commercial general liability (CGL) limits of up to $5 million as well as content coverage of up to $50,000. Residential and commercial properties such as a lot/land, a building, or a condo unit are all eligible. A 20% commission is paid to brokers. Brokers can give their consumers a monthly or annual payment option, much like many other products listed on the Exchange. The whole procedure, from quoting to binding coverage and delivering policy paperwork, is instantaneous, digital, and paperless for every APOLLO Exchange product.
Marco Andolfatto, APOLLO’s Chief Underwriting Officer, expressed delight over the new initiative. He said, “We are delighted to announce our Vacant Property Liability product. As we continue to enhance our digital shelf of products here at APOLLO, our new Vacant Property Liability policy is an exceptional product as it allows our broker partners to immediately serve those clients engaged in common activities such as purchasing land for future development or investment condominiums.”
Apollo Insurance Solutions is one of the top online insurance companies in Canada. The APOLLO Exchange, the company’s unique platform, enables insurance brokers and their clients to buy policies instantly, from anywhere, on any device, at any time round the clock. APOLLO uses enormous data and advanced algorithms to quote, collect money, and issue insurance for thousands of various types of small companies and people without the need for human interaction. APOLLO is reinventing insurance distribution through traditional agents and integrated financial collaborations.
