The editorial in the Statesman appealing for help for the merchants that suffered losses in the fire at the Boise International Market is well intentioned, no doubt. However, if you have $50,000 in inventory and decide against buying insurance to cover it should a disaster take place, I’m sorry, but sympathy wanes when someone is that irresponsible. What you do is reduce your inventory to $48,000 and take the difference and purchase a property policy that will transfer the risk to an insurance company. You might even sleep better at night. Not only would the policy have covered the fire that happened, but it also could have provided for the loss of income that resulted. It isn’t just a fire that could ruin your business but a multitude of other everyday events, such as vandalism, water damage, burglary etc., all covered under a contract with the insurance provider. When someone uses the tired and illogical excuse that “I can’t afford the insurance,” then I conclude you can’t afford to be in business in the first place.
Jim Johnson, Meridian