Irish companies going out of business due to insurance premium hikes

Irish companies in the leisure industry are being hit with huge insurance hikes, regardless of whether or not they have been involved in a claim.

It was recently revealed that Centre Parcs in Longford face insurance premiums that are 50 percent higher than those in the UK.

And Emily Naper, owner of the Lough Crew Adventure Centre in Meath, told The Joe Finnegan Show that she had to close down her leisure business after her premium was more than doubled from €19,000 to €40,000.

Peter Boland, Director of the Alliance for Insurance Reform, said that he is seeing leisure businesses closing every day of the week due to rising insurance premiums.

He also told The Joe Finnegan Show that Ireland is unique in its high pay-outs for insurance claims: