Oireachtas Joint and Select Committees

Thursday, 4 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Insurance Costs for Small and Medium Businesses: Discussion

Mr. Jackie McMahon:

I have much sympathy for the marts and that perspective on liability. The difficulty is the Senator's or my interpretation of liability, what constitutes an injury and what the courts will ultimately declare as liability and injury could be worlds apart. To balance that, we have seen some horrific accidents within marts. We are working hard with mart owners to address this matter but, fundamentally, as patrons are in gantries with animals, there is much potential for them to be caught in gantries. We have seen many examples where that is the case. I certainly would like to leave the Senator in no doubt that we will pay where we think it is right at what we believe to be market rate, although the market rate is way too high. If we are not happy it is right and we have a strong case, we will absolutely fight that case. I would not like the Senator to have any doubt about that. I speak for FBD and we will fight the cases.

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