Forums: Discussions for entrepreneurs and small business.

I have to say, I`ve never heard of "job loss insurance." But today, listening to the radio, I heard a commercial for a company that offers this. So I did some looking, and here`s an article from 2008, put together by ABC.
"Job Loss Insurance."

It seems you can pay in a premium, and if you lose your job, the insurance will pay your bills for some period of time.

That`s all well and good when fewer people are losing their jobs, and more people are paying premiums. But in today`s economy, aren`t we seeing the opposite? Aren`t more people losing their jobs, and fewer people paying only the premiums?

Would you start a job-loss insurance business?

The other thing I`m supposing, and I think they mention it in the ABC story, is that there`s a time limit to how long the payout continues. It sounds as if it may be limited to 4 months of unemployment.

Even so, any insurance company would go bankrupt if more than 70% of their customers needed a payout, right?

I`m thinking of getting financial backers and putting together a Happiness Insurance company. 

So, I wonder if you actually started job loss insurance business? How does it go?

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