Mr. Padraig Cribben:

We do not see major problems in that area. One of the things we have noticed is that a number of insurance companies write into their small print that if one does not notify them as soon as one is aware of any potential incident, they will not cover the claim. Who reads the small print in an insurance policy document? This was a bigger problem with some of the people who were in the business than those who are currently in the business. This matter has to be managed quite carefully. I know of a case from some time ago in which there was an incident that did not seem to be anything more than an incident. It was not reported but it turned into something very big. The pub was not covered. The insurance company refused cover for what turned out to be a six-figure sum. Obviously, this meant it was curtains for the business.

Flood insurance apart, the property insurance side is not necessarily a big problem. Mr. Jerry O'Dea has some anecdotal evidence to give.