Insurance for Construction, Development and Renovation of Electrical and Communication Infrastructure with over 35 years of experience.
Insurance for construction, development and renovation of electrical and communication infrastructure is contractors' work insurance for complex projects such as establishing high-voltage lines, establishing urban, industrial and transportation electrical lines, laying optical fibers, maintaining electrical and communication lines and more. The policy is an "All Risk" format policy and includes three chapters: property insurance, employers' liability insurance and third-party insurance.
The project may include establishing new infrastructure and/or renovating existing infrastructure as well as maintenance work on existing lines in the national, urban or rural space or various industrial complexes. In light of the risks and given the fact that these are projects where "every damage is major damage", it's important to be meticulous about every detail in insurance.
Itzhak Simon Agency has over 35 years of experience in arranging construction and development insurance. The insurance is tailored according to tender requirements and with the aim of providing holistic coverage for the day of operation. We closely accompany the client to identify "weak points" in the project and analyze the correct way to handle them. A building engineer (holding a licensed insurance agent license) who is part of the agency accompanies the policy arrangement from A to Z.
Water and sewage infrastructure insurance
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Water and Sewage Infrastructure Development Insurance – Important to Know
Water and sewage projects can be carried out in open and new areas (such as in the development of new neighborhoods) and/or in the heart of the bustling urban center for the purpose of renovating existing infrastructure while blocking traffic lanes, proximity to "living" and dense space and interfaces with third parties.
It is also known that these are high-risk projects in light of the possibility of working in an environment of toxic gases and flammable materials. In addition, heavy equipment, engineering equipment, dynamic fencing and the like are used. Often the project includes disconnecting existing water and sewage infrastructure, replacing lines in a new route, handling malfunctions and more.
At Itzhak Simon Insurance Agency, we are meticulous about every detail and specialize in arranging insurance for water and sewage infrastructure development that both enables meeting tender conditions and provides a comprehensive coverage solution for the day of operation. Including in large projects that require contracting or approaching reinsurers abroad.
Meeting tender conditions for insurance is not a trivial matter since these are projects involving many players with meticulous and stringent requirements. For example - water and sewage corporations, government companies, infrastructure owners, local authorities, government offices and more.
At Itzhak Simon Insurance Agency, we know how to provide worthy and quality insurance that corresponds with tender requirements and enables safe deployment to work.
Contractors' Work Insurance for Water and Sewage Infrastructure Projects
Contractors' work insurance for water and sewage infrastructure projects must take into account various, overlapping and parallel aspects. At Itzhak Simon Insurance Agency, we make available to you the experience of over three decades of top-tier professionals including a building engineer. This is for the purpose of tailoring a policy customized both to the contractor and to the specific project in question.
We offer dedicated contractors' work insurance for various projects such as excavations and laying sewage lines, preparing water infrastructure, drilling in the ground and similar activities.
Property insurance for contractors engaged in water and sewage infrastructure
Work to construct water and sewage infrastructure involves significant risks of property damage on site. This includes, for example, cases of fires resulting from hot work, excavation collapse due to poor lining, subsidence of bedrock, and the like.
Since the project involves the use of valuable equipment, it is important to ensure property insurance for water and sewage infrastructure contractors that meets uncompromising standards. At the Itzik Simon Insurance Agency, we offer our clients very comprehensive property insurance that provides a high-level insurance package.
Third-party insurance for contractors engaged in water and sewage infrastructure
Working on water and sewage infrastructure involves complex risks to third parties. The most prominent example (which is not the only one) is when it comes to renewing infrastructure in the heart of the urban space. That is, working in a dense, bustling, and high-risk area.
It is important to ensure that third-party insurance for contractors involved in water and sewage infrastructure is broad, comprehensive, and in adequate amounts. It is important to pay close attention to the full range of risks in the project towards third parties, including existing infrastructure, buildings, transportation routes, pedestrian paths, passersby, and more.
At the Itzik Simon Insurance Agency, we take all of these risks into account when we arrange for contractor work insurance for projects of this type.
Employers' liability insurance for contractors engaged in water and sewage infrastructure
Working on water and sewage infrastructure projects exposes workers to high risks in the construction industry, which is unfortunately characterized by a large number of serious and fatal accidents.
Among the most prominent risks are working in heat, working with toxic materials, working with flammable materials, working at height in projects that require excavation and backfilling, collapse of earth piles, and more.
At Itzik Simon Insurance Agency, we take great care in providing employers' liability insurance to contractors involved in water and sewage infrastructure to uncompromising standards. We emphasize both the risks and – just as importantly – the case law in Israel, where compensation amounts for personal injury are particularly high and the level of legal liability is extremely broad.
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