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Wimbledon took out a pandemic policy year after year. Turns out they were stupid to do so, they could have invested the insurance premium in the stock market an

• gerdesj 7y ago
  Think in risk terms. When they were assessing the risk to their business posed by a pandemic then they could not foresee the govt response. An insurance policy is (almost) certain to pay out. Risk assessed and mitigated. "turns out" is not a method I use for business planning. I'm not sure what sort of bailout they would get either. My firm does not expect a loss of earnings style bailout. I would venture that they did the right thing.
  • treyfitty 7y ago
    Insurance is most certainly NOT certain to pay out. Case in point Star Cinema Grill; albeit this is an egregious case where the insurer is blatantly arguing and bluffing a lawsuit. Insurance will fight tooth and nail to not pay out. https://www.insurancebusinessmag.com/us/news/hospitality/lloyds-of-london-underwriters-hit-by-lawsuit-from-pandemiccovered-cinema-chain-219185.aspx https://www.insurancebusinessmag.com/us/news/hospitality/llo...
• ambicapter 7y ago
  Wimbledon the tennis tournament?
• tathougies 7y ago
  Wimbledon is a one time (well annual...) event. I doubt anyone would insure a company making billions in revenue against a pandemic -- an inevitable outcome in a lot of ways.
  • michaelmrose 7y ago
    If it happens once every 20 years then the money earned by investing 20 years of premiums just have to pay for it. Alternatively the company could spend 20 years socking away money instead of issuing large bonuses.