Keystone Insurance Reports an Increase in Public Liability Insurance
Summary
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.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.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.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.