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SVTPerformance's Chain of Restaurants
Road Side Pub
The Minneapolis Police Choke an Unarmed Handcuffed Black Man to Death
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<blockquote data-quote="Blown 89" data-source="post: 16429403" data-attributes="member: 45161"><p>I'm getting a little tired of hearing this argument. Insurance costs businesses money and if you burn that business to the ground they aren't getting a one to one return and their premiums will most likely go up. </p><p></p><p>Here's how it would work in my business. I have three presses, they're all 30+ years old. Insurance will only give me what those presses are worth, not what it costs to replace them. On top of that, it takes 9 months to get replacements. My customers aren't going to wait for 9 months, they're going to scatter. Not only that but for those 9 months I'm not collecting a paycheck. My highly trained employees all leave and when I get new presses in 9 months I have nobody to run them. The bills are still coming in because most businesses work on lines of credit. All of the raw materials go up in smoke and I have at best a few weeks to pay for them and I have no incoming cash flow so my credit slips and vendors drop my terms. I also have 100's of thousands of dollars worth of custom customer tooling that I can't replace so even customers come back I don't have anything to print them with. All of our internal systems need to be replaced, we need to retool a new facility....it's a disaster. </p><p></p><p>This is why a lot of companies go under after fires. Let's put it this way.....if someone totals your car and says, "Eh, you have insurance" and drives off, how are your next few months of dealing with an insurance company going to go? Now imagine that car is your livelihood. </p><p></p><p>I hope the people looting rot in hell.</p></blockquote><p></p>
[QUOTE="Blown 89, post: 16429403, member: 45161"] I'm getting a little tired of hearing this argument. Insurance costs businesses money and if you burn that business to the ground they aren't getting a one to one return and their premiums will most likely go up. Here's how it would work in my business. I have three presses, they're all 30+ years old. Insurance will only give me what those presses are worth, not what it costs to replace them. On top of that, it takes 9 months to get replacements. My customers aren't going to wait for 9 months, they're going to scatter. Not only that but for those 9 months I'm not collecting a paycheck. My highly trained employees all leave and when I get new presses in 9 months I have nobody to run them. The bills are still coming in because most businesses work on lines of credit. All of the raw materials go up in smoke and I have at best a few weeks to pay for them and I have no incoming cash flow so my credit slips and vendors drop my terms. I also have 100's of thousands of dollars worth of custom customer tooling that I can't replace so even customers come back I don't have anything to print them with. All of our internal systems need to be replaced, we need to retool a new facility....it's a disaster. This is why a lot of companies go under after fires. Let's put it this way.....if someone totals your car and says, "Eh, you have insurance" and drives off, how are your next few months of dealing with an insurance company going to go? Now imagine that car is your livelihood. I hope the people looting rot in hell. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
The Minneapolis Police Choke an Unarmed Handcuffed Black Man to Death
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