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:
It is creating high costs and, ultimately, society is losing. People are entitled to be compensated for their loss, and we do that with property and material damage. It is when we get into soft tissue and the smaller end of injuries that the level of payouts that we are giving and what we say is acceptable compensation for that level of pain is too high.
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