ACCIDENT INSURANCE COM PANY.

Inangahua Times, Volume II, 8 March 1880, Page 2

ACCIDENT INSURANCE COM PANY.

♦— The prospectus has been issued of a new company, entitled the New Zealand Accident Insurance Company. The title of the new enterprise sufficiently explains its scope. Insurance companies of this character bave for a long time existed in the old country, and have proved of great value in numberless cases where persons have through accident been deprived of the means of living. The risks the Accident Insurance Company proposes to undertake are divided into four classes — ordinary, extra, hazardous, and special risks. Tbe title * ordnary risks ' explains itself as those of every day occurrence common to all classes. Extra risks are meant to include sucb as are peculiar to constructive occupations ; hazardous'

risks apply more especially to mariners, mining engineers, policemen, &c., whose profession is more or less of a necessarily hazardous nature, and the risks that come under the fourth heading of ' special ' are sufficiently indicated by the term employed ; these include sucb callings as huntsmen, stock riders, horse breakers, &;\ Appended to thei prospectus is a table of rates showing the amount of compensation paid in case of death or disablement. The distinctive features of tbe company are also 'stated. The pro* moters of the compiny have secured the services of the staff of the New Zealand Insurance Company and the use of their offices, Mr D. Craig being appointed general manager forJCanterbury.