Why is insurance good?

First, we need insurance because, contrary to what we thought, we have never managed to domesticate nature, quite the opposite; Since civilization arose out of our fight against nature, it has developed in this adverse way until, with climate change or whatever, supposedly caused by humans, it affected nature to the point of turning it against us, in form of unexpected floods in unexpected places, volcanic eruptions, hurricanes, tornadoes, that is, all natural calamities that can destroy our lives and our businesses in a matter of seconds.

Second, we need insurance because, as Voltaire with his critical spirit mocked Leibniz’s philosophy, according to which we live in the best of all possible worlds, showing that neither our world is perfect, nor we, man is full of weak, including the temptation to steal. As Plato stated, through the legend of the shepherd Gyges, if it is not seen or known, therefore, having to take risks, as if under a cloak made us invisible, we would be too willing to steal or even kill to get what we want. we want. .

As such, insurance can protect our property and assets against theft, robbery or armed robbery. From stealing money from a restaurant or store to breaking into a computer company and leaving with the hard drives, or stealing large amounts of money from a bank, any event of this type can affect or end our activity. total.

Third, we need insurance because our reason is not a perfect machine that works smoothly and equally well at all times, and neither are our body parts, like our hands, for example. What would become of a company without professional indemnity insurance if, due to the error of judgment of one of the employees, some third party, the client, suffered serious financial damages? Or if, due to a trembling hand from exhaustion or lack of professionalism, a surgeon or dentist injured the patient, the client? Both the compensation and the legal costs can be very high, especially if the culprit is proven guilty in a court of law.

But with indemnity insurance, all of these financial concerns would be unfounded because the insurance company would take care of the matter, regardless of whether the business owners or their employees were at fault or not. That way, you wouldn’t risk going bankrupt, compromising your reputation, or losing your clients – in short, completely failing.