No need to install daemontools, runit, supervise, etc. As useful as these tools are, they cover use-cases you generally are not in need of for only cron. What you simply need can be handled at ease with init. Add to /etc/inittab:
cron:2345:respawn:/usr/sbin/crond -n
Make sure crond supports the -n option first. This tells it not to fork and to remain in the foreground. ** Be sure to disable crond from the rc scripts **.
/usr/lib/lsb/remove_initd /etc/init.d/crond
If, for some reason, crond outputs to stdout or stderr, you will need to write a wrapper script to deal with that output, and spawn the wrapper script. Keep that script simple:
#!/bin/sh
#crond-wrapper.sh
exec crond -n &>>/var/log/crond
Alternatively, you can modify the existing packaged init.d/crond script with one that invokes crond -n within a while loop. But in that case, you have to be clever about saving the pid for later use by this script.