About

The basic principles of mutual insurance in Ontario have not changed much since the beginning. Community based, mutual companies are owned and operated by their Policyholders. There are no stockholders. The mutuals are run by a Board of Directors which is elected from among the Policyholders. The Board appoints the Officers of the Company.

 

In return for agreeing to secure Policyholders against loss, the Company collects premiums. This fund, together with income from investments, is used to pay losses sustained by the Policyholders as well as the expenses of running the Company. Any surplus either remains in the Company’s surplus account or may be refunded to Policyholders at the discretion of the Policyholder Directors.

The concept is of mutual trust.

BLOG POSTS

Should I Insure my Golf Clubs and Golf Cart?

Wednesday, August 16, 2017

Storytime… Tomorrow’s office golf tournament came a little sooner than expected. I just got back from trying out a new driver at the range that I had purchased to replace the one that came with my club ... Read more

Trees, Lawns, Shrubs and Plants - Are They Covered?

Tuesday, July 04, 2017

When was the last time you thought about insurance coverage for that tree in your yard? Our guess: likely never. We see a lot of damaged greenery this time of year. We find that homeowners are unaware of the Home ... Read more

What Kind of Insurance Do I Need for My Hair Salon?

Monday, June 05, 2017

Have you always wanted to start up a commercial hair salon, beauty parlour or even a barber shop? Not sure what kind of insurance you will need? The short answer: a Retail Package Policy . A Retail Package Policy ... Read more