Oireachtas Joint and Select Committees
Wednesday, 15 December 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Insurance Issues: Engagement with Insurance Companies
Mr. Aidan Connaughton:
As I am sure the Deputy will appreciate, I cannot talk about individual cases. I can say that we have property and commercial policies that typically provide business interruption cover where the business interruption results from physical damage to property. That is the basis on which our property and commercial policies are priced. Certain of those wordings will also provide further extensions for business interruption losses where there is an occurrence of disease on the insurance premises - not the wider outbreak - and where that outbreak of disease on the premises leads to the entity being closed either by Government or because of the disease outbreak itself. I hope the Deputy can appreciate that I cannot answer the question in respect of a particular client.