Itzick Simon - A contractors insurance agency that offers you a combination of comprehensive coverage with an affordable price. It's insurance!
Contractors insurance is an all-risks insurance policy for contractors that provides coverage and protection against damage to property, third parties, and employer liability.
The policy provides you, the contractor/developer/client, as well as the subcontractors acting on your behalf, with protection against the risks to which you are exposed during or during the execution of the work, both from damage to the structure being constructed and from a claim by an employee or third party who is injured in person or on their property.
In any type of contractor insurance or
Contractors insurance for a construction project entails countless risk management challenges at the contractual level, at the safety level (prevention), and in the insurance platform.
What is needed here is a contractors insurance policy that is no less than the sum of its parts. Often the success of the project at the time of delivery (and beyond) is a direct function of meticulous and accurate contractors project insurance.
Contractors insurance is our specialty at the Itzick Simon Insurance Agency. A home for your project based on 40 years of experience in construction insurance (during which we have accompanied thousands of projects of all sizes) and a team led by insurance agents, a structural engineer, lawyers and insurance consultants.
Contractors Insurance
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Contractors Insurance Policy - What is important to know?
As a contractor, you are often subject to a complex system of business pressures: low profit margins, complex calculations and errors in execution costs and inputs, meeting deadlines, a shortage of skilled labor, close and strict supervision by the client, and alongside all of this: enormous financial risks against the backdrop of a set of 'lump sum' contracts that characterize most engagements with an execution contractor or a contractual contractor, contracts in which any mistake could lead to economic collapse. On the bustling and dynamic construction site, you also have tort and criminal liability and risks of an accident, damage or injury during execution and afterwards - and against this background, the importance that must be attributed to a proper system of contractors insurance is clear. Contractors insurance will include all risks for contractor work, product liability and professional liability. The rich experience we have gained in contractor insurance over decades of specialization in the field, the extensive knowledge we have gained in the construction professions, in knowing construction processes, in understanding technical specifications and countless hours on construction sites, all of which have taught us where the dangers lurk, and how to protect you from them through meticulous contractor insurance.
Each project has its own uniqueness and complexity, and accordingly, in every contractor insurance policy we formulate, we try to include the maximum expansions and protections you need. An insurance policy for construction contractors is not uniform but is tailored exactly to your needs.
How can we help you? We will explain through an example. One of the key barometers in determining the feasibility of insurance and the scope of coverage in contractor work insurance is the insurance company survey conducted by a surveyor on behalf of the insurer. At the Itzick Simon Insurance Agency, which relies on insurance and engineering experience of about 40 years, we do not treat this survey lightly or "as such, see and sanctify." Quite the opposite. We know how to read between the lines and understand every word.
We pride ourselves on our ability to analyze all the professional aspects that arise from the insurance company's survey, and to conduct effective negotiations on behalf of the insured at this point in time (the "pre-policy" stage). Our team, closely accompanied by an insurance engineer who is a licensed insurance agent, discusses each and every section, using professional opinions formulated by first-class professionals, using supplementary surveys if necessary (such as a survey of documentation of adjacent buildings), etc. All of this (and more) to bring about the best result, which is a comprehensive, high-quality policy, and most importantly - leaving minimal room for disputes on the day of the order (insurance event).
Our advantages as an insurance agency providing contractors insurance
✔ Even insurance companies that provide contractors insurance have their own requirements, and here our experience has taught us to develop creative solutions that can provide the insurance company with comprehensive information and reassure them against overestimating project risks - thus giving you better insurance coverage terms and price.
✔ We at Itzick Simon Agency for Contractors Insurance believe in availability and professional guidance throughout the project and afterward. This means advice and direction when an insurance event occurs, activating a team of contractors insurance experts who know how to deal with and stand up for your rights according to the policy.
✔ And there's more. All these unique advantages and services in the field of contractors insurance have given our word added weight with insurance company underwriters who are willing to accommodate us, both in costs and in extensions, because they have learned over the years to recognize our professionalism and integrity in which we believe and by which we operate.
Another significant
One of the contractor's most important defenses is the existence of a proper system, centered, of course, on a contractor's work insurance policy. The Itzick Simon Insurance Agency is at your side with a wealth of experience gained with thousands of projects, thousands of construction contractors and developers, and for over 35 years. The extensive knowledge we have accumulated is at your disposal to provide optimal coverage for protection against potential risks and damages.
One of our most significant advantages (alongside our multidisciplinary experience and knowledge) is that at the Itzik Simon Insurance Agency you will also receive the support of a dedicated engineering department headed by civil engineer Omri Nissany, who is also an insurance agent.
The agency's engineering department enables the finding of practical and unique solutions in accordance with the various construction methods in Israel and by virtue of familiarity (real and on-the-ground) with the range of risks involved. Thus, as insurance companies pile up difficulties in issuing a policy or in the framework of procedures for an insurance event, the engineering knowledge in our agency is an extremely important tool in the hands of the client. Whether in adjustments to the construction method in order to obtain an optimal policy or in analyzing the insurance event (also) through engineering lenses.
Contractors and developers who work with us benefit from an insurance agency that speaks their language, knows how to make insurance accessible to the policy, and fully understands their risks and concerns.
Of course, these things connect to our main advantage, which is that we deal almost exclusively with construction insurance, product liability, and professional liability for contractors and developers.
The agency's team consists of experienced and highly skilled insurance agents, lawyers, a structural engineer (as mentioned), and more. We are well-versed in the construction processes in Israel, read technical specifications on a daily basis, and have logged countless hours on construction sites all over the country. Both small and large.
Want more information? Our team of experts is here for you, we'll be happy to help
See also these articles:
Small Contractor Works Insurance as part of a necessary insurance coverage array for contractors and construction companies.
It is recommended to read the article about Contractor Conviction for Safety Violations.
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Examples of projects we have secured
