About Economical Insurance
ARMOUR INSURANCE is proud to represent Economical Insurance which is one of the largest property and casualty ("P&C") insurance companies in Canada. Economical has more than 2,600 employees who are committed to providing quality home, automobile and commercial insurance products to over one million policyholders across Canada.
Economical is Canadian owned and operated providing a wide range of personal and commercial insurance products to Armour customers. Economical's head office is located in Waterloo, Ontario, with 17 branches and member companies providing service to policyholders and brokers.
The financial stability of Economical is demonstrated by assets of over $4.6 billion. Economical Insurance is comprised of:
- Economical Mutual Insurance Company, including the Western General Division;
- Economical Select,
- Perth Insurance Company,
- Federation Insurance Company of Canada,
- Economical Financial Inc., including Family Insurance Solutions Inc. and The Mattei Companies.
In 2010, Economical made history by announcing its decision to become the first federally-regulated mutual property and casualty insurance company to demutualize. The federal government is reviewing this request and the impact this will have on the Canadian Insurance marketplace and other mutual insurance companies. More information on demutualization is available on the Government of Canada website.
Economical is one of several large insurers that Armour represents. Economical offers a wide range of personal, commercial, farm and surety products that meet many of our customer’s needs. . Whether you're looking to insure your home, automobile, or business, Armour looks to find the best options that meet your needs.
Economical offers a number of products to Protect your business. Whether you are looking to insure your building, its contents, business vehicles, business interruption, crime, liability, or surety - we have many offerings available from Economical to find the right fit
Economical’s innovative EXPRESS products for conventional small business operations, offers exceptional coverage, quick quoting and no hassle policy completion.
The EXPERT® product offers tailored coverage to meet specific business needs in a number of industries and businesses
Group or associations
Economical select’s underwriting team works with Armour Insurance to develop the right coverage for your group or association
Economical offers commercial automobile insurance for fleets, individually-rated automobiles. Armour finds the market that best fits your business.
Armour works with Western General to offer unique products specifically designed for you and your farm operations.
Armour can look after your Surety needs. Economical provides an assortment of surety bonds that will fit your needs.