The Richmond palladium. (Richmond, Ind.) 1906-1907, 1906-12-19
Science of Insurance
Has Been Given Close Study by Dou.
gan & co.-Method Of Work
Employed.

There is probably no one line on
business which today is attracting
such universal attention as the In
surance business; a business in
which every man is more or less in
terested and which, recognized as il
now is as one of the scientific pur-
suits of the day. is being taken up as
scientific study in some of the high
err educational institutions of the
country. The day has passed when
the man who has made failure at
everything else, simply because he
has not the proper foundation for any
kind of business. can pick up the in
surance business and succeed The
insuring public has learned that there
is considerable more in the issu-
ance of policy than the mere execu-
ton of the same, and that in order to
have his risk scientifically handled.
and thereby obtain the fullest protec-
ton, he must place his insurance
with the man who is student OF his
profession, who goes into the risk
thoroughly, taking into consideration
all the interests of his patron.
To the property owner, Fire insur-
ance is probably the most important
branch of the business. and has more
varying features than any of the 9TH
er lines, consequently requires the
deepest study on the part of the
which should be given careful con
sideration by the public in general
with probably that of Corporate SUI
rety in the foreground. From the en-
ployers standpoint, he is too busy 20
investigate the past records OF the
various book-keepers, clerks, treasur-
ers, etc, who present themselves for
employment, hence simply requires
that they furnish a corporate bond,
knowing full well that the investiga-
ton made by the company will be
complete and that they will be res
ponsible for his honesty From the
standpoint of the public. it relieves
them from the necessity of going on
the bonds of their friends, which is
nothing more nor less than the plac-
ing of mortgage on their property.
and which they are not unfrequently
called upon to pay.
Probably the next most important
line, and a line which bids fair to
rank second to the Fire insurance, is
that of BURGLARY; according to re-
cent statistics the number of losses
by burglary. including residence and
mercantile risks. are about ten times
that by fire, and hence this line Of
insurance has come to be looked up
on as one OF the essential projections.
in fact in two or three of the larger
cities the losses from residence burg
laries have become so numerous that
the insurance companies writing this
line have been compelled to eliminate
thesb cities.
Then there are numerous other
lines, each required in its particular
place, viz: Life Insurance. Accident,
Lianility. Steam Boiler. Plate Glass.
Windstorm, Fly Wheel. ETC., all OF
which, as stated above. should be
handled in Thorough scientific man.
ner. in order that the insurance pub
lie may receive the greatest possible
benefits. This Is the method carried
out by Dougan & Co., an agency
which is conducted by men who I'M
derstand every phase of the business,
who take up. from a purely scientific
every risk presented,
pointing out to the assured the vari-
Gus ways in which the risk can be I'M
proved. and rates and hazards re-
duced to a minimum.