Our company was established in 1893 out of a desire to provide the residents of Ayr and surrounding communities with protection from devastating loss caused by fire.

A group of community residents recognized the need for affordable insurance and solicited the names of those interested in being a part of this endeavor.

By the Act of 1836, each district in the Province of Upper Canada was permitted to form its own mutual fire insurance company if it had a minimum of 40 subscribers for insurance. Those 40 souls were required to sign a premium note. In this way, they assumed liability proportionate to the policyholder’s own limit of protection. If a loss by fire occurred, the amount required to pay the loss was assessed, levied, collected and paid to the claimant in due course.

The tradition of ‘neighbour helping neighbour’ is the backbone of mutual insurance. Through the mutual system, the losses of the few are borne by all of the policyholders of the company.

At the first Annual Meeting on February 24, 1894, it was reported that the volume of insurance to date mounted to an aggregate of $805,060, representing 238 policies. Our company has continued to grow over the years, but our principles remain true to the mutual tradition, rooted in the pioneer spirit. New lines of business have evolved and we have adapted to those changes without losing that link to the values of the past. It is our policyholders and their needs that drive our business.

Ayr Farmers Mutual is proud to be an Ontario Mutual.

 

 

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