The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-17
CAN INSURE YOUR JOB.
New and Rather Unexpected Line Taken Up
by an Eastern Corporation.

Turning the pages OF the Indianapolis
Journal. the other day. the eyes of the re-
porter fell upon the following advertise
ment:
wanted-C Clerks. book-keepers and other sal
aried men to investigate the new salary insur-
ance policy issued by the -. Pays a full sal
airy in the event of loss of situation.
The reporter, in whose case premonltory
symptoms of spring fever are beginning to
develop. became interested. Here. perhaps,
was on opportunity to indulge in several
months of sweet ~dO-nOthing, with o con-
tinuing salary assured. He went about
the investigation with a strong personal
interest 10 spur him on. He did not find /:
the soft snap he had expected.
This feature of Insurance." said the
agent lis something entirely new. 1t has
been in operation only three months, and
was originated and developed by John Nj.
Crane, OF New York. 3 veteran In insur-
ance. 1t is being spread by our casualty
and indemnity com pany all over tina
United States, and will soon become q very
important part of our business"
do You think it will winf IL it legiti-
mate insurance.
ut is just AZ feasible as individual acci-
dent insurance. We are receiving a good
many applications. though it Is a little
slow because new and not understood. 1t
requires II personal explanation III each
had the matter under advisement for three
months. and then, perfectly satisfied of it's
feasibility. went into this entirely new
field of insurance. Most of our insurance
ideas come from Europe, but this Is wholly
an American ldea."
What steps are necessary to insured"
I'VE first ascertain through an applica-
tion whether the applicant Is correct In his
business habits. and. having fully satisfied
ourselves on that score, we can guarantee
him the full amount of his wages during
the time he is out of employ mont. not to ex-
coed six months. In the meantime he is to
use due diligence himself Oward securing
q new position. We are. of course. inter
ested in having him get another position
as soon as possible, and We aid MIN in
every way in doing So"
What is the object of this kind of in
surancei What cases of less of employ
ment does it covert"
The usual and w~ell-known causes. such
as fire OH the premises. want of capital by
employers. dissolution of partnership.
transfer OF retirement from business by the
employer, reduction of number of en-
ployes, arrangement of staff, bankruptcy.
failure OF death of employer. accident,
sickness. etc. The sIckness is TO be some
thing like ty phoid fever, which loses the
position to the emplOye by reason of his
being long absent from his duties. There
Is no SlCk-DcDeut OueiDto5 dDOut III. An
other cause of loss OF position Is insult
ableness. while the insured may be we'll
qualified for another"
"Whom 10 you insured"
almost everybody but mechanics or
those who perform manual labor. We even
insure reporters. We consider applications
from engineers and conductors on steam
railroads. The charge Is l per cent of the
salary, but no policy is written for less
than SIS n year. For instance. if a man
receives $500 n year. be would pay us SIS
for a policy that would guarantee him
wages at the rate of 81 500 a year while he
was out Of employment. for a term not 10
exceed six months. A man receiving 81. 500
would pay SIS a year. and would receive
Sl5O a month while out of employment. IL
n man received a salary of $50 q year he
would have 10 ay US SIS n year for us TO
guarantee him his wages viii le out OF en-
ploy mcnt. In no case can any one receive
In excess of his regular salary"
This new feature of insurance 10 attract
ing great attention from insurance experts.
and opinion is about equally divided as TO
whether IL will win or not