Cost of public liability claims is under review

Financial Services Minister Eoghan Murphy has said there is room for the Law Society and small businesses to work together to identify the costs of public liability claims.

Mr Murphy said work is now underway focusing on public liability insurance claims after the publication of the Report on the Cost of Motor Insurance in January.

Some SMEs may be handling their own claims and are “self-insuring”, which could increase the liabilities small businesses face in the future, he said.