APAC

Parametric Insurance for Builder's Weather Risks

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Why is it relevant?

Frequency and severity of extreme weather events are growing every year. These events lead to delays of construction projects, and any of these non-physical losses are not covered in traditional Builders risks policies.

Individual coverages, e.g. additional payroll & rental fees, penalties, loss of gross earnings, admin costs.

How does it work?

Insurance pays out on predefined weather events at the construction site (rain, wind, temperature - hot/cold).

Who is it designed for?

Owners and contractors that are facing financial losses (missed deadlines, penalty fees, revenue losses).

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