Shopkeepers still paying exorbitant insurance premiums – Get Duty of Care passed, says RGDATA

RGDATA has again called on government to tackle bogus insurance claims, which are harming small businesses
“Taxes on windfall profits should also be considered for the insurance companies that are not lowering premiums,” said RGDATA director general Tara Buckley

"Government should commit to introducing the legislation through the Houses of the Oireachtas before the summer recess," says RGDATA

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8 June 2022 | 0

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Get the Duty of Care legislation through Oireachtas before summer recess and make sure the new standards apply to both business visitors and recreational users, RGDATA has urged Justice Minister Helen McEntee.

RGDATA has also notified Tánaiste Leo Varadkar, chair of the Cabinet subcommittee on Insurance, that government must also ensure that shop insurance premiums come down as a result of all this reform.

In a letter to Minister McEntee, RGDATA director general Tara Buckley wrote: “RGDATA, along with many other stakeholders in the SME sector are deeply impatient for these reforms to be introduced. We sent comparable proposals to the Department of Justice over two years ago and believe that at this stage, the time for action has passed. The government should commit to introducing the legislation through the Houses of the Oireachtas before the summer recess. There is no need for any further delays.

“We would also urge the government to introduce measures to compel the insurance sector to pass on savings secured as a result of the reforms that have been brought in by government. There needs to be some mechanism or structure to compel (and shame) insurers to pass on savings to customers rather than shareholders. Otherwise, the purpose and objective of the reform programme will have been frustrated by the actions of a sector that all too often puts its own corporate needs ahead of the challenges being faced by hard pressed policy holders,” Buckley added.

 

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