Insurance
Revealed: Hospitality firms among worst affected as insurance costs continue to soar
New data from the Central Bank of Ireland showed that premiums continue to rise alongside a boost to insurance companies’ profits
The cost of insurance has continued to climb over recent years despite a spate of government reforms aimed at making cover cheaper for businesses.
Business insurance premiums rose by 8 per cent in 2022 with several sectors recording significantly higher increases in the cost of their employers liability, public liability and commercial property package cover, according to a new Central Bank of Ireland report.
The National Claims Information Database (NCID) showed that firms in the ...
