Creches, nightclubs, marts and other businesses across the country are closing down because of the massive increases in public liability and business insurance.
That's according to Mayo TD Dara Calleary who told the Dáil yesterday that, in the case of one childcare facility, insurance had risen from €2,000 in 2012 and €16,000 last year, and this year the owner cannot get a quote, putting 12 jbs and a 7-year old business at risk.
The Fianna Fail deputy leader said the personal injury awards made in this country is a major issue.
Deputy Calleary said 75 community festivals have shut down because of increased insurance costs, and claims nothing is being done to tackle the issue.
The Mayo TD said legislation is not being pursued on the issue, and he called on the Government to publish a new book of quantum - general guidelines on the amounts that can be awarded in personal injury claims - which he says are four times higher here than in the UK.
Tánaiste Simon Coveney responded that the Government was well aware of the difficulties facing businesses, and said the working group chaired by the Finance Minister Pascal Donohue is working through the recommendations of ongoing reports.
Minister Coveney said the Government is determined to deliver the kind of results for small businesses that they delivered for motor insurance.