Benjamin Franklin
Benjamin Franklin
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 1908 Vintage Ad Benjamin Franklin Printers Engravers ORIGINAL ADVERTISING  US $45.95
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 1930 e ad benjamin franklin hotel US $39.99
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 1929 ad Toy Banks Darkey Aunt Jamima Policeman Benjamin Franklin Mama Dolls US $29.99
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 1907 Print Ad Benjamin Franklin Co Engravers Printers ORIGINAL ADVERTISING US $23.95
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 Benjamin Franklin Typewriter Ribbon Tin Pic of Ben Franklin US $14.95
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 1937 General Motors Ad Benjamin Franklin Electricity US $12.95
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 SEATTLE WASHINGTON BENJAMIN FRANKLIN HOTEL DECO LABEL US $12.49
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 Benjamin Franklin Hotel SEATTLE WA Great Deco Label US $11.99
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 Dahlstrom Door Benjamin Franklin School Binghamton NY US $10.00
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 1975 Benjamin Franklin art Hammermill Papers print ad US $9.99
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 1935 Literary Digest Benjamin Franklin Cover Art US $9.99
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 1957 Benjamin Franklin by Seymour Mednick CCA print ad US $9.98
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 1952 John Hancock Insurance Ad Benjamin Franklin Art US $9.95
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 1948 Benjamin Franklin Bifocals Univis Lens Print Ad US $9.95
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 1947 SKF Bearings Benjamin Franklin Printing Art Ad US $9.89
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 1948 Union Carbide Better Power Benjamin Franklin Quote Print Ad US $9.34
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 ROSICRUCIANS 1952 Ad Advertisement BENJAMIN FRANKLIN US $7.99
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 ROSICRUCIANS 1955 Ad BENJAMIN FRANKLIN SIR ISAAC NEWTON US $7.99
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 Image of Benjamin Franklin Middle School in Wayne MI 1964 Lighting Print Ad US $7.00
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 1987 Pioneer LaserVision Benjamin Franklin Print Ad US $7.00
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 1965 ad Franklin Peanuts nuts Benjamin Franklin jar AD US $6.38
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 1950S BENJAMIN FRANKLIN FOR JOHN HANCOCK INSURANCE AD L 14X11 US $5.99
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 1929 MUTUAL CASUALTY INSURANCE BENJAMIN FRANKLIN AD ART US $5.95
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 1952 original ad John Hancock Life Insurance Benjamin Franklin US $1.25
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The Beginning Of Insurance
The word insurance refers to any agreement where a person pays another person or business to indemnify the safety, but to be more precise, pay for the replacement of any such personal property if said possession is lost, destroyed, or damaged in some other way other then the neglect or willful destruction of the property by said owner. There is insurance for just about anything, insurance is generally divided into four areas; vehicle, property, health, and life insurance.
Insurance has been around since civilization began. The earliest form of insurance was the old protection rackets that organized crime families still use even today. Criminals or rulers of a country would ‘guarantee’ that a business or home would not be damaged or destroyed by criminal activities for a weekly cut of said profits of the business. This form of blackmail and extortion quickly led to merchants and shopkeepers living in their businesses. So that when the criminals came they would be greeted by sword and spear. These actions, taken by these early businessmen, led to the old saying, “The greatest protection comes by the sword.”
The earliest known form of a true form of a contractual insurance agreement came as early as 3 or 2 millennia B.C. These simple agreements stated that a merchant, trader or transporter of goods would guarantee the safety of said cargo or shipment. If the goods were lost, the transporter of said goods would pay either the sender or receiver for the loss or both. Other insurance contracts were simply a fee paid by the carrier so that of the goods were lost then the fee would cover said loss of goods. These agreements were usually done by a verbal agreement, but they were later back up by laws etched in stone and papyrus.
Later on, people would hire guards. In today’s times, it would be the equivalent of a security guard. These guards, which were often times retired soldiers, would follow a transportation of goods or wherever they were needed. It was very hard work, but it paid well. Many retired soldiers took this form of work up as a way of living.
Now in the modern age, insurance is a necessity for a normal life in every nation on Earth. Insurance now covers Life, property, wellbeing, and even accountability from lawsuits. The insurance business is now a multi-billion dollar industry. The first known insurance business was started after the Great London Fire in 1666. The fire destroyed 13,200 houses. After this tragedy, Nicholas Barbon opened an office to insure buildings. In 1680, he established England's first fire Insurance Company, "The Fire Office," to insure brick and frame homes.
The first insurance company in the United States was founded in Charleston, South Carolina in 1732. The company insured against fire damage and Benjamin Franklin helped popularize the concept of insurance in the nation at the time. In 1752, Benjamin Franklin founded the Philadelphia Contributorship for the Insurance of Houses from Loss by Fire. Franklin's company was the first to make contributions toward fire prevention. His company also tried to warn against certain fire hazards, but it refused to insure buildings that were at considerable risk of fire, such as wooden houses or warehouses.
As you can see, insurance has come a very long way and it continues to be part of our everyday lives. With the cost of living and property we own; it is true for the general public that you can’t live without insurance. In many areas, insurance is required on some items.
Ben Franklin
