For Want Of A Nail

This old nursery rhyme is probably a reference to the unhorsing and resultant defeat of Richard III of England at the battle of Bosworth Field in 1485. It is a cautionary tale showing how one small mistake can have far reaching and devastating consequences: in this case the downfall of the House of York and the rise of the Tudors. But it is interesting to speculate on what would have happened if Richard or the farrier responsible for shoeing the horse had had business insurance. Would Richard’s heirs then have had sufficient resources to raise another army to recontest for the English throne? Would Henry VIII and Elizabeth I have remained minor nobles of little import or even been born at all: would the Church of England ever have severed its ties to Rome; would there have been that long period of peace and prosperity that nurtured the talents of such as William Shakespeare?
The modern equivalent of the farrier is probably a motor mechanic, who would now days have public and professional indemnity insurance quote which covers 100 % claims relating to faulty workmanship. This includes claims for personal injury and death, as was the case with poor Richard. They also cover loss and damage to private property, and eviction, all significant components in the loss of a kingdom. However it should be noted that the cover of such policies, although substantial, is limited and the adjusted value of the maximum payout given would certainly have been insufficient to make full restoration of the losses of Richard and his heirs, or to raise a new army.
It should also be noted that although insurance in some form has been around for over 4,000 years, in Richard’s time business insurance quotes would only have covered shipping. Contract law also was in its infancy then, being governed by the Lex Mercatoria, a set of rules and procedures concerned with the transactions of merchants and traders. The affairs of kings were well outside its purview. And here is also the question of foreseeability. The damages someone can be held liable for, and therefore needs highly secure public liability insurance online quote to cover, must be reasonably foreseeable. Most people would find it a little hard to imagine that the mistake of a tradie forgetting a nail or a screw could result in something quite as catastrophic as the downfall of a king. And finally there is slight problem with the facts of the case. It appears that it wasn’t the farrier’s fault after all: Richard’s horse didn’t actually lose a shoe; rather it became mired in the mud. Unless of course that rhyme was referring to a different horse…


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