Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The Minister of State is correct in identifying the hospitality sector and businesses in the services sector generally, such as pubs, hotels, nightclubs and anywhere there is public footfall, as being where the issue is most acute, given the uncertainty and inconsistency around the level of awards. The matter has to be dealt with.

The quality of cover is diminishing and the issue of excess is becoming more significant. In one case, the excess is €10,000 for each claim in respect of employer and public liability. Brokers are keeping the show on the road, and many are going to extraordinary lengths to represent their clients and get the best deal they possibly can from insurance companies. In many cases, they are struggling to get any quote. By all means, the Minister of State should engage with them because they have many stories to tell him.

God help any business with an open or outstanding claim which is trying to get a renewal of an existing insurance policy. I will work with the Minister of State on this issue in the spirit of co-operation. It is a significant economic issue which is contributing to the cost base of many businesses. As I said, jobs are on the line. The market is dysfunctional and has to be dealt with.

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