What would stop a crime-insurance provider of other rights-protection agency from defrauding someone, i.e. charging him for a service and never rendering? What would stop the owners of this firm from taking the patrons’ money and leaving?
What would stop a person from defrauding someone, i.e. charging him for a service and never rendering? What would stop the owners of this firm from taking the patrons’ money and leaving?
A protection service.
well, thats then, glad we sorted it
You didn’t answer my question: What would stop a crime-insurance provider or (misspelled of in OP) other rights-protection agency from defrauding someone, i.e. charging him for a service and never rendering? What would stop the owners of this firm from taking the patrons’ money and leaving? Who’s going to protect someone from his protectors?
You mean like the government?
I don’t know what other people would do, but if my crime-insurance provider defrauded me of a small amount I would simply take my business to one of their competitors. If it was a large amount I would take the story to the media and potentially ruin that company. Depending on how the courts were set up, you could also take them to court.
Yes.
The only difference between our current scenario and the scenario that the original poster outlined is that the government is a monopoly and that fraudulant protector would not be a monopoly. Therefore, the second scenario is preferable because you can switch protectors without switching locations.
Other protection agencies? Bounty hunters? Angry mob with rifles? Take your pick.
I think it’s quite reasonable to expect that a protection service company would have to build a certain level of reputation and trust before it starts getting a lot business.
I agree, but other protection agencies might not help him, since the theft is a pre-existing condition. Do you think there would be certain safeguards in place in the company’s rules, such as a rule that they can’t fire all their employees in a certain period of time? If the owner’s protection agency were still in operation after the owners took off with their customers’ money, the company’s employees would be legally required to go after them, no?
bump
Theft is also a loss. And in life and business, you take your lumps and move on. No one ever got rich trying to recover a loss.