IBEC takes on firms on insurance cost claims

EMPLOYERS’ body IBEC has disputed claims by leading insurance firms that insurance costs for businesses have dropped significantly over the past two years.

IBEC director Brendan Butler yesterday claimed employers had not experienced a decrease in insurance premiums as suggested by the industry, apart from some decline in the cost of motor insurance.

Addressing a meeting of the Joint Oireachtas Committee on Enterprise and Small Business yesterday, Mr Butler said: “We have not seen any evidence as yet from our analysis of a reduction in such costs.”