The Bad Debts of Exporting: Why it's doubly important to insure against not being paid Available to Purchase

Why is an investment invariably insured against loss or damage? Ask a factory manager why, when he has taken all reasonable precautions to prevent fire, flooding and theft, he then insures his plant and premises against those same risks. He will tell you something like “peace of mind” … “accidents happen” … or that “you can't control Acts of God — and I can't afford disrup‐tion of my company's operations, let alone go out of business”. And “anyway, the premium costs are a legi‐timate overhead”.