VANCOUVER, British Columbia–(BUSINESS WIRE)–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 shaped in 2021 to ship on the evolving wants of the trade.
This product serves APOLLO’s core product vertical of Development and Contractors. APOLLO’s different verticals embody Dwelling, Tenant, Enterprise and Skilled Companies, and Well being, Magnificence and Wellness.
This new providing of Trades and Contractors Insurance coverage contains Industrial Common Legal responsibility (CGL) with as much as $5M limits for firms producing $3M or much less in Canadian income. Eligibility courses for the product embody plumbers, electricians, HVAC, and plenty 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. Firms are additionally lined for as much as three operations underneath the identical enterprise title, 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 can be particular to their wants. This product is accessible in Alberta, British Columbia, Ontario, New Brunswick, Nova Scotia, and Prince Edward Island.
APOLLO’s proprietary know-how platform, the APOLLO Trade, offers insurance coverage transactions in real-time. It leverages in depth knowledge and complex algorithms to cite, create, ship, and gather cost for every coverage. Hundreds of brokerages, small companies, and people are in a position to 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 at no cost. Your entire course of, from quoting to binding protection, to issuing coverage paperwork, is speedy, on-line, and paper-free.
“APOLLO is happy to increase our protection choices to the quickly-growing Trades and Contractors trade. It’s our mission to make the insurance coverage shopping for course of easy, in-line with trendy shoppers’ expectations,” acknowledged 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 trade.”
Definity Monetary Company, mother or father firm of Economical Insurance coverage Firm, is one among a choose group of accredited Canadian insurance coverage carriers that help APOLLO merchandise by way of the APOLLO Trade. 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 Trade, permits insurance coverage brokers and their prospects to buy their coverage instantly, from wherever, on any system, 24/7. Not like conventional paper-based processes, APOLLO leverages in depth knowledge and complex algorithms to cite, gather cost, and problem insurance policies for hundreds of forms of small companies and people with out human intervention. Via 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 Trade and the merchandise described herein are topic to relevant eligibility necessities, together with jurisdiction, and different phrases and circumstances. Descriptions of the Apollo Trade and such merchandise contained herein are certified of their entirety by such necessities, phrases, and circumstances. All rights reserved.