Dáil debates

Wednesday, 31 March 2021

Ceisteanna Eile - Other Questions

Insurance Costs

7:55 pm

Photo of Pádraig O'SullivanPádraig O'Sullivan (Cork North Central, Fianna Fail) | Oireachtas source

Exaggerated and misleading insurance claims have for far too long driven up costs and impacted competitiveness. It was the case in previous years that businesses had to eat into their everyday cash flow in order to pay off the high cost of insurance. This will not be an option for most businesses post Covid-19 as many of them are financially vulnerable. In the past, areas such as hospitality were greatly impacted by increases in premiums. Hospitality is one of those most vulnerable sectors at the moment due to the public health emergency. I am cognisant that as businesses reopen they are going to be in an exceptionally vulnerable financial position. Can the Minister of State ensure we get this right and implement the reforms as quickly as possible?

I ask that the Leas-Cheann Comhairle might indulge me for a moment longer.

Today, along with 20 other Senators and Deputies, I received a rapid antigen test. I have mentioned the hospitality sector, and I believe this product will be fundamental to what we do after the lockdown when we open up. Does the Minister for Finance have plans to give a tax rebate or tax exemption to companies supplying these products?

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