Thread: Self Insuring
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Old 09-13-2004, 09:40 AM
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Default Self Insuring

Posted By: hankron

Not commenting specifically on Lee's issue. I've long felt it would be a reasonable and practical practice, for a seller who has had shipping or similar issues where he has had to eat the costs no fault of his own, to have a 'rainy day fund.' By tacking on a 25 or 50 cent cent extra charge (or whatever) to shipping, he would accrue money when that issue arrises. If, after 200 packages, one is lost or one is stolen, this fund would at least partially cover the cost. I wouldn't call this insurance, but an honest charge to cover the cost of doing business.

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