High temperatures can affect businesses, leading to reduced revenue and increased expenses. Our parametric insurance offers tailored protection against revenue losses caused by high temperatures.
Using PRISM daily maximum temperature data, our coverage makes insureds eligible for loss payments if the highest daily temperature during the policy period exceeds the pre-selected trigger, helping manage financial risks associated with high temperatures.
Organizers of open air markets that operate outdoors may face challenges during hot weather. Both vendors and shoppers may be deterred from attending the market, or the local authorities may force a closure if a heat wave is too dangerous for prolonged outdoor exposure.