Abstract: A thermally insulating construction element for use in a separating joint between load-absorbing parts of a building, in particular between an intermediate floor and a balcony slab, has an insulating body. The insulating body has mutually opposite longitudinal sides which extend in a longitudinal direction. The insulating body has compression shear bearings which are designed to take up horizontal forces and vertical forces. The compression shear bearings protrude through the insulating body in a transverse direction and project beyond the insulating body on both longitudinal sides of the insulating body. The compression shear bearings are spaced apart from one another with respect to the longitudinal direction of the insulating body. In order to allow good adaptation to forces to be taken up, the insulating body includes at least one compression bearing designed exclusively to take up horizontal forces and extends in the transverse direction of the insulating body.