It is important to understand that without a "cannon" agent, there is no insurance and no tender.
This is the biggest problem with insuring contractors. This is mainly the case in the public institutional market, where
This is exactly why you need a professional agent here.
Signing insurance certificates
Have you been notified that you won the tender? Good morning.
But now, you must provide a signature on the insurance company's insurance certificate, in the form and under the conditions that appear in the certificate that was originally attached to the tender terms.
This is a complex and complicated task, both in terms of the short timelines and in terms of the preparation required to properly plan the insurance coverage in relation to the project risks, and this has nothing to do with the client's insurance requirements, which are not necessarily complete for you.
Insurance for contractual contractors. Here, without a "cannon" agent, there is no insurance and no tender.
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Our slogan: "The leading insurance agency in the construction industry" - is not just a slogan!
Our position in this market was created after long mileage in the field of insuring construction companies and many years of joint work with insurance companies in formulating contractor works insurance policies, professional liability insurance, product liability insurance, as well as developer insurance or contractor insurance. All these allow us to create for you a contractual contractor insurance policy while dealing with tender requirements, shortening processes and no less importantly - at competitive prices, here's how:
✔ Shortening timelines – We are committed to providing you with the required certificates with significant shortcuts so you can provide the tender client with a contractual contractor insurance policy that meets their requirements. When we meet, we would be happy to show you how things are done.
✔ Cost – We can bring significant cost reduction in insurance for contractual contractors, as well as in contractor insurance, professional liability insurance, or product liability insurance.
✔ Creative solutions – Every contract and tender has its own unique requirements. Add to this the fact that a contractual contractor insurance policy is built retroactively based on your commitment to present a certificate of insurance, under conditions that the client demands, and you have a situation where a creative agent is required in the solutions they formulate and whose word carries weight with the insurance company, and who can bring you a signed certificate of insurance as required by the client and/or satisfy the client.
✔ We protect you – Issuing the policy is just the beginning. In the event of an insurance incident (God forbid) we are with you, making sure you exercise your rights according to the policy terms. For this purpose, in serious accidents or complex insurance events, we activate the agency's team of experts: specialized insurance adjusters, engineers, and if necessary, experienced accident investigators and lawyers for defense during investigation of a serious accident.
For us, insurance coverage is not just about issuing a policy, we also make sure that every clause in it is fulfilled - to maximize your rights.
Professional liability insurance that protects you from negligence or error
The insurance coverage in the professional liability policy for contractors is problematic and partial. If it were truly possible to purchase full coverage, then a long list of performance risks could be insured - which is not the case. The policy provides coverage for the insured's profession as a contractor, but in most cases there is a 'repeat work' exception, an exception that excludes a significant portion of possible claims from coverage.
However, in most tenders, both public and private, the contracting authorities require professional liability insurance as a prerequisite for contracting...
Product liability insurance for a contractor
Product liability insurance covers you against damages resulting from a defect in the product (structure) or one of its parts, after the project is delivered and its use begins.
The Sale of Apartments Law imposes liability on the seller (the developer or contractor) depending on the type of defect as specified in the law for up to 10 years. However, the liability for construction, for example, was unlimited in time until about two years ago, and two years ago it was limited to 20 years.
Some people tend to take the vital need for this policy lightly, each for their own reasons. This is a big risk that I would not....
Building preservation and restoration insurance
Insurance for building preservation and restoration projects can be a challenge for experienced professionals. The risks inherent in this type of project are difficult to predict, as it involves performing work on a structure that is, in most cases, dilapidated and very old. It is not always possible to obtain the original plans of the structure, and often various exploratory works are carried out to determine the structure's condition and to examine what and how can be done without the structure collapsing and causing damage to both its owners and its surroundings. Obtaining coverage here involves great difficulty due to the risks involved in the project and the need to comply with the provisions of the Building Preservation and Restoration Law. Sound discouraging? It's time for us to meet!
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