Business insurance costs rise

Business insurance costs rose by 4 per cent this year, compared with a 28 per cent rise last year and a 52 per cent rise in 2002, according to research by employers body, Ibec.

11th December, 2004

Business insurance costs rose by 4 per cent this year, compared with a 28 per cent rise last year and a 52 per cent rise in 2002, according to research by employers body, Ibec.

Despite the slowdown, Ibec director Brendan Butler said the rises were still above the rate of inflation.

“Our big concern is that, with insurance premiums levelling off, the political incentive which forced government into action is no longer as pressing,” he said.

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