Insurance for the construction of electrical and communications infrastructure
Jan 30, 2022
Insurance for construction, construction and renovation of electrical and communications infrastructures with over 30 years of experience.
Insurance for the construction, establishment and renewal of electrical and communications infrastructure is insurance for contractor work for complex projects such as the construction of high-voltage lines, the construction of urban, industrial and transportation power lines, the deployment of optical fibers, the maintenance of electrical and communications lines, etc. The policy is an "All Risk" policy and includes three sections: property insurance, employers' liability insurance and third-party insurance.
The project may include the construction of new infrastructure and/or the renewal of existing infrastructure, as well as work to maintain existing lines in the national, urban or rural area, or various industrial complexes. In light of the risks and the fact that these are projects where "any damage is a major damage" , it is important to be careful with insurance, both minor and serious.
The Itzick Simon Agency has over 30 years of experience in issuing construction and construction insurance. The insurance is tailored to the tender requirements and with the aim of providing holistic coverage on the day of the order . We closely accompany the client to identify "weak points" in the project and analyze the correct way to handle them. A building engineer (with a licensed insurance agent license) who is part of the agency accompanies the preparation of the policy from A to Z.
Insurance for construction, construction and renovation of electrical and communications infrastructures with over 30 years of experience.
Insurance for the construction, establishment and renewal of electrical and communications infrastructure is insurance for contractor work for complex projects such as the construction of high-voltage lines, the construction of urban, industrial and transportation power lines, the deployment of optical fibers, the maintenance of electrical and communications lines, etc. The policy is an "All Risk" policy and includes three sections: property insurance, employers' liability insurance and third-party insurance.
The project may include the construction of new infrastructure and/or the renewal of existing infrastructure, as well as work to maintain existing lines in the national, urban or rural area, or various industrial complexes. In light of the risks and the fact that these are projects where "any damage is a major damage" , it is important to be careful with insurance, both minor and serious.
The Itzick Simon Agency has over 30 years of experience in issuing construction and construction insurance. The insurance is tailored to the tender requirements and with the aim of providing holistic coverage on the day of the order . We closely accompany the client to identify "weak points" in the project and analyze the correct way to handle them. A building engineer (with a licensed insurance agent license) who is part of the agency accompanies the preparation of the policy from A to Z.
Insurance that provides a solution to diverse risks
The construction of electrical and communication infrastructures involves well-known challenges, such as horizontal drilling instead of excavations, which require precise coordination and mapping of existing infrastructures. Similarly, many projects are carried out in bustling urban areas, creating risks for third parties. Among other things, when the project requires the closure of transportation routes, dynamic fencing that progresses as the work progresses alongside busy streets, etc.
In addition, electrical and communications infrastructure insurance should address risks associated with working around and/or on high-voltage lines or communications lines (including, of course, active lines). Work on these projects is characterized by the use of heavy and advanced equipment for excavating and burying lines.
Insurance for the construction of electrical and communications infrastructure involves various parties with conflicting interests, such as the electricity company, Israeli and international communications companies, local authorities, infrastructure owners, government offices, etc. When arranging insurance, attention must be paid to mapping the requirements of the various bodies and to accompanying the client in negotiations with the client, in order to refine the insurance clauses in the contracts.
The Itzick Simon Insurance Agency has extensive experience in the above field, including in complex projects for the construction of electrical and communications infrastructures in entire neighborhoods and large-scale complexes. The agency specializes in insurance support even when the magnitude requires approvals from reinsurers abroad. We insure diverse projects such as insurance for communication and Internet lines, insurance for the deployment of fiber optics, infrastructure insurance for the construction of high-voltage lines, and more.
The construction of electrical and communication infrastructures involves well-known challenges, such as horizontal drilling instead of excavations, which require precise coordination and mapping of existing infrastructures. Similarly, many projects are carried out in bustling urban areas, creating risks for third parties. Among other things, when the project requires the closure of transportation routes, dynamic fencing that progresses as the work progresses alongside busy streets, etc.
In addition, electrical and communications infrastructure insurance should address risks associated with working around and/or on high-voltage lines or communications lines (including, of course, active lines). Work on these projects is characterized by the use of heavy and advanced equipment for excavating and burying lines.
Insurance for the construction of electrical and communications infrastructure involves various parties with conflicting interests, such as the electricity company, Israeli and international communications companies, local authorities, infrastructure owners, government offices, etc. When arranging insurance, attention must be paid to mapping the requirements of the various bodies and to accompanying the client in negotiations with the client, in order to refine the insurance clauses in the contracts.
The Itzick Simon Insurance Agency has extensive experience in the above field, including in complex projects for the construction of electrical and communications infrastructures in entire neighborhoods and large-scale complexes. The agency specializes in insurance support even when the magnitude requires approvals from reinsurers abroad. We insure diverse projects such as insurance for communication and Internet lines, insurance for the deployment of fiber optics, infrastructure insurance for the construction of high-voltage lines, and more.
Internet communications in Israel are in constant development. If we focus for a moment on Internet infrastructure, we can easily see the revolution in the deployment of optical fibers throughout the country, and this is just one example of many.
In light of the complexity and scope, communication and internet infrastructure insurance for contractors must address a range of challenges. At the Itzick Simon Insurance Agency, we provide a meticulous and professional response. We offer communication infrastructure construction insurance for construction companies and quality solutions for fiber optic installation contractors. The agency helps its clients meet the terms of the tender and benefit from a quality and comprehensive contractor work insurance package.
Communication and Internet infrastructure insurance for contractors
Infrastructure work in the field of communications and electricity can be carried out in large areas, such as in the establishment of new neighborhoods, or in the heart of the urban area, such as in the renovation of existing infrastructure. Either way, these are challenging projects that require all-risk insurance without compromise.
Since these works require the use of mechanical engineering equipment, we offer our clients associated CMA vehicle policies to cover property damage against excavation collapse on the tools, malicious damage, natural damage, fire, explosion, etc.
The Itzick Simon Insurance Agency offers its clients property insurance for telecommunications and electrical infrastructure contractors with uncompromising standards of coverage. The insurance is arranged after a preliminary analysis, risk characterization, identification of weak points and finding solutions.
Property insurance for contractors involved in electrical and communications infrastructure
Infrastructure construction or renovation projects involve significant risks for employees and staff. Since case law in Israel has advanced in recent years and claims for bodily injury at work are soaring to enormous amounts, contracting work insurance should be in adequate amounts and with only minimal exclusions/exclusions.
At the Itzick Simon Insurance Agency, we take this seriously and make sure to take the easy as the serious when arranging employers' liability insurance for contractors involved in communications and electrical infrastructure, down to the smallest details.
Employers' liability insurance for contractors engaged in electrical and communications infrastructure
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