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this post was submitted on 10 Oct 2024
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I assume business would insure against scenarios like this, whether that's through securing cash as they suggested or if that isn't an option (which seems to be the reality of the situation) through things like, escrow accounts, insurance, and cash on hand.
You say the businesses wouldn't just 'throw away money' yet here we are, the businesses, by not 'throwing away money' are stuck with these machines to deal with.
I understand that the person was saying that the business should have collected a deposit, but they didn't, so my question is, why are these businesses caught out by this? Why didn't they prepare for the risk they assumed by subletting their property, if they didn't collect a deposit, they should have sequestered some cash to handle this scenario.