I was advised to get insurance, but it feels like a sunk cost. If things happen, and it comes to filing a claim, what happened, which policy responded, and did it materially save the business or a deal (e.g., landlord or client requirement)?
Topic summary
A business owner questions the value of insurance, viewing it as a potential sunk cost. They seek real-world examples from others about:
- Specific incidents that triggered insurance claims
- Which policy types actually responded
- Whether insurance materially saved their business or enabled deals
- Cases where coverage was required by landlords or clients
The discussion remains open with no responses yet, leaving the original poster’s questions about practical insurance benefits and ROI unanswered.