Low temperatures can impact businesses, causing reduced revenue and increased costs. Arbol's parametric insurance offers customized protection against revenue losses due to low temperatures.
Using PRISM daily minimum temperature data, our coverage makes insureds eligible for loss payments if the lowest daily temperature during the policy period falls below the pre-selected trigger, helping manage financial risks associated with low temperatures.
Lauren is the CEO of a wine production operation in California with many acres of vineyards. Last year her company lost nearly 50% of their revenue when an extreme cold snap caused her vulnerable grapes to freeze before harvest.