Only smart policy planning gives you maximum insurance coverage.
The variety of scenarios requiring third-party liability insurance is among the most surprising. And in everyday language - you never know where it will come from? Just an asymmetrical step, a maintenance defect, a fire spreading from your property to your neighbors' properties, or a water pipe that bursts precisely during the weekend and floods the floors below. And countless other cases to be exposed to claims and heavy payments for damages.
The only way to minimize these 'insurance dangers' to a minimum is through in-depth risk analysis and smart, meticulous policy planning.
These two work tools, analysis and planning, are the basis in all income-producing real estate and holdings insurance policies such as property damage insurance and employer's liability insurance, and especially - in third-party liability insurance.
Smart and meticulous planning takes into account all your properties, addresses, and assets, and works to achieve broad coverage for all activities in all properties. With us, you also get exclusive advantages that contribute to achieving the result:
maximum insurance coverage at minimum price.
Third party insurance
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These are the exclusive advantages that have brought us to the status of the leading construction insurance agency.
Let's start with the first advantage, which is also the basis for everything else: Experience!!! Experience!!! Experience!!!
Malfunctions, damages and claims are characteristics of the construction and real estate holdings industry.
To know what to protect yourself against, you need to accumulate a lot of mileage in insuring these projects. And by mileage, I don't mean 35 years of sitting in an office and issuing policies, but rather hours, days, and months of 'standing on scaffolding' and 'cement on your shoes.'
Yes, only someone who is in the field can perform a quality risk analysis, understand the dangers that characterize each stage of the construction process, what the meaning of each insurance requirement or extension is... and, ultimately, how to plan an insurance policy and how to implement it in practice.
The fruits of extensive experience, professionalism, and deep understanding of the two intertwined fields, the construction industry and the insurance industry, are harvested by our clients:
✔ Building a business insurance package. We have the knowledge and ability to build a comprehensive insurance package for all the assets and property you own: offices and their contents, sales offices and their contents, signs everywhere in the country, real estate holdings, industrial and commercial buildings rented to others, additional businesses you operate, and so on. With a cluster of remarkably precise policies, we will know how to provide you with optimal coverage - at a minimal price.
✔ Willingness to insure. Against the backdrop of the high level of risk that characterizes the construction industry and real estate holdings, it's clear why insurance company underwriters don't rush to issue policies. Still, when we build a policy, underwriters show extra willingness to 'open the door' since they too have come to recognize over the years our professionalism, integrity, and reliability.
✔ Insurance coverage. There are third-party liability insurance policies - and then there are our policies, which always contain: more insurance specifications, more extensions, much more comfortable terms, and no less importantly, minimum requirements and exclusions from the insurance company.
✔ Reduced cost. The words "the leading insurance agency in the construction industry" are translated into actions: a leading agency buys policies from insurance companies in large volumes and therefore also receives much more attractive prices. Especially when checking the cost against the broad insurance coverage.
✔ Close accompaniment. Broad insurance coverage is wonderful, reduced cost is excellent, but it doesn't end there. We continue to accompany you, available to provide insurance advice, professional insurance guidance, and during a severe insurance event - we establish a team of experts: insurance assessors, surveyors, engineers, and if necessary, also experienced accident investigators - all to bring the insurance company to fulfill its commitment as arising from the policy.
Income-producing real estate insurance and holdings
One of the most prominent characteristics of income-producing real estate and holdings insurance is the multitude of businesses and industries in which the policyholder engages, and as a result, the multitude of agencies that each handle a different policy: This is a sure recipe for high policy costs, duplication and/or partial insurance coverage, and quite a few headaches such as: controlling different renewal dates throughout the year and, most importantly, different insurance strategies...
Product liability insurance based on smart policy planning
Product liability insurance is intended for consequential damages, that is, damages that will be caused as a result of a defect in the product (the structure) or one of its parts, after the project has been delivered and its use has begun . Seems far-fetched? The kind of trouble that can be dealt with when it arises? Well – absolutely not!!! While contractors' insurance policies, developer insurance, contractor work insurance and professional liability insurance are usually intended for the period of time that the project is in progress, here we are talking about protection...
Land tenure insurance - before construction begins and in general
If the construction project has not yet begun, why is it so important to have land maintenance insurance? There is no equipment and raw materials, no contractors and workers on site... so what is left to insure? Your liability to a third party as the owner of the land or the holder of it for future construction!
A fire that has caught the dry grass on your plot and spread to nearby areas is enough to expose you to a compensation claim. Your land? Your responsibility!
