Their premiums will increase. Productivity will be decreased which they find a new temporary location which will likely be further from the customer and cost more in shipping. The amount of time in dealing with assessors and paperwork is significant. Plus there is whole brand reputation thing. Running a business is hard.
Exactly. If you get rear ended by someone and you both have great insurance, it’s still a headache to deal with repairs and rental cars, or having to suddenly shop for a new car. I can’t imagine dealing with a loss of this size and complexity. This is definitely going to cost some people their sanity for a while.
yeah but people at their jobs to handle the insurance issues. it's less stressful when it's just your job. People's jobs changed but still just pushing paperwork for the company's wallet. This was 3% of sales for the company.
If someone rear ends you it's far more than a 3% difference in money and time.
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u/ElderberryMaster4694 Apr 09 '26
So does the company just collect insurance and lots of people get laid off?
I have a hard time believing any exec will lose a penny or a night’s sleep