Over the past month, I've watched at least five different college 'idiots' who wanted to be interviewed, and explain how burning business operations was OK....because they had insurance, and that would pay for everything.
More or less....I just am amazed at the amount of stupidity demonstrated by the college kid.
Most business operations will have a minimum of three insurance packages: (1) General liability insurance, (2) Property insurance, and (3) Business owner's policy (BOP). So let's talk about these.
General liability insurance is usually for injury or harm to you, your employees, or your customers. You serve some bad food, and customers sue you for hospital time or out-of-work periods? This insurance falls into play.
You go through a period of no usage....the rate stays stable. You go and activate it several times in one year.....the rate goes up. Who pays for the rate increase? Customers....via the cost of whatever you sell or service.
Property Insurance concerns the building itself. If you get wiped out via a flood or tornado, this insurance kicks off. Deductibles? The more you build into the deductible....the less you pay yearly.
The average deductible is 1-percent of the value of the building. But if this is a upscale pub or restaurant, worth $750k? You might go and establish the deductible at ten-percent (75,000). Who pays for the insurance and the deductible? Well....the customer pays in the end.....it's figured into the cost of what is sold.
BOP. This will usually cover business interruption insurance, vehicle for the business coverage, crime/break-in insurance.
In almost every case....if you activate a policy....your cost rises in the next twelve months. It might be 10-percent....it might be 50-percent. If this was a total loss, and due to a riot, you can imagine a insurance company looking at a possible repeat, and maybe bringing the package to a 100-percent increase. If there is no police coverage in the area, they might just refuse the insurance request, and say 'NO'. Odds of you rebuilding if no insurance is possible? ZERO, no idiot would go and build a McDonalds in a police-free zone.
There is a clear lack of understanding over capitalism, and the cost factor attached to conducting a simple coffee shop or restaurant operation.
Sunday, 14 June 2020
Just For the Record: Atlanta Mayors
Since 1848, the list of Republican mayors in Atlanta? Two guys.
Dennis Hammond did one single year in 1871, and stepped down in 1872.
Nedom Angier did two years, starting in 1877.
That's it.
Talking city council? No one has a full listing going back to 1848, but it would appear that the majority have been Democratic since that era.
Dennis Hammond did one single year in 1871, and stepped down in 1872.
Nedom Angier did two years, starting in 1877.
That's it.
Talking city council? No one has a full listing going back to 1848, but it would appear that the majority have been Democratic since that era.
How I Think The Riot Thing Will Go In The Fall
So basically, the Antifa 'kids' will return to classes in August (unless Covid-19 becomes a issue again).
'Marvin' and 'Larry' had an exciting summer. They were in Minneapolis and Chicago....burning and looting. They assaulted a dozen people each. Now, they must return to classes.
Somewhere in the first six weeks....they encounter some guy in a Trump-red-hat, and get hyped-up to react...beating the guy on campus. A video captures the action.
The assaulted kid gets a lawyer. The lawyer walks into the university president's office with three simple demands: (1) million in cash, (2) two armed guards (full-time, 24-hours a day) for remainder of time at school, and that Marvin and Larry be expelled. Failure to comply? The cash money goes up to 25-million. The video is played and the lawyer for the campus is now a bit worried.
Marvin and Larry get brought in....the video shown, and quick fashion....are expelled. They sit there in amazement....calling their parents. Both had 3 years accomplished. Lawyers jump in and threaten big lawsuits. University President invites them in....shows the video....then shows the fine-print of what the idiots signed. Yes, the University President can expel you for a list of reasons, and violence is one.
After flushing $20k in lawyer costs and burning up four months of time....the parents now realize....nothing is going to change.
So Marvin and Larry now take themselves to another state public college, and attempt to enter there. They ask for a copy of the transcript....which has at the bottom of it....'EXPELLED' and says the reason is for violence. 'Nope' is the answer.....this college won't accept them either. Over the course of a month, six colleges from the state say no.
Finally, they locate a private university in the state that will take them. But the eval on accomplishments is done, and they throw out almost an entire year. So both idiots have to repeat around 12 classes each. Since they've wasted their entire fourth year....they now begin the fifth year, and will have to add a sixth year onto their schedule. Cost factor? That goes up as well.
Now imagine this happening at least a hundred times....perhaps even 300 times. It's going to be a harsh reality coming up for some 'kids'.
'Marvin' and 'Larry' had an exciting summer. They were in Minneapolis and Chicago....burning and looting. They assaulted a dozen people each. Now, they must return to classes.
Somewhere in the first six weeks....they encounter some guy in a Trump-red-hat, and get hyped-up to react...beating the guy on campus. A video captures the action.
The assaulted kid gets a lawyer. The lawyer walks into the university president's office with three simple demands: (1) million in cash, (2) two armed guards (full-time, 24-hours a day) for remainder of time at school, and that Marvin and Larry be expelled. Failure to comply? The cash money goes up to 25-million. The video is played and the lawyer for the campus is now a bit worried.
Marvin and Larry get brought in....the video shown, and quick fashion....are expelled. They sit there in amazement....calling their parents. Both had 3 years accomplished. Lawyers jump in and threaten big lawsuits. University President invites them in....shows the video....then shows the fine-print of what the idiots signed. Yes, the University President can expel you for a list of reasons, and violence is one.
After flushing $20k in lawyer costs and burning up four months of time....the parents now realize....nothing is going to change.
So Marvin and Larry now take themselves to another state public college, and attempt to enter there. They ask for a copy of the transcript....which has at the bottom of it....'EXPELLED' and says the reason is for violence. 'Nope' is the answer.....this college won't accept them either. Over the course of a month, six colleges from the state say no.
Finally, they locate a private university in the state that will take them. But the eval on accomplishments is done, and they throw out almost an entire year. So both idiots have to repeat around 12 classes each. Since they've wasted their entire fourth year....they now begin the fifth year, and will have to add a sixth year onto their schedule. Cost factor? That goes up as well.
Now imagine this happening at least a hundred times....perhaps even 300 times. It's going to be a harsh reality coming up for some 'kids'.
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