Itzick Simon Insurance Agency provides comprehensive and unique pension insurance solutions for construction and development companies, as a specialized agency with about 40 years of experience in construction insurance. With us, contractors and entrepreneurs can receive all their insurance needs under one roof, with rich experience and a single address: pension insurance, health and life insurance, and professional insurance such as contractor work insurance, professional liability, product liability, and more.
We offer comprehensive pension insurance solutions to companies in the construction industry and commit to helping formulate optimal pension insurance with personal and close service. From the most junior employees to senior staff and owners.
Every pension arrangement for a construction company is adapted to the law and collective agreements of the construction industry. This includes meeting the "stricter" conditions regarding mandatory pension, such as the obligation to deposit from the first day for every employee and/or higher deposit rates compared to "regular" pensions.
With us, you will have peace of mind. We thoroughly ensure that our clients meet their obligations and are not exposed to claims or complaints regarding pension and pension insurance matters (including correcting and addressing past errors). Every employee is also entitled to a meeting with our pension planner, where they are presented with a pension simulation from today until retirement.
Alongside the solution for employees, dedicated pension insurance is provided for the owners of the contracting/development company and their family members, as well as pension insurance for senior employees and their relatives. Itzik Simon Insurance Agency is the home for receiving holistic pension insurance solutions for contracting companies, pension insurance for entrepreneurs, pension insurance for architects and engineers, pension insurance for renovation contractors, and more.
Pension insurance for the construction and infrastructure industry from experts in service to contractors
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Why us?
Itzick Simon is the leading agency in construction and infrastructure insurance in Israel and relies on approximately 40 years of experience. We know the breadth and depth of the needs of entrepreneurial and contracting companies and adapt the pension solution to that end.
We provide you with many years of experience along with personal and professional service. Preferred terms (truly) and significant (and noticeable) savings in management fees. This is alongside a quick and efficient response based on expertise in pension arrangements for contracting companies. Including a dedicated system to handle employee needs.
The Itzik Simon Insurance Agency allows contractors and entrepreneurs to centralize all insurance in one place and simplify operational management by saving time and resources based on optimizing all information at one address.
Want more information? Our team of experts is here for you, we'd be happy to help.
What is included in the service
Our great advantage at Itzik Simon Insurance Agency is our dual familiarity - both with the pension insurance industry in all its layers and with the construction industry in all its complexities.
We specialize in finding the relevant balance points between these two paradigms in order to formulate unique pension insurance for contracting companies, development companies, architectural and building engineering offices, renovation contractors, and more. Including the transfer of pension funds from other sources. The service also includes a personal meeting with a licensed pension planning professional and close professional guidance. Full compliance with legal and regulatory requirements and optimal conditions for long-term savings.
Our agents specialize in building a personalized pension plan for each client (from the owners to the last employee) and in managing ongoing monitoring of pension portfolio performance.
Regular updates on regulatory changes and adjustments accordingly in the pension plan.
Pension insurance with a unique program for you.
We offer pension planning for contractors and entrepreneurs that combines optimal savings and insurance solutions, tailored to personal, family, business, and commercial needs. In other words, we see both the contractor as an employer and the contractor as a pension insured themselves.
Itzik Simon Insurance Agency, the agency for construction insurance, offers its clients preferred management fee tracks with significant accumulation of pension rights.
Our clients enjoy a system of competitive rates within a dedicated collective developed by our agency for the Contractors Association. A solution that includes both comprehensive pension arrangements and complementary life and health insurance products.
Pension, retirement benefits, disability, and death.
Pension insurance for construction companies at Itzik Simon Agency emphasizes advanced pension solutions and optimized pension plans. This includes addressing the critical components of disability and death in the pension arrangement, in accordance with the unfortunately high rate of casualties in the construction industry.
Our clients receive an "insurance umbrella" that greatly improves their insurance protection.
Just one example among many: while in "regular" pension funds, in order to receive disability pension in a state of work incapacity, one must prove a full nursing condition (at least 75%) and pass a medical committee - conditions that pose many obstacles - with us, coverage is provided from as little as 25% incapacity, without the need for a pension fund committee.
Are you confused, do you need more information? We are here for you – contact us now
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Pension fund and disability plan for renovation contractors
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Pension fund and disability plan for renovation contractors
Mar 31, 2023
Independent renovation contractors, like many business owners, are unfortunately unaware of all the important nuances related to pension and other insurance.
Experience shows that many of them do not make regular retirement contributions at all, even though this is a legal obligation (as we will expand on immediately), and even when they retire "and fulfill their obligation," they do so on the basis of a salary that is dramatically lower than their real income.
