Insurance cost crisis forcing small businesses to close, report finds


The ongoing insurance cost crisis is forcing many small businesses to close their doors for good.

That's according to The Alliance for Insurance Reform, who say the lack of political will to tackle the issue is adding to the problem.

They're before the Oireachtas Finance Committee along with ISME today, to demand rapid action.

Currently, compensation claims here are almost four times the level in the UK.

Director of The Alliance for Insurance Reform Peter Boland says a number of things need to be urgently addressed.