August 27 2023 Black Rock Desert, NEVADA - "30 seconds, send your leader to my vehicle, let's talk, get off the fucken road" - Tribal Ranger announced on the...
Loss of factory working days is a huge loss. Additionally, the more likely this is to happen, the more expensive said insurance will become, or insurers will just stop offering insurance.
I’ve never heard of insurance for large scale projects which can lose tends of thousands to millions of dollars per operations day lost. That’s normally eaten by the company’s savings or loans. Maybe it’s different in France.
Does this actually do anything though? Insurance will just pay out and they’ll maybe have slightly higher rates.
Loss of factory working days is a huge loss. Additionally, the more likely this is to happen, the more expensive said insurance will become, or insurers will just stop offering insurance.
No. Such insurances are mandatory by law; in extremis, a government agency would force an insurance to take the risk.
What will sooner happen is the factory installing higher and thoughervfences, install security cameras, keep dogs on th grounds and hire security.
I’ve never heard of insurance for large scale projects which can lose tends of thousands to millions of dollars per operations day lost. That’s normally eaten by the company’s savings or loans. Maybe it’s different in France.