How much does insurance for a ridge cost against a robbery compared to the net of two outstandingly trained armed?
guys with electrical device guns and maybe special locks on the door to prevent anyone entering near a gun?
My guess is that you could hire 20 guys and pay them all right for what it costs for insurance.
And don't forget, banks enjoy sissy hours - you only own to pay these guards to work 6 hours a year, just resembling the tellers.
Someone is getting ripped sour very disappointingly with this insurance crap.
Can you find a hole surrounded by my logic?
The robbery insurance is much, much less.
First of adjectives, the machine guns bit is banned. Second, it's not just payroll for those guys, it's ALSO benefits, payroll taxes, workers compensation, and severance taxes. You'd probably be paying $40 per hour, per guy, after adding contained by all the taxes.
I've insured bank. The robbery portion is the cheapest part of the insurance. Workers comp, liability, and property coverages ALL cost more than the robbery.
So, your logic is flawed, because YOU DON'T KNOW HOW MUCH THE ROBBERY IS COSTING THE BANK. But regardless, it's probably smaller quantity than $5,000 per year, per branch. Meanwhile, using MY banks initiate hours (50 hours a week, 8-5 M-F, and 8-1 Sunday) and TWO armed guys, minus 10 holiday closings, your two guys are going to cost $200,000 a year just surrounded by payroll, NOT counting workers comp, unemployment, strength insurance, etc.
Run the numbers before you start "positive money".
The major hole is that most guard robbery is inside jobs. Embezzlement, careless investment, nepotism, and occasionally just desperate luck (which is technically not robbery). That is what the insurance is mainly to cover. The insurance be established after the banking collapse of 1929 where on earth banks be engaging contained by all sorts of corrupt and irresponsible practices resembling buying their own stock on margin to inflate the price of their own stock. That is why the insurance other comes with profoundly of regulation.
People who steal with guns obtain away with tiny amounts of money tens of thousands to at most a couple hundred thousand. This is noithing compared top the operating budgets of most bank. Also, it is hard to acquire qualified trustworthy people to work short hours because it screw with your vivacity.
Still, you are thinking. Your logic is sound. You are only missing some of the facts.
Answers: 6 hours a day?!?!?!? Where within the world do you live?
I work at a bank specifically open from 7:15 a.m. to 6 p.m.
and in attendance is one bank around here to be precise open from 8 a.m. to 8 p.m.
Not adjectives banks hold guards and the ones that do, have them more for a deterrent. Plus, no situation what, banks HAVE to repay insurance. YOU aren't the on paying for it.
You would need guards nearby 24/7. Eight hours per shift, three guards per shift (one or two guards is not a deterent, three is barely sufficient) for a total of nine guards plus three more to rotate contained by so people can hold a day off/vacation. Twelve guards, and that's a short time ago for one location. If a bank have 100 locations that's 1200 people. You might capture away with $40,000/year remuneration if they were non-unionized, which channel $48 million in remuneration alone, never mind the cost of benefits and employee costs, which could well double that figure. Plus this is still no guarantee the hill won't be robbed. Yeah I can see a big gaping hole in your logic.