easy target” and therefore demands high compensation (because asking is easy… proving less so).
Given this, your options are:
Pay the required compensation out of pocket (for which you don’t need us).
Involve your insurance (and pay a high deductible, which is almost automatically triggered by the insurer’s legal handling).
Go through the courts, with all the time, energy, and legal costs that entails.
Or… you can turn to us, through Broadsphere Israel, who will remove this nuisance from your shoulders and resolve the claim to your satisfaction.
Contents and benefits of Broadspire's collaboration with clients Itzik Simon
By: Ron Tosman – CEO, Broadsphere Israel
Broadsphere Israel is an international company specializing in third-party claims management. Our company focuses on the field of torts, including personal injury claims, property claims, third-party liability, and product liability.
The parent company, Tosman & Co. Appraisers and Surveyors, is among the leading appraisal firms in the insurance sector in Israel. The company has been active for over seven decades, providing appraisal and surveying services primarily for insurance purposes across all sectors in Israel and in most countries worldwide. Tosman & Co. works in cooperation with local insurers, reinsurers, companies, developers, investment and real estate firms, private and public financial institutions, municipalities, and more. Tosman & Co. is the exclusive representative in Israel of Crawford & Co., the world’s largest international appraisal company.
Cooperation with the parent company, Tosman & Co., allows clients to receive a wide range of solutions in legal, insurance, and appraisal fields, providing professional, fast, and comprehensive responses when receiving demand letters and claims.
In collaboration with the insurance agency Itzik Simon, our company offers clients an initial evaluation of their case free of charge, as well as competitive and cost-effective rates if the case is settled and the client receives a dismissal letter.
Broadsphere conducts an initial assessment of clients’ claims and provides fast and effective feedback regarding the likelihood of success and the compensation amount for the damage incurred, helping clients decide whether to forward the claim to their insurance company.
We strive to be the leading company in our field while maintaining the highest level of service for our clients. Broadsphere commits to providing clients with ongoing and readily available support.
Broadsphere undertakes, before any negotiation is finalized, to update the client and obtain their approval for the settlement amount, unless otherwise agreed between the parties.
Broadsphere informs the client in situations where there is reason to reject a demand or claim.
Our clients include public and commercial entities such as the UN, Tel Aviv Municipality, the global ISS network, Hilton Hotels, David Intercontinental Hotel, IsraeliPT, and many more.
Clients may terminate their engagement with Broadsphere at any time, provided they have paid for the cases being handled and/or cases that have already been processed.
The company’s goal is to manage claims in the most effective way, achieving cost savings while preserving your company’s reputation and name, through full cooperation with insurance companies.
Our company possesses the professional experience and capabilities required to optimally manage third-party claims, employing a flexible strategy that shortens claim lifecycles, ensures rigorous indemnity control, and provides creative and unique solutions tailored to the client’s needs.
We would be happy to schedule a personal meeting to answer all your questions and provide additional information about the company and its areas of expertise.
Respectfully,Ron Tosman
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