IF…, Waivers Work?.. Why is insurance throughout all the travel industry so high and mostly required by law?
Commercial transportation (marine, highway and air) have to have insurance by law. Why don’t we just have everyone sign a waiver before they get onboard a vehicle and drop the insurance requirements?
The skydiving waiver story proves my point. A lot of lawyers won a lot of money and the grieving family and the skydiving company payed a lot of money for a big courtroom drama. As most transportation companies have found, ‘Just Pay The Money Out’. Might as well pay it to the people involved or their family instead of a team of lawyers.
Kirk W. … “They said it cost far more than they ever hope to get back, but felt it was important to establish a precedent.”
Precedent is Never set in life loss or crippling cases. The legal industry will use the media to demonize and turn any precedence that may have been previously set. Just like the media has turned the executives at Boeing into greedy mass murdering serial killers who will kill anyone for a buck. They will do a full two hour documentary about how deadly “War Machines” are.