Sectors as diverse as tourism, hospitality and the arts have been inordinately hit by the sharp spike in insurance costs.
Ireland’s Association for Adventure Tourism
Brendan Kenny, chief executive of IAAT, said that members have experienced “extortionate” premium increases over the last two years. Kenny said increases of between 40 per cent and 200 per cent are putting businesses at risk of closure.
Some businesses in the sector have hung up their harnesses due to rising insurance costs, or refusal to insure. Kenny said the rising cost of insurance is putting...
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