We use Google Analytics to see which pages are read and how the site is used, so we know what to improve. This only runs if you accept. See our privacy notice for details.

Dáil
‹ Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation

Insurance premiums and uninsurable businesses

Summary

Deputy Doherty highlighted sectors such as leisure, bouncy castles and paintballing that cannot secure insurance and are shutting down. The Tánaiste said existing legislation has not solved the problem and acknowledged some firms are facing impossible quotations or no cover at all.

Pat the Cope Gallagher An Leas-Cheann Comhairle Fianna Fáil

I call Deputy Pearse Doherty.

Comment on this

I want to raise an issue I previously raised with the Tánaiste before the summer, which has gotten worse since we last met. I refer to the issue of insurance premiums, and the fact that certain sectors in Irish society, particularly the leisure, bouncy castle and paintballing sectors, cannot get insurance anywhere in Ireland or even in Britain, and are now closing down one by one. Two adventure centres have closed down in Meath, as has a swimming pool in Kildare, a nightclub in Cork, and some bouncy castle operators. Such businesses are closing down day in, day out, and these are only the ones hitting the headlines. Companies are closing every single day as a result of hikes in insurance premiums or because no insurance company in Ireland or in Britain is willing to insure them. The Government needs to get a grip on this, and should meet urgently with Insurance Ireland for some straight, tough talking.

We cannot allow these jobs to go. We cannot allow the tourism product that we and these companies have built up over many decades to be wiped out as a result of an industry that is unwilling to quote them, or that will quote them four times what they were quoted last year. This is a crisis that affects the very fabric of Irish society. As I said to the Minister at a committee last week, unless this is dealt with it is possible that a child will never experience a bouncy castle on the island of Ireland ever again, because no company in Ireland or in Britain is willing to insure bouncy castle operators. That is just one example. Will the Tánaiste and his Government take action on this and hold urgent meetings with Insurance Ireland in order to give some succour to companies at their wits' end? They know their policies run out in November, December, or January, and when that happens, they will be out of their jobs and their companies will have to fold.

Comment on this
Simon Coveney The Tánaiste Fine Gael

There is a whole range of legislation in this area, but as of now it has not been enough for the specific problem to which the Deputy is referring, which is that certain sectors either cannot get insurance at all, or are being quoted ridiculous figures that will make it impossible for them to stay in business. I have met a number of those companies, particularly in relation to child activity centres which cater for children's birthday parties and so on. In one of those categories within the sector, the only insurance company I am aware of that is quoting at all is based in the UK. This is an issue. We had a long discussion about this at a Cabinet subcommittee meeting recently and all I can say for now is that the Government is looking at this closely to see what more can be done. We are somewhat limited in what is possible without changing the Constitution in some areas, however, there are some things we can do, and I expect the Government will come forward with some new thinking in this are in the coming weeks.

Comment on this