Statistics of 6,000 casualties, of which nearly 50 fatalities each year, essentially requires us to give high importance to the employers' liability insurance chapter in the contractors' work insurance policy. We invest great efforts to obtain maximum insurance coverage for you at the minimum possible cost.
High casualty statistics necessarily indicate a multitude of scenarios, dangers and unexpected surprises.
These lead the insurance company to do everything to minimize risks from its perspective by setting protective requirements and preconditions for insurance approval, reducing insurance coverage and demanding high cost.
We'll immediately get to our exclusive ways to issue a policy for you with minimum requirements, exclusions and reduced costs. But first, a brief and comprehensive explanation of employers' liability insurance.
Chapter C: Insurance of Contractual Works. Employers' Liability Insurance
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What exactly is employers' liability insurance? (Chapter C in contractors' work insurance policy)
Definition of an insurable event: Physical or mental bodily injury or death of one or more of the insured's employees, as a result of an accident that occurred during or as a result of their work on the insured project, as well as as a result of an illness that occurred during and as a result of their work as stated. The insurance coverage (as its extended definition according to the terms of "Bit 2013"), is for liability according to:
The Torts Ordinance (New Version)
The Liability for Defective Products Law 1980
The insurance is intended to cover employee claims against the employer, for compensation regarding the aforementioned events, beyond National Insurance benefits as well as compensation for suffering, loss of enjoyment, disability and more - according to court ruling.
Our knowledge and experience - and all the profit is yours
Here comes into action the first and greatest advantage in working with us as the leading insurance agency in the construction industry: experience.
Over more than 30 years of our involvement in construction industry insurance, we can say we have seen, experienced and learned almost everything about the complexity of the construction industry and the insurance coverages required for those working in it. The rich experience over the years has taught us to formulate every contractors' work insurance policy from a comprehensive view of the project: because only the broad picture allows us to anticipate the 'unexpected' and prepare appropriate insurance coverage for it. And no less importantly, insurance companies have also learned over the years to recognize the thorough and deep way we work, to accept our creative solutions that enable us to obtain more insurance coverage for you at the lowest cost and best terms.
And there are additional advantages:
Another advantage is the enormous investment we dedicate: to gathering information about the project with the help of insurance experts in the construction industry, to characterizing the project's uniqueness (no two construction projects are alike), to preparing a list of expected risks (and the 'unexpected' ones that our rich experience has taught us to be wary of) and more. Based on all these - creative solutions are formulated that lead to removing exclusions from insurance coverage and approving the required extensions for optimal insurance coverage for you. And there are more advantages:
Our knowledge and experience - and all the profit is yours
✔ You have a policy. Facing the insurance company's deliberation whether to issue you an insurance policy, stands the rich experience we've accumulated and the long mileage in joint work with insurance company underwriters. These have learned to recognize the quality of our work and integrity and our ways to bridge between your needs and their concerns.
✔ You have extended insurance coverage. As mentioned, the employers' liability insurance chapter in the standard all-risks policy does not give you the response you need. So that you take on as few risks as possible and are protected from as many 'surprises' as possible, we place special emphasis on purchasing the extensions required for optimal insurance coverage.
✔ Cost has importance. In our toolkit we have various tools in the work box, with which we can obtain fair and good prices for the insurance policy we arrange for our clients.
✔ We are with you. And we'll start with immediate availability. You never know when a serious insurable event will occur requiring activation of employers' liability insurance. But when it happens and the accident is severe, we use a team of experts: insurance adjusters, surveyors, engineers, and when necessary, we also conduct accident investigations by experts and those experienced in the field - all to provide you with maximum protection in such a difficult situation.
