15/09/2003

Business insurance crisis talks to take place in Belfast

The Federation of Small Businesses (FSB) is to meet with the Northern Ireland Affairs Select Committee on its visit to Belfast tomorrow to discuss, what it believes, is a growing insurance crisis in the province.

The FSB said the ensuing crisis over high insurance premiums could cripple thousands of small businesses and the loss of thousands of jobs.

FSB Policy Chairman, Wilfred Mitchell said: “We welcome this opportunity to meet with the committee to outline our concerns about the ridiculously high cost of Insurance Premiums for Small Businesses in Northern Ireland.

“Unless the Government take urgent action, thousands of jobs and small businesses are at risk. We will be hoping to gain the support of the committee for our campaign and its objectives.”

The delegation will include Wilfred Mitchell, Policy Chairman, Glyn Roberts, Parliamentary Officer and John Gillis FSB Insurance Committee.

(MB)

Related Northern Ireland News Stories
Click here for the latest headlines.

28 February 2017
Car Insurance Premiums Set To Soar
The Ministry of Justice has announced a new way of calculating compensation payments which could see average car insurance premiums soar by up to £75 a year. Lord Chancellor Liz Truss announced plans to cut the discount rate to -0.75% from 2.5%.
23 August 2002
Concerns grow over insurance costs for businesses
Business leaders and politicians have backed calls for an urgent assessment of the rising cost of business insurance. The Federation of Small Businesses say that small businesses are facing 500% increases in their insurance bills as the cost of premiums rocket.
28 September 2004
Small business sector 'confident but concerned'
A new report has revealed that over half of Northern Ireland's small businesses have been victims of crime during the past year. The Federation of Small Businesses (FSB) 'Lifting the Barriers to Growth' Biennial Membership Survey 2004 examined issues and problems relating to small business growth in the province.
04 June 2003
Government has failed to heed warnings on insurance
The Government’s failure to recognise the difficulties threatening many small businesses with closure has been criticised by a former member of the Assembly’s Enterprise, Trade and Investment Committee.
27 June 2003
FSB to tackle minister on business insurance crisis
A senior delegation from the Federation of Small Businesses will be meeting the Minister for Enterprise Trade and Industry, Ian Pearson next Tuesday. The delegation will press for urgent action by the Government to tackle the growing high insurance crisis which is crippling small businesses in Northern Ireland.