Insuring your job hmmm....

After seeing a depressing photo of "extremely pretty" air hostesses on the TOI front page, made me wonder why we cant insure our jobs. There MUST be a very good reason why we see no need to handle over the headache to an insurer.

I agree one can always deposit his money and invest that "smartly" to take care of any untoward incident which leads to one losing his/her job.

But wouldn't be better if i cover your "job security" by assuring at least 75% of your salary for a year, 50% for the 2nd & 25% for the 3rd till you find the correct job (rather than desperately joining a low-profile company). Obviously the salary to be used should be the basic pay you were receiving when you were fired. This could be very useful suppose you get involved in an accident and the company considers you a liability it doesn't want to bear. You and your family can live with almost similar life-styles without much worry. Also, this would encourage bolder decisions to be taken by employees rather than always being conservative and fearful of being axed.

But obviously you need to keep putting monthly or annual payments which go to the premium of the contract.

Theres got to be a catch somewhere as it must be difficult for the insurer to assess risk. But it seems quite straightforward to me. One always has ratings for established companies and one can always assess the track record of an individual.

One possibility is that since you are always interested in operating only in the middle-income earning groups, it could be extremely difficult to work with low-income group as assessing risk would be almost impossible. Also, the high-income group would always consider themselves to be smarter investors.

Even then it seems to be quite a viable idea. Then why not have it??? hmmm...