Small firms warn of an insurance cost crisis

FTAI calls for €40,000 award to injured hillwalker to be reviewed

Small firms are facing higher insurance costs

Small businesses are facing aninsurance cost crisis as excessive awards, high legal costs,climbing premiums and regulatory shortcomings have combined to drive costs up by nearly 30 per cent in the last five years, the Small Firms Association (SFA) has warned.

Meanwhile, the Freight Transport Association of Ireland (FTAI) has warned that a recent award of €40,000 in damages to an injured hill walker would have a negative impact on insurance premiums and should ...