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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I thank Ms Murray. I am aware of another example in Cork where the quote provided for the next 12 months is €32,000. It is a play centre with which the witness is probably familiar. That figure is double last year's premium and more than six times the 2017 premium. That is the level of growth. The excess provision in the policy has gone from €1,000 in 2017 to €7,500 for each claim in the current proposed renewal.
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