HOW SAVING IN INSURANCE PAYS THE COST OF SPRINKLERS
Roger W. Babson, Well Known Financial Authority, Points Out Advantages of Insurance Premium Savings Plan—Emphasizes Need for More Sprinklers
HOW the installation of automatic sprinklers in mercantile and manufacturing establishments will reduce the fire loss and the advantages of the so-called “Insurance Savings Premium Plan,” which allows the immediate cost of installation to be spread over a period of years is emphasized by Roger W. Babson, well known financial and business authority, in a letter to the Grinnell Company. Mr. Babson points out that this places the installation of sprinklers within the reach of those who heretofore might have been deterred from using them on account of the high initial cost incident to their adoption.
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