APOLLO Launches Digital Trades and Contractors Insurance Product with Definity

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Purchase-online insurance coverage for Trades and Contractors has launched as a brand new product providing from APOLLO Insurance coverage, in partnership with Definity Monetary Company

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VANCOUVER, British Columbia — APOLLO Insurance coverage Options, a number one Canadian digital insurance coverage supplier, has partnered with Definity Monetary Company so as to add protection for Trades and Contractors to APOLLO’s catalog of merchandise. Definity is a Canadian multi-channel insurance coverage firm, which was fashioned in 2021 to ship on the evolving wants of the business.

This product serves APOLLO’s core product vertical of Development and Contractors. APOLLO’s different verticals embrace Dwelling, Tenant, Enterprise and Skilled Providers, and Well being, Magnificence and Wellness.

This new providing of Trades and Contractors Insurance coverage contains Industrial Basic Legal responsibility (CGL) with as much as $5M limits for firms producing $3M or much less in Canadian income. Eligibility courses for the product embrace plumbers, electricians, HVAC, and lots of extra, providing certified companies a Instruments and Tools Floater of as much as $150K, and Tenant Authorized Legal responsibility of as much as $500K. Corporations are additionally coated for as much as three operations beneath the identical enterprise identify, and have the choice of month-to-month or annual funds. As with all APOLLO merchandise, protection is versatile and companies can choose the choices which might be particular to their wants. This product is obtainable in Alberta, British Columbia, Ontario, New Brunswick, Nova Scotia, and Prince Edward Island.

APOLLO’s proprietary know-how platform, the APOLLO Alternate, offers insurance coverage transactions in real-time. It leverages intensive knowledge and complex algorithms to cite, create, ship, and accumulate cost for every coverage. Hundreds of brokerages, small companies, and people are capable of purchase on-line protection with out human intervention.

Insurance coverage brokers can entry all of APOLLO’s digital merchandise on the Dealer Portal by registering without spending a dime. Your entire course of, from quoting to binding protection, to issuing coverage paperwork, is speedy, on-line, and paper-free.

“APOLLO is happy to develop our protection choices to the quickly-growing Trades and Contractors business. It’s our mission to make the insurance coverage shopping for course of easy, in-line with trendy customers’ expectations,” said Jeff McCann, Chief Govt Officer & Co-Founding father of APOLLO. “Definity and APOLLO share a deep dedication to utilizing know-how to ship a seamless insurance coverage expertise, whatever the distribution channel or business.”

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Definity Monetary Company, guardian firm of Economical Insurance coverage Firm, is certainly one of a choose group of authorized Canadian insurance coverage carriers that help APOLLO merchandise via the APOLLO Alternate. In March 2022, APOLLO introduced it had secured a Collection B funding spherical from Definity.

APOLLO has secured important funding from Definity Monetary Company, and signed a strategic partnership with them to distribute an enhanced vary of digital insurance coverage merchandise.

About APOLLO Insurance coverage
APOLLO Insurance coverage (“Apollo Insurance coverage Options Ltd.”) is Canada’s main on-line insurance coverage supplier. Our proprietary platform, the APOLLO Alternate, permits insurance coverage brokers and their prospects to buy their coverage instantly, from anyplace, on any machine, 24/7. Not like conventional paper-based processes, APOLLO leverages intensive knowledge and complex algorithms to cite, accumulate cost, and subject insurance policies for 1000’s of varieties of small companies and people with out human intervention. By means of conventional brokers and embedded finance partnerships, APOLLO is redefining the distribution of insurance coverage.

For extra data, go to: http://apollocover.com

Availability of the APOLLO Alternate and the merchandise described herein are topic to relevant eligibility necessities, together with jurisdiction, and different phrases and situations. Descriptions of the Apollo Alternate and such merchandise contained herein are certified of their entirety by such necessities, phrases, and situations. All rights reserved.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20220314005103/en/

Contacts

David Dyck
VP Advertising and marketing & PR, APOLLO
778-917-9667
david@apollocover.com

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