>>Of course there are risks. That's why we carry insurance.
Which also has a cost... You are not negating risk by buying insurance. You are simply offloading it to another party and paying them money on a regular basis. At the end of the day, it's still an expense.
That's right. It's economically more efficient for me to pay someone $1000 a year in order to be covered for most eventualities, because I estimate my annual risk at a bit higher than 0.3%.
Which also has a cost... You are not negating risk by buying insurance. You are simply offloading it to another party and paying them money on a regular basis. At the end of the day, it's still an expense.