Monday August 10, 2020

Small firms warn of an insurance cost crisis

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

18th April, 2016
Small firms are facing higher insurance costs

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 be reviewed by the Court of Appeal. It said the award, against the National Parks and Wildlife Service, was "excessive, setting a precedent for future claims and ultimately forcing insurance premiums to rise".

The SFA said that the frequency of claims has...

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