As an insurance agency specializing in construction insurance for decades, we responded to a demand that arose from time to time from the field, and opened a department for marketing premium insurance to construction companies, developers, contractors, engineers, and architects. Here we serve both the iron worker and junior general worker as well as senior managers, company owners, and their family members. The department offers health insurance, life insurance, pension insurance, and solutions for employing foreign workers.
Why us? Thanks to our long-standing acquaintance with insurance companies, we have developed a kind of "collective" that allows us to offer contractors, developers, engineers, and architects to enjoy for the first time the "size advantage" and terms like those in the largest consumer clubs in the country. In short - much more coverage at super-worthwhile costs.
Alongside this, the department specializes in foreign worker insurance. Both medical insurance for the foreign workers themselves and customizing liability insurance for manpower corporations including employer's liability and third-party liability insurance, including obtaining insurance confirmation for licensing with regulatory authorities.
Premium insurance that is specifically tailored to the construction industry and those involved in it
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Why should you use us for premium insurance?
Itzick Simon Insurance Agency, the leading agency for construction insurance for decades, knows how to connect premium insurance solutions (pension, life, and health) with the (real) needs of those working in the construction industry. A high-risk industry requiring clarification of needs and "insurance attention" to every detail.
We are well aware that industry professionals often serve as the "economic support" in their families and that it is especially important to protect them with quality health, life, and pension insurance, which can literally save families for generations to come.
For example: coverage in adequate amounts, precise definitions of eligibility for the policy (such as the definition of occupation qualifying for loss of work capacity), response to family members when needed, expansion of the standard policy in the field of health insurance, optimal cost conditions due to our "size advantage," and more.
We have created a unique "collective" for contractors, engineers, developers, architects, etc., so that for the first time, those working in the construction industry can also receive the good terms like the large consumer clubs in the economy.
Pension insurance
We market pension plans for the construction industry, designed for contracting companies, development companies, engineering companies, architectural firms, etc., both for junior employees and employers.
We offer a beneficial pension arrangement with a unique management fee track and within the framework of significant savings and accumulation of rights in the long term.
We will ensure that you receive the most close and professional pension support, including in terms of switching between different products and insurance companies, according to your needs and the goals you have defined.
If you are talking about pension insurance for your employees, know that we specialize in providing insurance that is tailored to the requirements of the law and collective agreements of the construction industry. Including - for example - deposits starting from the first day for each employee and high deposit rates beyond the normal pension requirements.
Everyone is entitled to a personal meeting with a certified pension planner who provides professional and personal guidance. We provide a comprehensive insurance solution that improves your level of protection, while also addressing additional coverage such as protection in the event of loss of work capacity or, God forbid, death.
Life insurance
Dedicated life insurance for the construction industry – this is our specialty. The Itzik Simon Insurance Agency provides you with high-quality and comprehensive insurance coverage, offering maximum protection for the insured, his family and anyone who is financially dependent on him.
This is a critical safety net, especially in the construction industry, where employees and the self-employed are the economic foundation of their families, and only tailored life insurance can provide a real solution when needed.
The service is intended for all employees in the industry, from the average worker to the owners of companies. We offer insurance coverage that includes the three main products in the field: loss of work capacity, life insurance in the event of death (risk), and disability insurance as a result of an accident. In addition, we specialize in mortgage life insurance, on attractive and more affordable terms than those offered by banks and/or other institutions.
Health insurance
We offer comprehensive, high-quality and complete health insurance that provides the insured and their family with real protection according to need. The premium department at the Itzick Simon Insurance Agency specializes in issuing health insurance far beyond the standard policy and with a variety of additional coverages such as private surgeries without Shaban involvement, outpatient coverage, premium medications, complementary medicine and more.
At the Itzik Simon Insurance Agency, you will find health insurance that also includes critical illness insurance and personal accident insurance. All in precise alignment with the needs and nature of construction industry workers. Including preventing duplicate insurance and maximizing coverage with attractive costs.
Foreign worker insurance
The construction industry has undergone a revolution in recent years, centered on the expansion of construction site activity based on foreign workers, instead of Palestinian workers, due to security circumstances.
As a result, contractors and entrepreneurs are seeking high-quality, comprehensive solutions for foreign worker insurance, from consulting and guidance services to, of course, actual policies.
Similarly, many construction companies operate independently to bring foreign workers to Israel and need insurance solutions for this purpose. Both foreign worker insurance for the employees themselves and commercial insurance for the corporation for coverage in terms of employers' liability, third party and insurance approval for licensing. All of these solutions (and more) are available to you at the Itzik Simon Insurance Agency, the leading agency in Israel for construction insurance.
Financial leverage insurance
When an entrepreneur, contractor, or controlling owner of an entrepreneurial company brings in a financial investor, takes out a loan or financial support for the purpose of investing in projects, it is important that he has insurance that will protect him (and even more so his family members and those around him) in the event of death or a medical condition.
The bank, which frequently relies on private assets as collateral – such as apartments, plots of land, liquid funds and vehicles – may demand the realization of the guarantees to cover the loan.
Financial leverage insurance protects the insured and their family and provides a safety net. It is a critical insurance product in the construction and real estate businesses, where there is high financial leverage. Financial leverage insurance can, for example, prevent assets from being foreclosed or transferred to a receiver, ensuring that the business or family is not financially harmed.
At the Itzick Simon Insurance Agency, the leader in Israel in the field of construction insurance for over 37 years, we offer solutions at the highest level of financial leverage insurance.
Overseas travel insurance
Overseas travel insurance for those working in the construction industry at the Itzick Simon Insurance Agency provides you with comprehensive insurance coverage for a variety of situations that may arise during a stay outside the country.
The policy includes - among other things - coverage for expensive medical treatments, property insurance in the event of lost luggage, reimbursement of expenses for an unexpected stay, medical flight to Israel, coverage for flight cancellation or postponement, purchase of medication, rescue and recovery services, and more.
The Itzik Simon Insurance Agency, the leader in the field of construction insurance, offers a unique solution for overseas travel insurance for contractors, entrepreneurs, engineers and their employees. Insurance that is tailored to business trips such as conferences, training courses and exhibitions, or for private vacations, with a professional package and personal service for every need.
