Excess Snowfall Critical Days

Stay resilient during critical snow days with our excess snowfall-critical days parametric coverage

Things you can do

Overview

Excess snowfall and critical snow days can lead to operational challenges and revenue shortfalls. Arbol's excess snowfall critical days coverage provides tailored protection against revenue losses when snow days exceed a pre-selected threshold.

Available

All 50 U.S. states

Who can benefit

Construction companies
Educational institutions
Retail businesses
Transportation and logistics companies
Event organizers

How it works

Using ERA5 snowfall data, a threshold can be set based on the amount of snowfall in a day and a trigger for the number of days to protect against can be chosen. If the number of snow days above the threshold surpasses the trigger, the insured automatically becomes eligible for a loss payment, covering costs and maintaining profitability despite excess snowfall challenges.

An example structure

For informational purposes only. Actual coverage may vary by carrier.

Context

An event organizer is looking for loss of revenue protection for their regional club basketball tournament. The organizer knows that the venue has been closed due to snowfall in the past and will need revenue protection if the event has to be canceled or postponed by two or more days.

Contract structure

Client

Event organizer

location

Boston, Massachusetts

peril

Excess Snowfall

full limit recovery

5 days

Payouts Based on

Cumulative number of days snowfall is greater than the threshold

limit

$300,000

payout table example

x% for Cat 3 within 30 miles

y% for Cat 4 within 20 miles

z% for Cat 5 within 10 miles

Daily threshold

2 inches

limit paid at

payment per critical day

$100,000

time period

10/1 - 1/31

Coverage trigger

2 days

data source

National Hurricane Center

Payout profile

Next steps

If you're an agent, you can request a premium indication

Get started

If you have a question?

© 2023 Arbol Inc. All rights reserved.

Climate Risk Insurance Solutions LLC, doing business as Arbol Insurance Services, and operating in New York under the name Arbol Insurance Services LLC (“Arbol” or “AIS”) is licensed as a property casualty and surplus lines insurance agency in all states in which insurance is offered and such licenses are necessary to offer this insurance. All descriptions or highlights of the insurance being provided are for general information purposes only, do not address state-specific notice or other requirements, and do not amend, alter, or modify the actual terms or conditions of an insurance policy. Availability and qualification for coverage, terms, rates and discounts may vary by jurisdiction. Our state license numbers can be found here. AIS does not solicit from the public. Any carrier ratings contained herein are as of 7.18.23. A.M. Best ratings are under continual review and subject to change. Current ratings can be found at www.ambest.com.