Statistics showing that there are around 6,000 injuries and 50 deaths every year at construction sites around Israel emphasises the importance of obtaining adequate Employers Liability cover under Contractors All Risks policies.
We invest significant efforts in obtaining the broadest insurance cover at the lowest possible price for the client.
The daunting statistics are evidence of the fact that there are numerous hazards and unforeseen scenarios at construction sites.
It is therefore no surprise that insurance companies attempt to minimise the risks they are exposed to by imposing stringent protection requirements and preconditions to the insurance cover asides restricted insurance cover and onerous premiums.
We shall now address our unique methods of obtaining policies with minimum demands, exclusions and reduced costs, together with a brief explanation of Employers Liability insurance cover.
What is Employers Liability Insurance?
(Section C of the Contractors All Risks policy)
The definition of the insured event: Bodily injury, mental injury or death to any employee of the insured, as a result of an accident which occurs during and due to their work in the project insured, as well as due to any illness or disease occurring during and due to their work. The insurance cover (according to the extended definition in the BIT policy wording) provides cover for liability in accordance with:
The Torts Ordinance (New Version)
The Defective Products Act - 1980
The insurance is designed to cover claims by employees against the employer for compensation due to injury, over and above the benefits they are entitled to receive from the National Insurance Institute, including compensation for pain and suffering, increased mobility costs, loss of income etc. – according to a court judgement or settlement.