Essential information that should not be missed
Unfortunately, construction site accidents is a topic in which the construction industry shows "excellence" for the worse:
More than 50% of fatal workplace accidents in Israel occur at construction sites
Every year thousands of workers in the construction industry are injured, dozens of them fatally
On average, we're talking about approximately 10 casualties per day!
And thus the construction industry earns the dubious title: the most dangerous occupation among industrial sectors
Don't wait for an accident at a construction site - get construction site accident insurance immediately!
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Below are particularly important contents - a collection of 'do' and 'don't' recommendations that are especially important to know:
Construction site accidents
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So why isn't anything being done about accidents at construction sites?
It seems they are doing something, but not enough. And this refers not only to the role of government offices in their attempts to fix regulations or enforce them to reduce the number of casualties and fatalities in the construction industry, but to everyone involved in the industry.
True - there are not enough inspectors and those who try to bring order don't have enough "teeth," but at the same time, too many of those involved in the industry - workers and managers alike - do not properly implement safety regulations and standards, do not arrange safety training for workers regularly, and do not insist on maintaining and implementing safety requirements and instructions regarding accidents at construction sites. This content is not intended to seek blame or, heaven forbid, to cast aspersion on anyone. The opposite is true. The purpose of this article is to present to you the complete picture of construction site accidents from our perspective, the meaning of the data and their direct impact on you, and subsequently - the tools at your disposal to reduce damages both in the practical aspect at the construction site and in the insurance aspect within the framework of contractor work insurance policies and professional liability insurance that provide protection in case of an insurance event.
Below are some financial data that will complete the picture of construction site accidents and their cost for you!
These construction site accident statistics have enormous financial implications, some of which directly affect you:
Since insurance companies pay hundreds of millions of shekels annually for bodily injury and property damage resulting from construction site accidents, and since they also know all the data and characteristics of the construction industry, they translate the financial implications of the compensation costs they must pay by making the policy more expensive or shortening the scope of insurance coverage they provide you.
Insurance companies know that the situation in the construction industry will not change soon due to the lack of adequate standards for enforcement and supervision to prevent construction accidents. This is the reason insurance companies show excessive caution when issuing contractor work insurance or professional liability insurance or any other construction insurance policy to you.
We emphasize again that caution means:
Additional financial expense not priced into project costs
Short insurance coverage and taking risks upon yourself. And here you have an additional and significant burden on your cash flow, budget, and peace of mind.
Optimal Insurance Coverage
In order to enjoy optimal insurance coverage for construction site accidents, you need an insurance agency whose specialty is in the construction industry. Purchasing a standard policy or leaving the handling of such complex insurance in the hands of a professional who is not skilled would be a costly mistake. As mentioned, no two projects are alike; each project, venture, or construction work has different specifications, uses different equipment, operates in different environments (TMA 38 embedded in the city center versus a construction complex in an industrial area)... and consequently has different risks, different protection requirements, and a need for different emphases in insurance coverage.
In such a complex ensemble of work, it is essential, of course, to choose a skilled, professional, and experienced professional who masters the construction industry and the intricacies of complex insurance policies.
We advise you to turn to an agency that "thinks big" and provides you with, among other comprehensive services:
Tips regarding types of safety training to give workers (and residents in TMA 38 type projects).
Tips and information regarding implementation of standards and regulations regarding construction site safety according to legislative requirements.
Creative solutions for building insurance policies that pave the way for you to maximum coverage in construction site accidents while making information accessible in a professional and accurate manner aimed at reducing the insurance company's concerns about unnecessary risks - and at a fair cost.
It is recommended to read about contractors insurance and about the contractor work insurance that our company offers to its clients.
