The information we have compiled for you so far is part of a long-term process of establishing a professional information center for our clients. This is with the aim of producing up-to-date and relevant content in a wide range of areas related to the world of construction from an insurance perspective, with touches on the following areas:
Enter the various sections.
In the popular "Murphy's Laws" section, you will be exposed to cases that really happened and you can learn from the mistakes of others, and in the "Questions and Answers" section, you will find answers to authentic inquiries that have reached our office (and they come in huge volumes, as we only publish the best). In the "Current Updates" section, you will receive, well, current updates, and in the "Difficulties Faced by Contractors/Entrepreneurs" category, you will find solutions to more and less common challenges.
The content before you was written by the best experts at the Itzik Simon Insurance Agency, the leading agency in Israel for construction insurance for about 37 years.
A professional insurance database for our clients in the construction industry
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The lack of professional information is one of the causes of 'insurance troubles' for contractors.
It turns out that many people in the construction world – developers, contractors, subcontractors, and even key people in large construction companies – are completely unaware of the vital need to stay up-to-date with professional information (from an insurance perspective, of course), and thus often find themselves in insurance complications, indebted to heavy expenses, not to mention even greater troubles.
Did you know that in many changing situations, a contractor/entrepreneur/client is sometimes personally responsible for workers who are not his own employees at all?
Did you know that the solution to understanding (and perhaps even preventing) these situations requires no more than one minute of your time?
Do you know what the special safety issues are for urban renewal projects such as TAMA 38?
What are the dates according to the law when safety training must be provided, of what type and to which employees?
Have you heard of the Supreme Court ruling that effectively canceled the insurance company's exclusion in the "removal or weakening of a support" clause that was included in a contractor's work insurance policy?
These examples (and many more) have an important thing in common – they all have a direct impact on insurance coverage and compliance with the policy provisions.
The policy often explicitly states that failure to comply with safety regulations or specifically stated safety requirements constitutes a condition or "risk mitigation measures" that the insured must take, which sometimes eliminates the basis for insurance coverage.
Lack of professional information constitutes an additional obstacle to what has been said so far. When a contractor does not know that he is violating a regulation, instruction, or acting in good faith and not in accordance with the provisions of the law and regulations - he is not even aware of the need and possibility to anticipate and consult before acting and to examine whether he is acting correctly.
And so in many cases we are required to "rescue" a contractor or developer from a predicament that could have been prevented in the first place, and there were certain cases where what had been done could no longer be undone.
Court rulings in construction insurance
Did you know that the Supreme Court reversed the district court's decision in favor of the contractor insured under a contractors' insurance policy? One of the most up-to-date sources of professional information, which often proves to be most useful in the field of insurance conduct, are court rulings.
To this end, we have opened a section on the legal case law in construction insurance on this site, headed by none other than Attorney John Geva, the legendary legal advisor to the Israel Insurance Agents Association, and assisted by his partner, Attorney Shlomi Hadar - both of whom are considered authorities in the fields of insurance law. This section will gradually accumulate a particularly important volume of information, and we warmly recommend that you return and visit here from time to time...
Confirmation of insurance - your "winning ticket" in the auction
Did you know that a certificate of insurance is not just a document of principle, but actually a 'substitute' for a policy, and the agreement therein even overrides the policy? Almost everyone who takes part in a construction project - a developer or an execution contractor or a contractual contractor - is required to present a certificate of insurance. These can be Ministry of Housing tenders, other state tenders, projects in the public institutional sector, and even in the private sector. Not only the person ordering the work, but also the party providing financial support wants to make sure that the execution contractor or the developer in whose hands the project will be entrusted will be properly insured and covered by an insurance policy for the execution contractor, insurance for the contractual contractor, insurance for the developer, or any other required insurance policy...
Information about extended personal liability
Did you know that extending insurance to personal liability is not necessarily automatically included in contractor work insurance or professional liability insurance? To benefit from the broadest coverage, you should ensure that personal liability is extended to your insurance policies. In fact, almost everyone involved in the construction project – from the management team (CEO, VP of Operations, VP of Engineering, etc.), from the business team (developer, work orderer, directors, shareholders, various company officers, etc.) and from the executive team (work manager, project manager, executive contractor, building contractor who insures contractor work, etc.) – can all be exposed to a personal liability claim...
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