Low Wind

Protect your wind-dependent business with our low wind parametric insurance solution, mitigating the risks of weak winds

Things you can do

Overview

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.

Available

All 50 U.S. states

Who can benefit

Wind farm operators
Wind turbine manufacturers
Energy storage facilities
Businesses with contractual wind power obligations

How it works

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.

An example structure

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

Context

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.

Contract structure

Client

Wind farm

location

Springfield, Illinois

peril

Wind Gust

full limit recovery

Payouts Based on

Maximum Wind Speed

limit

$100,000

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

41mph

payment per mph

$25,000

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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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.