What’s the Mutual Advantage? Hover your cursor over each box below to see five simple reasons the Mutual Advantage can work for you.

Long, Rich History

Historically, people worked together by pooling resources to protect each other. The concept, and basis for mutual insurance, remains as relevant today as it did then—and we are proud to continue the tradition.

Regional Philosophy

By remaining regionally focused, we are able to gain an extensive understanding of the people and the communities in which we insure. Our focus allows for stronger underwriting and insurance products which suit the needs of our members.

Protect Not Profit

Because we operate without the pressures of shareholders looking for quarterly returns, we only retain enough profits as required to support growth. Then, guided by our heritage and commitment to members through our shared purpose and mutual values, we return excess premiums to our membership.

Community Commitment

We are invested in our members and are committed to making people our priority. Through annual donations, bursaries, scholarships, and charitable events, Mutual Fire Insurance is proud to give back to our communities.

Experts in Our Field

With over a century of experience, we have become experts in the agricultural sector. We utilize past experience to create innovative solutions, giving you the confidence we understand your unique insurance needs.

Member Benefits

As a dual policyholder structured mutual insurance company, you can choose to become a member for a $15 annual fee. Ask your insurance broker about MemberPROTECT® and enjoy the benefits of membership on your insurance policy:

  • Receive a premium discount, if so declared by the Board of Directors, after the first complete year of your membership
  • Attend the Annual General Meeting and any Special Meetings
  • Receive voting rights on resolutions that affect the company
  • Nominate or accept a nomination to become a Director on the Board

Questions About Membership

I have paid $15.00 for my membership fee, but what happens if I have more than one policy?

Any premium refund will be based on the total combined earned premiums of all your Mutual Fire Insurance policies for that year. In the event more than one company is providing your insurance and the policy is issued by Mutual Fire Insurance, any refund will be based on the Mutual Fire Insurance portion of your premiums only.

How do you calculate the amount of premium discount returned to a member?

Each member’s proportionate share (%) of the total amount of member premiums, will equate to their proportionate share (%) of the premium future discount pool.

How long do I have to be a member to qualify for a discount?

The member must have a premium note (your membership fee) in place for one year prior to the fiscal year-end to be eligible for a premium discount. The membership must be continuous and must have been in effect on the last day of the fiscal year.

I am a member, how do I become a Director on the Mutual Fire Insurance Board?

A fellow member must put forward a nomination for you to be a Director, which will then be considered and voted on at the Annual General Meeting (AGM).

I live outside British Columbia, but I am a member, am I still eligible to be a Director on the Board?

Yes, you can be on the Board if you are currently a member and live outside British Columbia. Mutual Fire Insurance can utilize video conference for all Board meetings with Directors who are unable to attend in person. As a Director, you must be able to meet all duties and requirements, such as reviewing company finances and investments, working with regulators, and understanding insurance concepts.

If I am unable to attend the AGM, can I still vote on resolutions?

Yes, eligible members can vote by proxy.

If I have more than one member policy, am I entitled to more than one vote?

The member is allowed one vote no matter how many active Mutual Fire Insurance policies or Member Premium Notes are held.