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> Corporations who engage in risky long-term behavior should have to purchase long-term insurance to cover liability for what they are doing Startups engage in
by chimeracoder 11y ago
> Corporations who engage in risky long-term behavior should have to purchase long-term insurance to cover liability for what they are doing
Startups engage in "risky long-term behavior" all the time. It would be prohibitively expensive for them to have to purchase insurance, especially when they're insuring against risks that aren't well-defined in the first place.
- btilly 11y agoSo you want to limit your long-term costs with limited liability, and your short-term costs with no insurance. And you also want to be free to engage in behavior that puts MY life at risk? And you see nothing wrong with this??? If you want to reap potential rewards for your behavior, you also need to take responsibility for the potential costs.
- chimeracoder 11y ago> And you also want to be free to engage in behavior that puts MY life at risk? And you see nothing wrong with this??? You're putting a lot of words in my mouth. > If you want to reap potential rewards for your behavior, you also need to take responsibility for the potential costs. "Potential costs" (ie, risks) are very difficult to define in advance. You can sometimes identify them after-the-fact, but having to wait until afterwards defeats the whole point of insurance in the first place.
- akiselev 11y agoWhat words, exactly, is he putting into your mouth?
- deleted 11y ago[deleted]
- imtringued 11y agoWe're talking about enviromental risks. If your startup can't afford the insurance then maybe your startup should stop dumping lead into our rivers.
- forgetsusername 11y ago>Startups engage in "risky long-term behavior" all the time. Financial risk is not the same as health or environmental risk.