Released on: January 21, 2008, 7:05 am

Press Release Author: Anthony Woods

Industry: Financial

Press Release Summary: Irish insurance broker Keystone reports a rapid growth in the
demand for Construction Insurance

Press Release Body: Keystone Insurance, a leading construction insurance broker for
Ireland's construction industry, has recently reported a rapid growth in the demand
for construction insurance from Irish construction contractors.

The construction industry has grown acutely aware of the need to have reliable
insurance, Keystone experts explain. Even though construction insurance is not
compulsory by Irish law, few businesses can now afford to take the risk and cover
great legal and compensation expenses. The Irish society is rapidly becoming a
predominantly litigious one, and the number of law suits and compensations awarded
has been steadily growing.

The main types of builders insurance are public and employers liability, contractors
all risks, personal accident, plant and machinery, and contract bonds. The most
popular and sought-after among these is Public and Employers liability insurance. It
is now essential for construction contractors to cover risks to third parties and
employees. Although the 'claims culture' in Ireland is not as rampant as in the USA
or the UK, more and more people now choose to blame and sue someone else, in this
case the constructor. In recent years, public liability insurance costs have reduced
to levels not previously seen before. Keystone Insurance reports a growing number of
clients contacting the firm to get quotes or choose a new insurance provider.

Another popular type of builders insurance is Contractors All Risks. This is an
insurance policy specially designed for builders and developers, which can also be
made available to certain occupations such as plant hire contractors. Contractors
All Risks insurance can include cover for contract works, own plants, hired in-plant
and employee's tools.

Keystone Insurance is a leading insurance broker for the Irish construction
insurance. From its headquarters in Dundalk Co Louth, the company services a large
client base from all over the country. Besides builders insurance, Keystone offers
schemes for all construction occupations, including traditional high risk
occupations such as roofers, curtain wallers and scaffolders.


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

Contact Details: Keystone Insurance
59 Park Street
Dundalk
Co Louth
Phone: 042-9393993
Fax: 042-9395133
E-mail: info@keystone.ie