John Brady (Wicklow, Sinn Fein) | Oireachtas source

There is a crisis impacting on small businesses across the State. It is the escalating and spiralling insurance premiums that we see increase annually. The adventure tourism sector is worth more than €1.2 billion to this State and has seen the Wild Atlantic Way and Ireland's Ancient East be successful initiatives. Businesses are being forced to close down in that sector. Five businesses that I am aware of have closed down recently because of spiralling insurance premiums. Another business that I am working with, Bray Adventures, had a premium of €600 last year. The quote that it got this year was for €10,000, a massive increase. It eventually secured insurance for €900, which is still a significant increase, but it has had to scale back the types of activities that it can offer to individuals.

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