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

COVID-19 Notification

Wednesday, December 23, 2020

COVID-19 UPDATE: December 23, 2020 To our valued Policyholders, We continue to work at providing you the same level of service you have become accustomed to as we navigate 2020/2021 together.  At this ... Read more

Community Wellness Donation Project

Monday, October 26, 2020

We have 50,000 reasons to smile! Community is the reason Ayr Farmers Mutual exists today. A group of farmers assembled over 125 years ago to protect each other from financial losses caused by fire. ... Read more

Loss Prevention Checklist for Temporarily Unoccupied Buildings

Tuesday, April 21, 2020

This post is intended to provide you with Loss Prevention checklists to protect your temporarily unoccupied building(s) which have been ordered to close during the COVID-19 Pandemic. We have also provided a Checklist to ... Read more