Excess precipitation can pose serious challenges to businesses. Arbol's parametric coverage for excess precipitation offers a customized solution to shield businesses from revenue losses associated with heavy rainfall.
A coverage trigger can be set based on a business’s needs and risk exposure using CPC or PRISM precipitation data. If cumulative rainfall surpasses the threshold during the policy period, the insured automatically becomes eligible for a loss payment, helping to cover costs and maintain profitability despite challenges from excess precipitation.
Grain processors of Des Moines generate revenue when farmers store their products in their grain silos. If farmers have reduced yield due to too much rainfall, the grain processor receives less grain from farmers and incurs costs associated with the reduction in revenue.