Wednesday, 13 March 2019
Business Insurance: Motion [Private Members]
Margaret Murphy O'Mahony (Cork South West, Fianna Fail)
I, too, commend my colleague Deputy Michael McGrath on introducing this motion. We in Fianna Fáil do not just talk the talk; we actually walk the walk. This motion is to highlight the unsustainable increases in the cost of business insurance. The Ministers of State must remember all the businesses create employment and thus help local economies. The insurance cost of West Cork Secret, which is in Kilbritten in west Cork, has risen from €7,500 to €25,000 this year despite the company having no claims. This cannot be justified.
Over the past few days, I have had calls from the organisers of St. Patrick's Day parades right across west Cork. The insurance costs of all of them have gone up by several hundred euro. The committees involved work voluntarily trying to promote west Cork for St. Patrick's Day, yet they now have to find the money to pay the increased cost of insurance.
Another topic I wish to raise is the lack of flood insurance. In many towns across west Cork where flood relief work has been carried out, businesses are failing to obtain any flood insurance cover. This is wrong. I ask the Minister of State, Deputy D'Arcy, to support the motion.