Comment by cptskippy

> It's not generally good financial advice to pay the overhead of an insurance company for costs you can easily pay yourself

For a lot of companies, a lawsuit would be the end of them even if it's not financial ruin. Often times the decision to purchase insurance isn't made by the CEO but rather by the board of directors.

Board directives are often why you see companies adopting or trending towards certain activities that don't necessarily make sense. They might be at the benefit of a member of the board or one of the other companies they chair.