Road Paving, Bridge and Interchange Insurance - 30 Years of Experience with Accompaniment of a Civil Engineer who is a Licensed Insurance Agent.
Road paving, bridge and interchange insurance combines contractors' work insurance with complex aspects that characterize large projects of this type. The policy includes employers' liability insurance against work accidents, property insurance as a response to heavy damages (mainly to the site itself as a result of natural disasters) and third-party insurance derived from interfaces with busy transportation routes and/or dense urban spaces.
Itzik Simon Insurance Agency has been involved in construction insurance for over 35 years and accompanies construction companies of all sizes. Including complex, challenging and large-scale projects such as bridge construction, interchange building and road paving.
This is not a trivial matter. What's required here is an insurance agency with seniority and experience that knows how to deal with the difficulty of obtaining proper insurance in the magnitudes involved. Magnitudes that usually require direct involvement of reinsurers abroad (international insurance companies that provide the financial backing to Israeli insurance companies). Underwriting is often done with insurance companies abroad that define the policy, the terms, the deductibles, the premiums, the exclusions, etc.
Earthworks and infrastructure insurance
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Contractors' Insurance Planning
Contractors' insurance planning for infrastructure work is derived from professional analysis of the risks facing the project and in accordance with tender requirements issued by institutional bodies, local authorities, infrastructure owners, government offices, Israeli and international companies and more. Sometimes these are large-scale projects requiring contracting based on approaching reinsurers abroad and focused approval.
We offer rich experience in arranging earthwork and infrastructure insurance that combines insurance coverage on all levels - property insurance, third-party insurance and employers' liability insurance. The insurance is arranged in meticulous correlation to the risks inherent in earthwork and infrastructure performed with heavy equipment, engineering machinery, many trucks and in dense and busy areas (such as urban spaces or busy transportation routes).
Insurance for Earthwork and Development Contractors
Itzhak Simon Insurance Agency has specialized for over 35 years in construction insurance in general and in arranging earthwork and infrastructure insurance in particular.
We emphasize details in both small and large projects and help our clients meet stringent and meticulous tender requirements.
Insurance for earthwork and development contractors at our agency is done through close analysis of risk exposure and the agency team is available to the client on demand if it becomes necessary to activate the policy.
Property insurance for earthworks and infrastructure contractors
Contractors' insurance consists of three sections - property insurance, which deals with construction inputs and work in progress, third-party insurance, and employers' liability insurance. It is important to know that the insurance does not include property insurance for construction equipment, tractors, excavators, vehicles, etc. Therefore, the above equipment must be insured with adequate property and construction insurance, with an emphasis on various risks such as natural damage.
We are careful to arrange property and casualty insurance for earthworks and infrastructure contractors, which is based on the value of the property and adequate insurance amounts. This is based on experience gained over more than 3 decades, during which we have accompanied countless construction projects of various sizes.
Third-party insurance for earthworks and infrastructure contractors
Earthworks and infrastructure are frequently performed in "live" areas such as dense urban spaces, busy transportation routes, etc. In order to ensure that the insured is covered with the broadest and most comprehensive coverage, we take great care in drafting a third-party insurance chapter in the contractor's work insurance policy for earthworks and infrastructure contractors.
The agency, accompanied by a full-time engineer, who is also a licensed insurance agent, closely characterizes the risks to third parties and provides a solution with contractors' insurance that includes adequate amounts for third-party compensation.
Employers' liability insurance for earthworks and infrastructure contractors
Employers' liability insurance is an important section of any contractor insurance policy, in light of the high and unfortunate rate of work accidents in the construction industry (including fatal work accidents).
This is especially true regarding the employers' liability insurance section for earthworks and infrastructure contractors who work on complex, challenging, large-scale, and high-risk projects.
We take care to arrange meticulous contractors' insurance that provides a significant response to earthworks and infrastructure, with an emphasis on employers' liability insurance in an adequate amount. An amount that embodies both the handling of legal proceedings and the high compensation customary in tort law rulings in Israel.
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