What It Is:
Lottery Insurance is meant to protect business owners from those times that your employees win the lottery and walk out of the office yelling happy obscenities and proclaiming to never have to work again.
The policy is also meant to cover for the loss of several employees, should they have all won the lottery simultaneously in a lottery pool, and all of them simultaneously choose to quit their jobs and
Why You Shouldn’t Buy It:
The people who play the lottery are usually the ones that don’t want to work in the first place. Therefore, the ones that are playing the lottery are more likely to be the ones that you don’t want working for you. If your employee hates their job, it’s likely that losing them will hurt less, as opposed to someone who actually enjoys working. (and is probably less likely to play the lottery)
Not to mention, the odds of winning the lottery are about “1 in 175 million…You have roughly the same chance of getting hit by lightning on your birthday.”