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Yes, but "the market" has figured out that you can sue the pants off an insured business whereas an uninsured business is not worth paying a lawyer to go after.
by dsfyu404ed 7y ago
Yes, but "the market" has figured out that you can sue the pants off an insured business whereas an uninsured business is not worth paying a lawyer to go after. Just carrying the insurance makes you a higher risk of costing the insurance company money by itself.
If insurance made financial sense to carry for the average or averagely unlucky operator the state wouldn't need to make it mandatory and drivers wouldn't grumble about it or at the very least it wouldn't be their primary gripe. They'd gripe about labor costs and labor laws like every other business does.
- ceejayoz 7y ago> Just carrying the insurance makes you a higher risk of costing the insurance company money by itself. Insurance companies aren't typically run as charities. > If insurance made financial sense to carry for the average or averagely unlucky operator the state wouldn't need to make it mandatory... The state is worried about the damage they can potentially cause to others. Their employees, their customers, innocent pedestrians, buildings. > They'd gripe about labor costs and labor laws like every other business does. That seems unlikely, considering the drivers are largely independent contractors. They don't tend to complain about labor costs, as they call them "profits".
- lonelappde 7y agoInsurance is for the victims, not the perpetrators who can just declare bankruptcy and go work for their brother's replacement company.