Subscribe Login
Retail

Musgrave Calls On The Government To Fast-Track Measures To Tackle High Insurance Costs

Retailer Musgrave has called on the Government to fast track a suite of measures required to tackle high insurance costs in Ireland.

Musgrave supports over 1,000 independent retailers in Ireland.

Insurance Premiums

A spokesperson for Musgrave said “Saturday’s report from the Judicial Council will have to be examined in detail by the many retailers who have borne the brunt of rising insurance premiums in recent years. It may take some time before we see if the new guidelines bring Ireland in line with the level of general damages in other countries.

However, what’s most important now is that the Government speeds up the implementation of this report along with other initiatives such as enhancing the role of the PIAB, rebalancing the duty of care, and reducing fraudulent and exaggerated claims."

The group also expressed its demands to "see action on increasing competition in the Irish market where there are too few companies offering cover and too many barriers to new entrants.

Despite many reports in recent years, reforms to date have not delivered cuts in liability insurance premiums.  For thousands of companies involved in retail and food service, this is a crippling cost which can, and must, be reduced.”

 © 2021 Checkout – your source for the latest Irish retail news. Article by Conor Farrelly. Click sign up to subscribe to Checkout.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

LIMITED TIME OFFER: 20% Off Our Premium Subscription
Enjoy full access to all website and app content, our weekly email news digest, and to Checkout Magazine 12 times a year (including our Top 100 Brands 2022 edition).
LIMITED TIME OFFER: 20% Off Our Premium Subscription
LIMITED TIME OFFER: 20% Off Our Premium Subscription
Enjoy full access to all website and app content, our weekly email news digest, and to Checkout Magazine 12 times a year (including our Top 100 Brands 2022 edition).
LIMITED TIME OFFER: 20% Off Our Premium Subscription