Whether accumulated rainfall, wind speed or average temperature, there are a wide range of scenarios where a tailored insurance solution can be considered for protection against losses or damages incurred because of adverse, measurable weather conditions.
Fire is a major peril for plantations and vineyards.
Liberty is developing innovative solutions using new technologies, combined with machine learning algorithms and various data sources, to cover bushfire risks utilising market leading satellite technology. Our processing technique enables us to develop an index that reflects the burnt surface post-event.
At a glance
Liberty offers Weather Index products that provide cover predicated upon weather conditions set out in the policy documents. This includes products specifically designed for construction companies, outdoor event operators and forestry plantations.
Be it accumulated rainfall, frost, wind speed, or average temperature, there is a wide range of scenarios where Weather Index Insurance can be considered.
At a glance:
When vineyards and grapes are exposed to smoke this can result in wines with undesirable sensory characteristics, such as smoky, burnt, ashy or medicinal flavours.
Wine grape growers can protect themselves from financial loss if their grapes take on smoke taint caused by a nearby bushfire.
Liberty Specialty Markets offers a dedicated product that draws on satellite imagery to validate the significance of bushfire claims.