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:
Australia's vine and orchard growers can take up Liberty’s innovative bushfire and hail cover to protect against loss of earnings if their yield is impacted by hail damage or bushfire. Blending both parametric and traditional insurance principles, innovative satellite technology is used to calculate bushfire impact, and physical inspection by a loss adjuster helps calculate loss of yield in the event of hail damage.
Liberty is able to consider vineyards, nuts, olives, citrus, stonefruit and any other tree grown crop. Policies must be in place by the end of September ahead of the Australian summer growing season.
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.
My goal is the same as Liberty's – to provide the best recall solution in the Australian market, and to further tailor this to suit a client's individual needs.
Service, responsive, and flexible define Liberty's Crisis Management team. I enjoy working with brokers to deliver bespoke solutions that are tailored to a client's needs.
