INSURANCE AGAINST NATURAL DISASTERS
In the past years, there was a heap of international reports on extreme weather conditions and natural disasters like for example floods, tsunamis, earthquakes, volcanic eruptions, avalanche etc. Common property – and business interruption insurance usually only cover parts of the damage. In case your industry or your geographical location are subject to a particularly high or very specific disaster risk, it can get very hard to underwrite the risk. We evaluate your specific risk situation and, given our exclusive access to the international insurance market Lloyd’s of London, provide you with a bespoke coverage for natural disasters.
Your success strongly depends on weather conditions? We are glad to provide comprehensive protection in the form of a suitable weather insurance.
TYPICAL EXAMPLES OF DAMAGE
A flood reaches a company site and keeps it under water for weeks. Therefore, an entire region cannot be supplied and deliveries to merchants take place from other sites. These proceedings lead to higher costs like e.g. for overtime. Additionally, the damage caused by the flood amounts to over 150,000 euros.
An avalanche destroys several lifts and company sites of a ski lift operator. The entire area has to be closed for several weeks during high season. The damage plus the loss in revenue amount to several million euros.
A tsunami destroys company owned merchant ships in East Asia. The entirety of goods is lost.
Cover for all property damage caused by the natural disaster
Compensation for loss in revenue
Assumption of all ongoing costs like salaries, rent, etc.
YOUR CONTACT:
ROLAND PEDAK
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