If shipwrecks were more common in the past, did people shipping things have a higher expectation that their stuff wouldn’t reach its destination?

Question

Like, did they just shrug and be like “oh well, I guess we aren’t getting our pineapples this year” or was it a rare and problematic occurence?

In: Other

Answer 1

Shakespeare’s “Merchant of Venice” is based around a moneylender, and how the shipping investors don’t know if they will be rich when the ship arrives, or if they are financially ruined from the ship sinking