High Wind

Sustain your business despite strong winds with our high-wind parametric insurance solution

Things you can do

Overview

High wind or gusts* can wreak havoc on businesses, leading to revenue loss, expensive repairs, and operational disruptions. Arbol's high wind protection is a tailored parametric insurance solution offering financial protection when wind speeds surpass a chosen trigger during the policy period. Utilizing ERA5 wind gust data, our coverage ensures accurate measurements and reliable support when businesses need it most.

*Non Tropical Cyclone Wind

Available

All 50 U.S. states

Who can benefit

Agricultural businesses (e.g., hops growers)
Construction companies
Energy and utility providers
Outdoor event organizers

How it works

High wind protection coverage can be customized based on location(s), limit of liability, coverage trigger, and policy period. For instance, the pre-selected coverage trigger for a hops grower might be 60 miles per hour. Should wind speeds exceed this threshold, the insured automatically qualifies for a loss payment, assisting with repair, replacement, or lost revenue costs. This financial protection helps businesses stay profitable and operational despite high wind challenges.

An example structure

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

Context

Hops producers are especially exposed to high winds devastating the quantity and quality of their assets. High winds can cause trellises (Framework of poles and wires in which hops are grown on) to fall over. High winds can also cause the hop plants to lean over, a condition known as lodging. Lodging can lead to difficulties in harvesting and reduce the overall quality of the hops, causing a potential loss of revenue to the producer.

Contract structure

Client

Hops producer

location

Yakima Valley, Washington

peril

Wind Gust

full limit recovery

49mph

Payouts Based on

Maximum Wind Speed

limit

$1,000,000

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

limit paid at

payment per mph

$250,000

time period

6/1 - 8/31

Coverage trigger

45mph

data source

National Hurricane Center

Payout profile

Next steps

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

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© 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.