Your opinion is something you are entitled to, but I would hate to be the business owner supposedly paying you to do what is in MY best interests, when your loyalties appear to lie with HMRC.
But that is simply the nature of the insurance cycle:
A bad thing happens and either (a) you are not insured for it, and it costs you money or (b) you are insured for it, receive a payout, and suffer higher premiums in the future so it costs you money.
The nuance is in balancing the value of a payout minus future renewal increases vs the cost of just eating the loss yourself. Its why so many don't claim on their car insurance after minor accidents.
My answers
Please tell me you're not an accountant.
Your opinion is something you are entitled to, but I would hate to be the business owner supposedly paying you to do what is in MY best interests, when your loyalties appear to lie with HMRC.
But that is simply the nature of the insurance cycle:
A bad thing happens and either (a) you are not insured for it, and it costs you money or (b) you are insured for it, receive a payout, and suffer higher premiums in the future so it costs you money.
The nuance is in balancing the value of a payout minus future renewal increases vs the cost of just eating the loss yourself. Its why so many don't claim on their car insurance after minor accidents.