Why buy a bait if you won't fish it to it's fullest? Losing baits sucks, but it will happen, that's just part of the game. If you don't want to risk losing a bait, don't fish it. Every time you make a cast you are risking losing a bait, you never know when there could be a nick in your line or if you will get a backlash that will break your line.
I've lost expensive baits in the past and chances are I'll lose them again, it's part of fishing.