Liability insurance premiums increased 24% between 2013 and 2019

A report on employer’s liability, public liability and commercial property insurance in Ireland, the first of its kind published by the Central Bank, found that the average settlement for injury claims made via litigation was €69,865 for employer liability and €38,599 for public liability.

13th July, 2021
Liability insurance premiums increased 24% between 2013 and 2019
According to the regulator, 57 per cent of employer liability claims were settled by litigation. Picture: Getty

The cost of liability insurance premium packages increased by 24 per cent between 2013 and 2019, according to new research from the Central Bank of Ireland.

The figures are included in the first employers’ liability, public liability and commercial property insurance report of the National Claims Information Database (NCID) to be published by the financial regulator.

Liability insurance spans a broad range of business sectors, each of which covers a variety of risks. The Central Bank noted...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Central Bank plans to ban ‘loyalty penalties’ for car and home insurance

Insurance Eva Short 5 days ago

Analysis: Business insurance is still profitable, contrary to industry group’s claims

Dublin hotel insists Covid-19 insurance claim is valid test case

Insurance Barry J Whyte 3 weeks ago

Central Bank warns insurers to seek Covid-related test cases

Insurance Peter O'Dwyer 1 month ago