Mayo businesses raise insurance concerns with minister
MAYO businesses have raised their concerns about rising insurance costs at ministerial level.
Minister of State Jennifer Carroll O'Neill convened a meeting with local businesses at Breaffy House Hotel to address their growing concerns.
Business owners expressed disappointment at the financial burden caused by false claims and the subsequent rise in premiums.
Deputy Alan Dillon and Senator Paddy Burke, in attendance alongside Minister Carroll MacNeill, confirmed that business insurance issues have been consistently raised during parliamentary party meetings.
Representatives from businesses and community festival organisers highlighted the pervasive 'claim culture'.
They shared stories of facing claims from the public and described tactics employed, such as offering gifts and covering medical expenses, to varying degrees of success.
Minister Carroll MacNeill acknowledged the challenges faced by businesses.
A major obstacle has been the 'duty of care' component of public liability insurance. Premiums have sky-rocketed, while many business owners lamented the existence of a prevalent 'slip and sue' culture.
The minister pointed out the progress made in amending the common duty of care provisions within the Occupiers' Liability Act of 1995. These provisions allowed members of the public to make claims against businesses, leading to increased insurance costs.
“The issue of slips, trips and falls has been appropriately addressed, resulting in a more balanced market for all,” stated Minister MacNeill. The proposed reforms will now be reviewed by President Higgins before the expected passage into law.
The impact of rising insurance premiums was felt acutely by businesses like Mayo on Ice, a popular ice-skating rink that could no longer operate in Castlebar due to soaring costs. Business owners emphasised the need to place responsibility on individuals engaging in high-risk activities.
The minister expressed optimism about new insurance companies entering the Irish market who, unburdened by historical claim baggage in Ireland, are expected to foster increased competition and potentially lower insurance prices.