Released on: April 11, 2008, 6:05 am

Press Release Author: Anthony Woods

Industry: Financial

Press Release Summary: The Irish insurance sector is now able to better meet
business needs

Press Release Body: The cost of public liability insurance in Ireland is at its
lowest in almost ten years, according to a recent survey conducted upon the request
of Keystone Insurance brokerage. Policies are now more affordable than ever, the
survey shows, and also include exclusive options and flexibility that have never
been available before.

Less than 5 years ago, the construction sector faced serious problems regarding
public liability insurance, as supply was limited and the price of insurance
premiums was incredibly high due in part to the increasing cost of reinsurance.
Also, many insurers were generally not comfortable with the construction public
liability sector due to the potential claims exposure & the difficulty of assessing
risk and estimating future claims costs.

The main reasons that this has changed is there has been an increased number of
construction firms established in recent years which has increased demand while
concurrently more insurers have entered the market at a time when reinsurance has
fallen thus driving down the cost of insurance.
Increased safety awareness & safety regulations have also resulted in a safer
working environment on the nations construction sites.
As a result of these factors competition has grown, prices have been reduced and
more comprehensive cover is available - all of which is good news for construction
firms.

Public liability insurance is arranged by company owners and operators of various
activities, to protect them against the risk of injury or loss suffered by a third
party or a third party's property. For construction firms the main aspect of Public
liability insurance is the fact that it covers workplace accidents and damage to
third party property.

Keystone Insurance itself reports a growing number of businesses which prefer to use
its services to arrange policies. The company 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.


Web Site: http://www.keystone.ie

Contact Details: http://www.keystone.ie