On 31/07/2010 18:02, james wrote:
In message , The Natural Philosopher
writes

The general rule is that if you can afford to repair replace whatever,
and the risk is moderate to high, don't insure.

I was astonished to learn following the fire that gutted their
Chichester store that Sainsbury never insured their premises.

Then, after the Big Read case, I learned that the BBC no longer carried
copyright infrigment insurance. They had dismissed most of their
copyright staff that kept them out of trouble.

Funny old world

Sainsbury have a lot of stores so if they lose the odd one it may not
cost as much as paying premium for all of them.
I understand that at one time Woolworths did not have sprinklers in
their stores because it was cheaper to have the occasional one burn down.
Many large companies have huge deductibles per event subject to an
aggregate limit for any one year. Some have their own captive insurance
companies in the UK or offshore. Many multinationals have incredibly
complex insurance programmes.