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I’ve wondered if “stripping assets” should require a sort of liability insurance. In the simple case: a company requires 5m in liability insurance to give out 5
by jon_richards 4y ago
I’ve wondered if “stripping assets” should require a sort of liability insurance. In the simple case: a company requires 5m in liability insurance to give out 5m in dividends. If the company later declares bankruptcy, any creditors/regulatory agencies can go after the insurance company.
- missedthecue 4y agoGiven the high bankruptcy rate of newer businesses, I'm not even sure how insurance could be feasible unless the policies cost millions per year. Which is a non-starter obviously.