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Originally Posted by
AusScare
Not attacking you, but if my boss touched one of the girls I work with, would she only get $200? I don't think the institution has anything to do with it.
its called punitive damages. the idea, which is fully exploited in the US, is you are "punishing" the offender and a percentage of retail business profits is a great way of punishing them, so yes the institution is relevant.
I work for a huge oil and gas company, and my 3rd party liability insurance is huge, not because we have a greater risk, but because we have a lot of money, and therefore a far greater chance that if someone is injured, they will be seeking a hell of a lot more in damages from us
2007 Audi RS4 with: APR ECU Upgrade; JHM Quick Shifter; Milltek Catback and Downpipes; KW V3 Coilovers; Argon Creative Carbon Fibre Splitters
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