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Do you think the companies that insure these stores will just trust that something has been stolen if the store didn’t report it to the police?

• pseudo0 4y ago
  There is no point in insuring against a predictable cost of doing business. An insurer would simply charge a premium equal to the expected amount of theft, plus a margin for their profit and the (small) risk they are taking. For the many retail stores where insurance doesn't make sense, filing a police report is just extra wasted time and effort if it won't result in any tangible results.
• refurb 4y ago
  You think stores buy insurance against shoplifting? You think insurers offer it? How much do you think it would cost?
  • Ekaros 4y ago
    My estimate for the cost is on average more than the shoplifting costs... Plus all the administrative work.
    • refurb 4y ago
      The correct answer is - it would be prohibitively expensive to get insurance for shoplifting, so shops don't have any. They just take the hit as "shrinkage".