The History of Peel Mutual Insurance Company

Following proposal meetings held in the Society of Friends Hall in Claireville and having the signatures of upwards of one hundred property holders desirous of placing insurance with the proposed company, The County of Peel Farmers' Mutual Fire Insurance Company came into being by special Statute of Upper Canada, following a meeting called on April 28th, 1876 for the purpose of electing directors. Fifteen directors were elected representing the different townships of the County of Peel.

Wheat themed icons
Peel Mutual logos through the years

It is believed that the meetings held in the Claireville Hall were joint meetings of interested persons from the Counties of York and Peel, with the intention of forming one company. However, a decision was finally reached to form a company in each county. This is actually what took place, but the York County Farmers' Mutual, after a few years of operation, ceased business and a large number of farmers in that area became policyholders of the Peel County company.

The first directors were Messrs. D. W. Garbutt, Samuel Pearson, Luther Cheyne, Eli Crawford, Richard Hamilton, John S. Leslie, Robert Young, Robert Clarkson, James Newlove, J. M. Vance, Thomas Hanton, Archibald Frank, John Lamont, Francis Sleightholm and William Porter. Immediately following the election of directors, they met and elected Francis Sleightholm as President, Thomas Hanton as Vice-President; Mr. Luther Cheyne resigned as a Director and was appointed Secretary and Mr. John S. Leslie was appointed Treasurer. Mr. W. J. Oliver was chosen by the directors to fill the vacancy on the board by the resignation of Luther Cheyne.

Older photograph of a two storey building with gentlemen standing out front
Peel Mutual's Office Building in 1975

Mr. John S. Leslie held the position of Treasurer until the end of the year 1885, and following the Annual Meeting in January of 1886, Mr. D. Kirkwood was appointed Treasurer. He held that position until December 1918. At the January meeting following, Mr. J. J. Stewart assumed the dual office of Secretary/Treasurer.

From that foundation, Peel Mutual Insurance Company has grown to be one of the largest mutual insurance companies in Ontario and is proud to be a member of the Ontario Mutual Insurance Association. The office has always been located in Brampton, Ontario. From its original basis of Peel County, the company has grown to serve a wide area of Central Ontario. Our primary goal has always been to provide financial security through sound insurance products. Our board of directors, today as when we were founded, are policyholders representing your interests. We are proud of our heritage as we progress through this millennium, stronger for you.

Photograph of a modern three storey office building
Peel Mutual's Office Building Today
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“ I am very thankful for all of the attention and assistance I received from your company representative. She was extremely patient with me as I fumbled my way through the claims process. ”

Mike

LOSS PREVENTION TIPS

Insurance and loss prevention go hand in hand. We are owned by our policyholders and our primary goal is to help our policyholders.
Loss prevention is an important part of that help.

Lightning

Lightning

In addition to the rain we receive, and sometimes even the snow, Mother Nature occasionally gives us a light and sound show in the form of lightning and thunder. Each year, lightning strikes cause damage to telephones, television sets, computers and other electronic devices. With more homes acquiring expensive computers and home theatre equipment, lightning is responsible for greater numbers of claims and greater claim values.

You can do something to prevent lightning from damaging your computers, televisions and other high-end electronic equipment. A good quality "power bar" will provide both lightning and surge protection. Surge protection is different than lightning protection. Many power bars provide surge protection but not lightning protection. Be sure to read the information about a product before you buy. Another option is a "UPS" or Uninterruptible Power Supply. In addition to providing both lightning and surge suppression, these devices regulate the power in a brownout or blackout. Your computer equipment may or may not be covered under your insurance policy for damage caused by voltage fluctuation (consult with your Agent or Broker if you're not sure), but your data will not be. A UPS, properly sized for your equipment, will allow you to safely save your data and shut down your computer during a power outage.

If you have electronic equipment you'd like to protect, consult with your local electronic or computer shop for details about power protection devices. A good-quality power bar could cost $30 or $40. Without one, a lightning strike could cost you your deductible - $300 or more.