Construction insurance has been rapidly increasing over the recent years and it has now become an absolute must in Ireland for both local companies and international contractors operating in the country. The main factors which motivate this popularity are the growing number of legal claims against construction contractors, the expanding range of covered risks, as well as the companies’ realizing that an insurance cover is much better than millions of nerves and pounds wasted in a legal suit.

While only several years ago Ireland was not a litigious country, this has started to change. Keystone Insurance, a leading insurance broker for Ireland’ construction industry, reports a dramatic increase of litigation in the sector. Construction defect claims have spread to all parts of the country, and have become easily accessible to practically anyone. Given this accessibility and the growing number of claims, most construction companies now prefer to play is safe and have insurance.

Insurance covers have likewise developed over time and can now be extended to practically all risks that can emerge on a construction site. As Keystone specialists point out, first time construction insurance quotes are arranged over a few hours, and the cover can be agreed over the phone. Companies can pay insurance policies in over ten equal installments.

As the need for construction insurance grows, insurers begin to offer new features and services, and accordingly customers become more and more demanding. It is often the case that Keystone clients have held construction 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. That is why Keystone Insurance offers a specialist service to contractors who wish to have their insurance needs fully met. The insurance team explores alternative insurers to ensure that customers eventually get what they need.

Keystone Insurance is a nationwide and independent insurance brokerage house offering specialist construction insurance solutions to the Irish construction industry. It arranges quotes for public liability and employer’s liability insurance, contractors all risks, personal accident, plant and machinery, contract bonds. The company also offers schemes for construction occupation, including traditional high risk occupations such as roofers, curtain wallers and scaffolders.