IHF welcomes insurance recommendations

The Irish Hotels Federation today welcomed the insurance recommendations of the Joint Oireachtas Committee on Enterprise and Small Business.

The Irish Hotels Federation today suggested the insurance recommendations of the Joint Oireachtas Committee on Enterprise and Small Business should result in reduced insurance premiums for Irish businesses.

Welcoming the report, the Federation stated that the measures should, if quickly implemented, result in bringing insurance costs more in line with those in other European countries.

However it warned that despite substantial improvements being made in the insurance environment over the past year, Irish premiums are still at least 50% higher than those in Britain, and it hoped that these reforms would have marked effects.