Header bg
  • section background

    APOLLO Launches Digital Trades and Contractors Insurance Product with Definity Financial Corporation

    Hero bg 2
    Product Launch Announcement Definity

    Buy-online insurance for Trades and Contractors has launched as a new product offering from APOLLO Insurance

    VANCOUVER, British Columbia — APOLLO Insurance Solutions, a leading Canadian digital insurance provider, has partnered with Definity Financial Corporation (Definity) to add coverage for Trades and Contractors to APOLLO’s catalog of products. Definity is a Canadian multi-channel insurance company, offering commercial insurance through its affiliate Economical.

    This product serves APOLLO’s core product vertical of Construction and Contractors. APOLLO’s other verticals include Home, Tenant, Business and Professional Services, and Health, Beauty and Wellness.

    Related Read: APOLLO launches Condo and Townhouse Insurance

    This new offering of Trades and Contractors Insurance includes Commercial General Liability (CGL) with up to $5M limits for companies generating $3M or less in Canadian revenue. Eligibility classes for the product include plumbers, electricians, HVAC, and many more, offering qualified businesses a Tools and Equipment Floater of up to $150K, and Tenant Legal Liability of up to $500K. Companies are also covered for up to three operations under the same business name, and have the option of monthly or annual payments. As with all APOLLO products, coverage is flexible and businesses can select the options that are specific to their needs. This product is available in Alberta, British Columbia, Ontario, New Brunswick, Nova Scotia, and Prince Edward Island.

    APOLLO’s proprietary technology platform, the APOLLO Exchange, provides insurance transactions in real-time. It leverages extensive data and sophisticated algorithms to quote, create, deliver, and collect payment for each and every policy. Thousands of brokerages, small businesses, and individuals are able to buy online coverage without human intervention.

    Insurance brokers can access all of APOLLO’s digital products on the Broker Portal by registering for free. The entire process, from quoting to binding coverage, to issuing policy documents, is immediate, online, and paper-free.

    “APOLLO is excited to expand our coverage offerings to the quickly-growing Trades and Contractors industry. It’s our mission to make the insurance buying process effortless, in-line with modern consumers’ expectations,” stated Jeff McCann, Chief Executive Officer & Co-Founder of APOLLO. “Definity and APOLLO share a deep commitment to using technology to deliver a seamless insurance experience, regardless of the distribution channel or industry.”

    Economical is one of a select group of approved Canadian insurance carriers that support APOLLO products through the APOLLO Exchange. In March 2022, APOLLO announced it had secured proposed funding from Definity, subject to regulatory approval.

    APOLLO has signed a strategic partnership with Economical to distribute an enhanced range of digital insurance products.

    About APOLLO Insurance

    APOLLO Insurance (“Apollo Insurance Solutions Ltd.”) is Canada’s leading online insurance provider. Our proprietary platform, the APOLLO Exchange, allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect payment, and issue policies for thousands of types of small businesses and individuals without human intervention. Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance.

    For more information, visit: https://apollocover.com

    Availability of the APOLLO Exchange and the products described herein are subject to applicable eligibility requirements, including jurisdiction, and other terms and conditions. Descriptions of the Apollo Exchange and such products contained herein are qualified in their entirety by such requirements, terms, and conditions. All rights reserved.

    For more information, please contact:David DyckVP Marketing & PR, APOLLO778-917-9667david@apollocover.com

    Originally published March 15, 2022, updated August 25, 2023

    Back to APOLLO Magazine
    Share this article

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Get a free quote

    4.6 rating

    Google Logo

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Relevant articles

    section background
    section background

    Getting insured is as easy as 1 - 2 - 3

    Tell us (very little) about yourself
    1

    Tell us (very little) about yourself

    Just tell us your address, your name, email and phone number. And that's it. We'll give you a price in less than a minute.

    Pay online easily and securely
    2

    Pay online easily and securely

    You can choose to pay monthly or save money by paying for the entire year in one easy payment.

    Get your documents in your inbox - instantly
    3

    Get your documents in your inbox - instantly

    As soon as you complete your purchase, you'll find your proof of insurance and policy documents waiting for you in your inbox.

    Get covered today - it couldn’t be easier

    We’ve provided more than 1,000,000 quotes to Canadians just like you. Give it a try!

    Google Logo

    Reviews

    4.6 rating

    1,556 reviews

    view all

    Across Canada

    Contact Us
    Apollo logo

    © 2024 APOLLO Insurance Solutions Ltd.

    111 Water Street, Unit 210, Vancouver, British Columbia, V6B 1A7

    APOLLO Insurance Agency Ltd. (o/a APOLLO Brokerage in the province of Ontario only) is a licensed retail brokerage, offering our clients with a comprehensive set of insurance solutions to meet their individual needs. APOLLO Insurance Agency Ltd. maintains necessary corporate licensing in provinces across Canada. Availability of products and service depends on licensing and product availability. The information that appears on this page is provided for information purposes only. Advertised products and prices are not guaranteed and vary based on insurance provider and/or insurance company's discretion and product availability.

    Transparency and Disclosure: APOLLO Insurance Agency's role is to provide you with exceptional service and the best insurance products that suit your needs. As a licensed retail brokerage, our compensation is based on a commission basis already built into your insurance premium and varies based on the product purchased through our platform. For a description of how APOLLO Insurance Agency is compensated and how this is calculated, please refer to our Compensation Disclosure document. For consumers in Ontario, please review the RIBO Conduct Fact Sheet and the RIBO Conduct Guidance document.