Released on: December 14, 2007, 4:57 am

Press Release Author: Anthony Woods

Industry: Construction

Press Release Summary: The rise in public liability insurance is motivated by
changed litigation habits and affordability, Keystone explains.

Press Release Body: Keystone Insurance, Irelands leading construction insurance
specialists have reported an increase in the demand for public liability insurance
over the last 12 months. Keystone point out that public liability insurance is
becoming increasingly important to Irish contractors as more and more primary
contractors are insisting that all subcontractors have their own insurance before
they can commence work on site. Construction companies now consider it essential to
hold one in order to protect their business against the public suing them for
negligence.

Keystone Insurance deals with over 15 construction insurers to ensure that it
provides customers with appropriate premiums and the most comprehensive covers
available.

Although litigation is not a constituent part of Irish society the way it is in the
USA, Keystone's experts say that instead of accepting that loss or damage can happen
by accident, more and more people are now encouraged to blame and sue someone else.
The ease of access to courts and the perception that judges will award compensation
in virtually every case has resulted in the growth of public liability claims in the
last decade.

Moreover, public liability premiums have reduced significantly over the last five
years, Keystone points out. They vary depending on business activities, the level of
cover which is required, the company's turnover and number of employees.

Public liability insurance is an insurance policy designed to cover a business in
the event of its causing bodily injury or death to a member of the public or damage
to third parties' property. While it is not compulsory under Irish law to have
public liability insurance, without it businesses would be liable to pay for the
compensation awarded against them which can run into hundreds of thousand of Euro.

Keystone Insurance (keystone.ie) is a nationwide and independent brokerage house
offering specialist insurance solutions to the Irish construction industry. The
company is seated in Dundalk Co Louth but provides services to customers all over
the country. The company's most sought-after services are the public liability
insurance, employers liability insurance, contractors all risks, and contract bonds.




Web Site: http://keystone.ie

Contact Details: Keystone insurance