NoahTheWeebWolf Posted May 5, 2015 Share Posted May 5, 2015 (edited) Before I begin let me be clear when I say this suggestion is not mean to be an OSBot staff sponsored program, this would be run by someone like myself who has lots of feedback and is willing to take huge risks for huge profits.I recently came up with the idea to create an insurance program for runescape services on OSBot.Basically, its purpose would be to intervene in disputes against services by reimbursing scam victims of services who have invested into the insurance program.The amount the insurance provider would reimburse depends on how much insurance the service owner has decided to pay for per month.To start there'd be an initial fee to buy into a policy(lets say 30m, for example) and then every month a smaller fee would be charged aka your premium to renew the insurance package(say 5m, for example).In the event, a scam happens and the insurance provider has to cover the scam, then your premium would increase relative to the damages(lets say 5m to 10m, although really it depends how much the insurance already covered so the numbers will vary).Just like an actual insurance company assuming there is a constant stream of income from both old and new services not to mention the monthly fees you'd get this would ensure all scam victims could be reimbursed, and fewer services will shut down and possibly stop scamquitting under the pressure.Again please note I am not suggesting this be run by OSBot Staff; I am asking whether or not this could be a feasible if say a well known/trustworthy member of the community wanted to carry the burden would they be allowed to/recognized as a legitimate service or is there some rule I am overlooking that would not allow this to exist? Edited May 5, 2015 by NoahTheWisewolf 2 Link to comment Share on other sites More sharing options...
Nike Posted May 5, 2015 Share Posted May 5, 2015 (edited) No, Don't use Sketchy services. Problem solved. If a trusted user does scam, why would some one buy insurance as they are thinking they won't get scammed because the user is trusted. Edited May 5, 2015 by nike Link to comment Share on other sites More sharing options...
RServiceGeeks Posted May 5, 2015 Share Posted May 5, 2015 I'd have to admit its a good idea, but then you have to worry about scam artist fraudulently scamming your insurance company "Insurance Fraud". I think you might end up ass side up if you did run a company like this. 1 Link to comment Share on other sites More sharing options...
Nike Posted May 5, 2015 Share Posted May 5, 2015 (edited) Something that is just as easy, transferring items to a mule. Losing 3$ on a mule vs say 100m 10x better and cheaper than buying an "insurance plan" Unless you plan on replacing peoples accounts back to original stats, which you wouldn't, or if a service worker is just a dick and drops untrables, you would be required to earn them back. This would never be useful. In situations such as a car or house there is not a simple cheap solution to avoid these issues. Edited May 5, 2015 by nike Link to comment Share on other sites More sharing options...
NoahTheWeebWolf Posted May 5, 2015 Author Share Posted May 5, 2015 No, Don't use Sketchy services. Problem solved. If a trusted user does scam, why would some one buy insurance as they are thinking they won't get scammed because the user is trusted. Workers can still scam, and this creates issues. I had a service, and I had two workers who scammed for a total of 70m combined. It wasn't a fun experience dealing with their BS, and I know it can still happen to others. When you work solo it's not so bad(just get less work) but when you have workers, you're responsible for their actions so if something goes wrong it's the managers issue whereas with insurance they can avoid losing as much money. Something that is just as easy, transferring items to a mule. Losing 3$ on a mule vs say 100m Some people are irresponsible/fear they'll get banned for gold farming or some crap and expect nothing to go wrong with a trustworthy service(but workers don't always care). 1 Link to comment Share on other sites More sharing options...
RServiceGeeks Posted May 5, 2015 Share Posted May 5, 2015 (edited) Workers can still scam, and this creates issues. I had a service, and I had two workers who scammed for a total of 70m combined. It wasn't a fun experience dealing with their BS, and I know it can still happen to others. When you work solo it's not so bad(just get less work) but when you have workers, you're responsible for their actions so if something goes wrong it's the managers issue whereas with insurance they can avoid losing as much money. Some people are irresponsible/fear they'll get banned for gold farming or some crap and expect nothing to go wrong with a trustworthy service(but workers don't always care). Well I say if you have your T.O.S and A.U.P then you are good to go I'd like to see the outcome of such a service to be honest its always innovative to create new ideas and put them into play no matter what others opinions are. Start small and watch your business grow, anyways I'm anxious to see your decision in all of this. Now if you need a broker holla at ya boy lol. Edited May 5, 2015 by ServerGeeks 1 Link to comment Share on other sites More sharing options...
Nike Posted May 5, 2015 Share Posted May 5, 2015 (edited) Workers can still scam, and this creates issues. I had a service, and I had two workers who scammed for a total of 70m combined. It wasn't a fun experience dealing with their BS, and I know it can still happen to others. When you work solo it's not so bad(just get less work) but when you have workers, you're responsible for their actions so if something goes wrong it's the managers issue whereas with insurance they can avoid losing as much money. Some people are irresponsible/fear they'll get banned for gold farming or some crap and expect nothing to go wrong with a trustworthy service(but workers don't always care). If they care about there items enough to buy insurance, then they care enough to pay 3$ for a mule. If they believe they will get banned for trading another account on there same ip but they trust some random workers ip then there just purely stupid Also if their irresponsible what makes you think they would buy insurance? Edited May 5, 2015 by nike Link to comment Share on other sites More sharing options...
NoahTheWeebWolf Posted May 5, 2015 Author Share Posted May 5, 2015 Well I say if you have your T.O.S and A.U.P then you are good to go I'd like to see the outcome of such a service to be honest its always innovative to create new ideas and put them into play no matter what others opinions are. Start small and watch your business grow, anyways I'm anxious to see your decision in all of this. I don't know if it's allowed though. I am just following the same principles behind how insurance in real-life works and applying it here. I know OSBot can't offer such services, but I don't recall any rule that'd prevent individual users offering such services. Assuming I can maintain a consistent/large customer base that pays their premiums on time I would constantly be getting close to around 100m every month. Besides since the average scam is for much less then I will never have to dig into my own funds to help a scam victim just the funds other members paid me to remain covered(just like how real insurance works and is profitable). Sure scams will happen every now and then, but then I can bump up that member's premium, and I won't experience much of a personal loss. If they care about there items enough to buy insurance, then they care enough to pay 3$ for a mule. If they believe they will get banned for trading another account on there same ip but they trust some random workers ip then there just purely stupid Also if their irresponsible what makes you think they would buy insurance? I am talking about customers not wanting to transfer their stuff over. Customers of a service don't buy insurance service providers do. If customers want to be that way and the service owner trust their workers(but ends up scamming) that's the purpose of the insurance. In the end they'll lose much less than they would without insurance. 1 Link to comment Share on other sites More sharing options...
Nike Posted May 5, 2015 Share Posted May 5, 2015 (edited) The purpose of the initial deposit of service workers is "suppose" to be insurance. 2nd its a service owners fault if they leave more than what that deposit was on the account. It gives worker temptation to take. You as a service owner should never leave more than your willing to refund no matter how much you trust your worker. If worker made 10m deposit over a month ago and has done a fair amount of jobs, but then logs onto an account to see that there is 100m on the account. That is 10x his initial deposit and probably more than he made in that whole month. Tbh its service owners responsibility to keep its customers safe. If they don't take full responsibility or run it like a proper business should be run, then they probably shouldn't be a service owner. Having insurance would only cause more scams I believe as owners would hire less trusted users to do services as they now have a safety net, in future causing more scams and costing you a ton of money,. In end its good concept in theory, although completely avoidable. It would never work Edited May 5, 2015 by nike Link to comment Share on other sites More sharing options...
NoahTheWeebWolf Posted May 5, 2015 Author Share Posted May 5, 2015 (edited) The purpose of the initial deposit of service workers is "suppose" to be insurance. 2nd its a service owners fault if they leave more than what that deposit was on the account. It gives worker temptation to take. You as a service owner should never leave more than your willing to refund. I am aware of the purpose of an initial deposit fee. However, given most only charge 5m per worker, means that if one major scam happens their screwed next time something goes wrong. Avarice can make people do dumb things(that includes forgetting about the risk involved and going in unprepared). Point is mistakes can be made and when they are insurance backs you up, although I agree, it's better to get things right on the first try it's just not always possible sadly otherwise everything would be perfect. Put it this way Id rather ensure something I own that cost $200 for $20 now so that if it breaks I don't lose my $200 in the future. Operating any kind of business without some sort of plan B/insurance is a risky road better be safe than sorry. Edited May 5, 2015 by NoahTheWisewolf Link to comment Share on other sites More sharing options...
Nike Posted May 5, 2015 Share Posted May 5, 2015 (edited) If a service owner can't take the time to insurance the safety of their customers then they should be an owner The only thing this could apply to would be accounts, which I highly doubt you would refund an account with the exact same stats, Basically what you said is if the manager of a company tells a worker to go into an unsafe working condition, and the worker dies, that his mistake would be covered by insurance? No insurance company covers stupidity. Close thread \ Edited May 5, 2015 by nike Link to comment Share on other sites More sharing options...
NoahTheWeebWolf Posted May 5, 2015 Author Share Posted May 5, 2015 If a service owner can't take the time to insurance the safety of their customers then they should be an owner The only thing this could apply to would be accounts, which I highly doubt you would refund an account with the exact same stats, Basically what you said is if the manager of a company tells a worker to go into an unsafe working condition, and the worker dies, that his mistake would be covered by insurance? No insurance company covers stupidity. Close thread Mistakes happen, I already covered this; unfortunately bad things happen, and we can't always prevent them. This is the point of insurance regardless of who's at fault. Worker's insurance is a prime example! You see in real life, whether the employee or manager is at fault the insurance company will cover their damages for the cost of increasing their premium(in this case the business). If an employee died on the job while working under poor/negligent conditions, the manager that sent them to their death would get in a lot of trouble for negligence, and insurance may very well cover financial damages caused. A better example is if a doctor, for example, negligently kills/injures their patient during an operation professional insurance will definitely protect them at the price of a largely increased premium. Insurance is literally there for the sole purpose to protect a customer of the insurance from harm regardless of who's at fault. Link to comment Share on other sites More sharing options...
Nike Posted May 5, 2015 Share Posted May 5, 2015 (edited) why was my post deleted? ex-staff getting roasted to much .... Edited May 5, 2015 by nike Link to comment Share on other sites More sharing options...
qarielq Posted May 5, 2015 Share Posted May 5, 2015 Idk, this sounds like it could open up more scams. What if someone buys your "insurance" plan and teams up with his mate to pretend his mate "scammed" him. He could then claim his insurance money from you and split it with his mate. Link to comment Share on other sites More sharing options...
Dard Posted May 5, 2015 Share Posted May 5, 2015 I like the idea, however: -You have to measure what the monthly fee should be Let's say I run a service with alot of orders, I have to pass them onto you as in regarding how much I get for them etc But what if I get stabbed in the back for thousands of $$, who is there to refund it? Me? You? It seems like a big risk, easy to go bankrupt or not. Link to comment Share on other sites More sharing options...
