But you name checks out. Another bad example. If I crash into you it is covered by liability insurance. Not collision or comprehensive. I don’t think you fully understand insurance terms?

Several of my companies have had $1 million deductible for Worker’s Compensation claims. Each claim. In addition every single company I’ve worked for has been 100% insured on comprehensive and collision. According to your position, that is a bad decision. I vehemently disagree.

Self insurance is very simple math. Smart people evaluate it all the time. It isn’t the absolute that you make it out to be to always buy it. And no actuary is laughing at me as you suggest.

By chance are you an insurance agent? You sound like a sales guy with the example you used.