Company Research Report: Cowan Insurance Group
Company Overview
Name: Cowan Insurance Group
Mission of the company:
To be the most trusted advisor by providing customized products and services to protect our clients’ assets and employees into the future while remaining independent and Canadian-owned.
Founding Details:
Cowan Insurance Group has been providing insurance services since 1927. No specific individual founder mentioned.
Key People in the company:
- Heather McLachlin, President of Cowan Insurance Group
Headquarters:
705 Fountain Street North, Cambridge, ON, Canada
Number of Employees:
600+ employees across Canada
Revenue:
No information is available
Company Recognition:
- Recognized as one of Canada’s Best Managed Companies with Platinum Club Status from 2019-2022
- Awarded the Canada’s Most Admired Corporate Cultures in 2015, 2018, and 2021
- Honored with the Readers’ Choice Award Platinum in 2022 for Best Insurance Brokerage
Products
Personal Insurance
- Car Insurance: Comprehensive coverage options for cars, vans, trucks, motorcycles, snowmobiles, ATVs, motor homes, boats, antiques, and classic autos.
- Home & Property Insurance: Insurance for homeowners, renters, condo and cottage owners, including group home insurance and flood protection.
- Life Insurance & Living Benefits: Products to protect families at home and on holidays from illness, accidents, and unexpected trouble.
- Pet Insurance: Partnered with Petsecure to offer discounted plans for existing Cowan clients.
- Travel Insurance: Coverage for travels to protect against medical emergencies and trip interruptions.
Business Insurance
- Commercial Property Insurance: Protection for buildings, equipment, and stock from risks like water or fire damage, break-ins, and vandalism.
- Liability Insurance: Protection for business from risks like slip & falls, privacy breaches, environmental liability, and product/service-related injuries.
- Trade Credit Insurance: Coverage for accounts receivables in case of non-payment by customers.
- Commercial Auto Insurance: Insurance for business vehicles against accidents and theft.
- Cyber Risk Insurance: Protections against cybersecurity threats like hacking, privacy breaches, ransomware, and extortion.
- Surety Bonds: Guaranteeing obligations will be met.
- Errors and Omissions (E&O): Insurance for professional liability.
Group Benefits
- Consulting: Assessments to determine the best group benefits plans for organizations.
- Third Party Administration & Claims Payment: Management services for benefits administration and claims processing.
- Health and Disability Management: Reduces disability costs, maximizes attendance, productivity, and well-being.
- International Benefits Solutions: Customized plans for international employees and students in Canada.
- Retirement Consulting: Strategic advice for pension plans, group RRSPs, TFSAs, and more.
Specialized Programs
- TechLife®: Scalable solutions for tech startups providing tiered, customizable insurance.
- Castle Building Centres Group Insurance: Reduced rates on home and auto insurance for members.
- Ontario Nonprofit Network: Tailored solutions for nonprofits and charities.
Recent Developments
- Fundraising and Donations: In 2023, raised $140,000 for Homewood Research Institute at the Annual Cowan Charity Classic.
- Accolades: Maintained Canada's Best Managed Companies Status for twelve consecutive years as of May 2024.
- Community Engagement: Donations exceeding $2.5M annually through The Cowan Foundation, supporting various local charities and initiatives.
- Office Renovations: Announced in September 2023, renovations for the Ottawa office reception area.
- Amalgamation of Offices: In April 2023, Cowan Stratford office was amalgamated with the Woodstock office.
Contact Information
Mailing Address:
705 Fountain Street North, PO Box 1510, Cambridge, ON, CA, N1R 5T2
Courier Address:
705 Fountain Street North, Cambridge, ON, CA, N3H 4R7
Toll Free:
1-866-912-6926
