SFA warns of insurance cost crisis

SFA warns of insurance cost crisis

The Small Firms Association (SFA) has warned that Irish small businesses are facing an insurance cost crisis.

It says that insurance costs have increased by 29.6% since 2011.

"Without quick actions from government, this trend will continue, with devastating consequences for small businesses around Ireland," AJ Noonan, SFA chairman said.

He added that "it will become impossible to do business in Ireland both from a domestic and from a foreign direct investment perspective."

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