Nicol Insurance Today

Nicol Insurance Inc. is a professional organization dedicated to providing insurance solutions made available to our clientele at competitive pricing. Our firm is registered as a licensed insurance broker with the Registered Insurance Brokers of Ontario (RIBO). We act in the capacity of intermediary between the consumer (the buyer of insurance) and the insurer (insurance company accepting the risk), and as a result, earn commissions and/or fees payable by the insurer or client for providing this service.

We specialize in providing personal and commercial lines of property and casualty insurance.

With a history of providing outstanding service and assistance to our customers, we have established a base of customer referrals as a major source of our business. In addition, our insurance companies with whom we conduct business recognize our efforts beyond just selling their products. As a result Nicol Insurance is both recognized and distinguished as a top performer with our clients and companies.

As we approach the future, our success will continue to depend on our combined efforts to provide our clients with service, technical competence and to maintain the highest level of integrity and professionalism. Fulfilling these objectives requires commitment on the part of each of us.

What Our Clients Think

When tragedy struck our business, we were helpless. All we could do was sit on the side of the road and watch everything we worked very hard to build for years burn to the ground. A major loss like this is extremely stressful, we didn’t know what was going to happen to our business or our family and working with adjusters from our insurance company was confusing and frustrating at times. Luckily, our broker, Nicol Insurance helped us navigate through the claims process, they supported us, helped us understand what we needed to provide to the insurance company, and even traveled to meetings out of town with us  to help make sense of what the insurer was offering when settling the claim.

We were sold a policy on the promise that the true value of a broker shows when tragedy hits and I am happy to say that Nicol Insurance kept their promise and showed their true value to us when we needed them most.

Steve & Lynne JobinSteve Jobin & Son Truck CentreSteve Jobin & Sons Truck Centre

Not being familiar with business insurance we were referred to Nicol Insurance by business relations. Nicol Insurance guided and advised us with their knowledge in a very professional manner. They act and reply instantly on our questions and requests. We are very please with the service Nicol Insurance provides to our business. Because of their professionalism and proficiency we moved our personal insurance package to them as well.

Lieselot Nusslder-SauerKen Reay Transport Inc.

It is a pleasure for me to recommend Nicol Insurance, a local family business in which a clear vision has produced dynamic growth. We have done business with each other for decades. While our radio stations have played a significant role in their dramatic growth, I know that the main key to success is their way of doing business. Our Insurance needs more or less test the limits. We have many broadcast towers, transmitter and studio locations and also need to protect against errors and omissions. I have always found our best value with Nicol Insurance. We have both seen good and bad times through it all; I have always been able to count on the integrity of Bob Nicol and his outstanding staff. I would be pleased to provide more specifics on the advantages we have found insuring with Nicol Insurance

Ross KentnerGeneral Manager, Bayshore BroadcastingBayshore Broadcasting News Centre

Our relationship with Nicol Insurance is relatively short but we are 100% satisfied in our dealings with our representative as she has shopped around to satisfy us and has taken the time to explain coverage’s so we have a better understanding of our program. Thank you for the excellent service…We look forward to a long relationship with you company

Steve CiglenOwner, Ciggies Custom Woodworking

As a client of Nicol Insurance we have enjoyed continued reliable advice and service. Competitive pricing and a no nonsense approach to our needs is what has separated this company from our past brokerage. This is a brokerage that makes their main focus making insurance stress free and thoroughly evaluates our coverage’s, explaining in understandable terms. During the aftermath of the Goderich tornado, Nicol Insurance was dependable ensuring all our losses were covered and deductibles were minimal. I totally recommend Nicol Insurance for any business wanting to fine tune their insurance. THEY GET IT

Lillian GardinerGardiners Milk Transport Ltd.

I have recently started working with Nicol Insurance and am extremely happy with both the customer service and competitive pricing I have received. The relationship I have built with my representatives leaves me confident my needs are being looked after. I look forward to doing more business with Nicol Insurance in to the future.

Ed ZantingeSLV Solutions

Nicol Insurance brings us well thought-out and cost-effective solutions which fit the insurance needs of our business, both in plan design and funding arrangements.

Donald Taylor, Vice-President, Finance & AdministrationSpec FurnitureSpec Funiture

We have had the pleasure of dealing with Nicol Insurance since 2004.  We came to deal with Nicol Insurance when we were approached about quoting on our insurance needs.  With their help we were able to reduce our insurance premium cost by over 50%.  All of our businesses now use only Nicol Insurance for our insurance needs.  The service that we receive from the entire staff has been and continues to be outstanding.

Ed Stengel, PresidentVectacorVectacor

I have been a client of Nicol insurance both as a business owner and privately for almost 30 years.  I make a point of managing my risk, and feel that my track record is recognized by Nicol Insurance and the insurance company they represent that underwrite that risk. There are always hiccups with the detail on various policies, it is dynamic and always changing, so I demand the attention of the broker to inform me of what is going on.  The staff at Nicol have always been available, approachable and quick to respond over the past 30 years.  Doing business with a locally owned business benefits us all.  Recently, I tested the market place for other insurance quotes to test complacency and find out what the competition may have to offer.  The other quotes came back substantially higher than the Nicol quote so I have resigned.

Pete Risi, Resident of Georgian BluffsOwner Parker Phamacy

Company History

  • 2013: Carruthers Nicol becomes Nicol Insurance

    We’ve changed our name to Nicol Insurance because it more accurately represents our current leadership team.

  • 2002: Owen Sound Offices Merge

    We merged our previous 2 Owen Sound locations into our present day location located in the downtown core of Owen Sound.

  • 2001: Carruthers Nicol Opens in Kincardine

    Our Kincardine office opened with the purchase of MacKenzie Nicol Insurance Brokers.

  • 2000: Carruthers & Nicol Merge

    Carruthers Insurance and Nicol Insurance merged to form Carruthers Nicol Insurance & Investments.

  • 1987: Port Elgin Office Opened

    Carruthers Insurance opened a Port Elgin office with the acquisition of Mather & Vincent Insurance Brokers. In 1989 grew again with the purchase of H E Janke Insurance Brokers book of business.

  • 1978: Nicol Insurance Founded

    Nicol Insurance was founded by Robert F. Nicol (Bob Jr.) and run under the direction of Bob Jr. and Bob Sr. in Wiarton and Owen Sound. In 1981 Nicol Insurance expanded to the Port Elgin area.

  • 1950: Carruthers Insurance Founded

    Carruthers Insurance Brokers was founded in Owen Sound by C.H. “Joe” Carruthers.