Insurance for Construction, Establishment, and Renewal of Electricity and Communication Infrastructure with Over 35 Years of Experience.
Insurance for construction, establishment, and renewal of electricity and communication infrastructure is contractor works insurance for complex projects such as high-voltage line installation, urban industrial and transportation electricity line installation, optical fiber deployment, maintenance of electricity and communication lines, and more. The policy is an "All Risk" format policy and includes three sections: Property insurance, Employers' liability insurance, and Third-party insurance.
The project may include establishing new infrastructure and/or renewing existing infrastructure, as well as work for maintaining existing lines in national, urban, or rural areas or various industrial complexes. Given the risks and the fact that these are projects where "any damage is major damage," it's important to be meticulous with insurance, treating minor issues as seriously as major ones.
The Itzik Simon Agency has over 35 years of experience in preparing construction and establishment insurance. The insurance is tailored to tender requirements and aims to provide holistic coverage when needed. We closely accompany the client to identify "vulnerable points" in the project and analyze the correct way to address them. A civil engineer (with a licensed insurance agent license) who is part of the agency accompanies the preparation of the policy from start to finish.
Insurance for the construction of electrical and communications infrastructure
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Insurance That Addresses Diverse Risks
The implementation of electricity and communication infrastructure encompasses known challenges such as horizontal drilling instead of excavations, requiring coordination and precise mapping of existing infrastructure. Similarly, many projects are carried out in busy urban areas and create risks for third parties. These include situations where the project requires closing transportation lanes, dynamic fencing that progresses with the work alongside busy streets, etc.
Additionally, electricity and communication infrastructure insurance needs to address risks in working in the environment of/on high-voltage lines or communication lines (including, of course, active lines). Work on these projects is characterized by the use of heavy and advanced equipment for excavations and line burial.
Electricity and communication infrastructure construction insurance involves various stakeholders with conflicting interests such as the electric company, Israeli and international communication companies, local authorities, infrastructure owners, government ministries, etc. When preparing the insurance, attention must be paid to mapping the requirements of the various entities and accompanying the client in negotiations with the client, to refine the insurance clauses in contracts.
The Itzik Simon Insurance Agency has rich experience in the aforementioned field, including complex projects for establishing electricity and communication infrastructure in entire neighborhoods and large-scale complexes. The agency specializes in insurance guidance even when the scale requires approvals with reinsurers abroad. We insure diverse projects such as communication and internet line insurance, optical fiber deployment insurance, infrastructure insurance for establishing high-voltage lines, and more.
Telecommunications and Internet Infrastructure Insurance for Contractors
Internet communications in Israel are under 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.
Given the complexity and scope, telecommunications and internet infrastructure insurance for contractors must address a range of challenges. At the Itzik Simon Insurance Agency, we provide meticulous and professional solutions. We offer telecommunications infrastructure construction insurance for construction companies and quality solutions for optical fiber installation contractors. The agency assists its clients in meeting tender requirements and enjoying a comprehensive and quality contractor works insurance package. Electrical and communication infrastructures Insurance
Property insurance for contractors involved in electrical and communications infrastructure
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 Itzik 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.
Employers' liability insurance for contractors engaged 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.
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