Low wind conditions can hinder wind-dependent businesses, causing reduced output and revenue loss. Arbol offers low wind protection, a tailored parametric insurance solution that safeguards businesses against revenue losses when wind speeds drop below a chosen trigger during the policy period.
All 50 U.S. states
Low wind protection coverage can be customized based on location(s), limit of liability, coverage trigger, policy period, and data source. For example, a wind farm operator’s policy may provide for a payout if the average wind speed during the policy period is below 30 miles per hour. If the average wind speed is below the threshold, the insured automatically qualifies for a loss payment, offsetting costs related to revenue loss or low-wind penalties. This financial protection helps businesses stay profitable and operational despite low wind challenges.
A wind power generator is at risk of extremely low power generation due to an abnormal drop in wind speed over a prolonged period of time. This time period of low power generation can cause significant drops in revenue for the business.