Insurance

Hospitality businesses are struggling to access insurance cover, publican says

Ciarán Hanley, a Galway publican, says cost of insurance policy has increased by 70 per cent and only one underwriter was willing to provide cover

Ciarán Hanley, who owns Murty Rabbitt’s Bar in Galway city with his wife Adrianne: ‘We’re at the point that we won’t be able to get insurance and it is a real concern.’ Picture: Andrew Downes

A Galway publican has warned that hospitality businesses may not be able to get insurance cover due to the acute lack of underwriters offering liability policies to the sector.

Ciarán Hanley, who owns Murty Rabbitt’s Bar in Galway city with his wife Adrianne, said he was forced to accept a 70 per cent increase in the cost of insurance for the pub this year as there was only one insurance company willing to provide cover ...