Auto Insurance Changes

owen sound car accident

Automobile Insurance is changing in Ontario. Effective June 1, 2016, changes to the Accident Benefits portion of the policy are coming. To learn more, check out this short video and then call your Account Manager to discuss how these changes will affect you!

Nicol Insurance Challenges Local Business Donate to United Way

(Story as published in the SunTimes)

Kristy Nicol says it “breaks her heart” to hear stories of people in the community being without hydro or heat this winter.

“I think about my own children and what it would be like trying to find a way to make it so they can sleep at night,” the vice-president of client services at Nicol Insurance said Wednesday in an interview.

So after learning the United Way of Bruce Grey’s utility assistance fund had run out of money, Nicol and her colleagues decided to do something to help.

The company has made a donation to the fund, while issuing a challenge to other local businesses to contribute $100.

“I think all of us are hoping that the community recognizes that there are people in our area that are struggling and as a community, as a business community, we have a responsibility to those people to make sure that they’re looked after,” she said.

“We live and work in the same community as them, their kids play sports with our kids and they help us to pay our bills; they buy from us and support us. So we need to help them. When people are in need, we need to help them.”

Nicol issued the $100 challenge on Facebook and staff at the company are also mentioning it to their clients.

So far, companies like Dr. Cobbler, Barebirch and others have accepted the challenge.

Bob Nicol, president and CEO of Nicol Insurance, said he would also like to see individuals match the $100 donation, if they are financially able to do so.

“We hope to bring awareness to this issue as well,” he said.

By the end of October, all of the United Way’s utility assistance funds had dried up.

Thirty-three families are currently on a waiting list for the agency’s community fund, which helps people purchase wood, oil and propane to heat their homes. The value of the requests is about $18,500. Money for that fund comes only from donations.

The United Way has also run out of the 2014 funds to help people in arrears with Union Gas, Hydro One and Westario Power.

There are also waiting lists for each of those funds. The money comes from the utility companies themselves, which are mandated by the Ontario Energy Board to provide a small chunk of their revenue to fund utility assistance programs throughout the province. Qualifying customers can receive up to $500 per utility per calendar year.

So far this year, the local United Way has processed $304,000 worth of applications for utility assistance.

Thanks to our staff for getting the word out and for our clients & others businesses in our communities for getting involved!  There is still time to donate!


Battle in the Saddle 2013

We at Nicol Insurance are part of the Communities of Grey and Bruce Counties and as such want to help and give back to the communities we live in. So on October 26, 2013 we will be participating in Battle in the Saddle’s 10 hour stationary cycling challenge in Owen Sound. If you are able, please help us raise funds for this worthwhile cause. Join us on the 26th and cheer us on during our biking endeavors.

The money raised from this event helps fund leading-edge cancer research that is improving cancer treatments, preventing cancer and saving lives; provide reliable and up-to-date information on cancer, risk reduction and treatment; offer vital community-based support services for people living with cancer and their families; and advocate for healthy public policies.

Join us in the fight against women’s cancers at

Changes to Your Auto Insurance Rates

From the Insurance Brokers Association of Ontario: On August 23, 2013, Charles Sousa, Minister of Finance, Ontario, announced a targeted 15 per cent average rate reduction on Ontario auto insurance premiums.  The reductions are targeted to take place over a two year period – with an average of eight per cent reduction by August 2014 and the remaining seven per cent the following year.

Click here to read the IBAO’s release.

If you have questions regarding your auto insurance premiums please contact your broker.

Our name is changing

We are in the process of changing our name from Carruthers Nicol Insurance Inc. to “Nicol Insurance”.

Since the merger of two successful businesses nearly 13 years ago, our corporate culture has evolved and we’re pleased to advise that most of our clients in the past are still valued clients today.

We’re proud of our heritage dating back to 1950, and we’re equally as focused on the current and future leadership of our company. In fact, we are of the view that the timing is appropriate to change our name to reflect the crucial role of the next generation of the Nicol family already engaged in the business for a number of years now.

The company name is changing but it’s all the same people that you’re accustomed to dealing with. Truly, in all respects, it’s simply “business as usual”!

$20,000 Raised at Spike it Rich!

Tim was one of the top individual fundraisers

On Saturday we took on 14 teams at the Spike it Rich volleyball tournament in support of Camp Presqu’ile! We won some, we lost some, but most importantly we had a great time! AND we were one of the TOP fundraisers, contributing over $2300 to the total $20,000 raised!

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Congratulations to our team, from left to right: Adam, Tim, Sophia, Emily, Kim, and Terri. Not pictured: Sue Lambkin and Rob Cordell. And a special congratulations to Tim (pictured here with David Lawson) who was one of Spike it Rich’s top individual fundraisers (and one of our best servers)!

Shaking It With the Bipper

For spring it’s been quite cold. We’ve been looking forward to the sun, but this prolonged winter has had us in a rut. That is, until the IBAO mascot The Bipper stopped by our office to brighten an otherwise cold and dull spring morning!

Check out what happened when The Bipper stopped by for a visit.

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