Thixotropic Substances and InsuranceBefore you run for your dictionary, thixotropic means that something is solid when standing and liquid when stirred or shaken. My new friend, Liz Strauss from Success Blog has challenged me to write on this topic, as it relates to insurance.
I suspect that anything thixotropic is an accident waiting to happen. And thus my best (and possibly only!) connection between things thixotropic and insurance.
A thixotropic substance on your floor or your sidewalk would be the ideal hazard. Once walked on (which would stir it), it would become liquid. Once liquid, it could be slippery. Immediately, as an insurance person, I'm thinking liability.
I'm not sure that I know a distinctive thixotropic substance, but in my experience, at room temperature, lard can definitely be solid when standing and liquid when stirred. Lard is good and slippery; after all, you can use it to prevent cooked items from sticking to a pan. It would be the kind of thing that could definitely cause someone a fall.
Now, I may have been reaching for a connection there, but liability insurance isn't a long shot. It's something you really should have in order to protect yourself and your financial future from a lawsuit. An accident that takes place on your property or inside your premises could mean a personal injury. That injury could mean a lawsuit. That lawsuit is not necessarily a malicious action either; if your best friend's child fell down your stairs and was crippled for life, you'd want them to have money to cope with that. They wouldn't want to sue you, but they'd need to. If you have the insurance, no one suffers and everyone is taken care of.
With this in mind, do research any insurance company before you buy a policy. The last thing you want is a company that automatically denies claims, even when they are valid.
Monique L. Attinger