Public Liability Policies More Affordable Than Ever

PR Log (Press Release) – Apr 11, 2008 – Construction liability insurance is the fastest growing sector of the Irish public liability insurance sector, according to recent surveys of Ireland’s construction industry.

The main reason for the growing demand is that the vast majority of construction sites will not allow sub contractors to work without proper safety equipment, safe passes & adequate insurance, leading construction insurance broker Keystone Insurance explains. Construction insurance has never before been considered such an essential requirement for the construction sector.

Another factor that has contributed to this high demand is the dramatic growth of the Irish building sector over the last 15 years. The Irish construction industry employs 282, 000 people and even though growth rates have slowed in recent months the sector still accounts for around a quarter of Ireland’s economic activity and around 15% of the country’s GDP.

Another important factor is that the Irish society has become a very litigious one – the accessibility of courts, the high levels of compensations over the last few years, and the tendency to file legal claims for each problem to a third party have cost companies millions of pounds in compensation.

Last, but not least, construction insurance premiums have never been more affordable – high demand and fierce competitions have driven better market performance and competitive pricing.

Getting first-time construction insurance at Keystone has been made as easy as possible. Quotes are arranged within a few hours and cover can be arranged over the phone. Direct debits are available on all our policies over ten equal installments.

Another common service that customers seek is insurance renewal. Often clients hold insurance with the same broker or insurer for many years without checking the market to ensure that they are getting the best possible cover for their money. As Keystone holds agencies with all the major construction insurance providers in Ireland, clients are provided with the exact service they need.

Keystone Insurance is a very professional and highly experienced insurance broker for the Irish construction industry. It quickly arranges public liability insurance, employers’ liability, personal accident, plant and machinery, and contract bonds.

The firm also offers Public Liability Insurance excellent schemes for all construction occupations including traditional high risk occupations such as roofers, curtain wallers & scaffolders.