Economical Insurance Broker
About Economical Insurance (Economical Select)
Economical Insurance was founded in Berlin (now Kitchener), Ontario in 1871 by a small group of locals who aided their neighbors during economic and agricultural hardships and the company has grown tremendously since its founding.
Today, Economical is one of Canada’s most successful property and casualty insurance providers, offering security and support for its clients and broker partners nationwide, including My Insurance Broker (MIB).
Economical offers a diverse range of personal, business/commercial, farm, and surety insurance plans. The company provides products that meet financial stability requirements while operating an efficient claims process, supported by a professional and reliable 24/7 emergency claims service.
In addition to strong business practices, Economical also has an extensive history of corporate responsibility, spanning over 140 years with annual investments of $1 million in local communities and charitable organizations.
The company also maintains an employee volunteer program dedicated to getting employees more involved by taking two paid days off work per year to volunteer in their community either as a group or individually. In 2015 alone, 458 employees volunteered, culminating in 3,344 hours of their time spent contributing to charitable efforts.
Economical’s business and philanthropic efforts are the reasons My Insurance Broker is proud to be a partner.