.jpg)
Sompo International Holdings has announced that it now offers a new suite of weather-driven risk management products suited for the real estate and hospitality sectors.
According to a release, the products will provide coverage for loss of revenue “from variations in weather variables.” Each product can be customized to suit the risk exposures of an individual client and the coverage can be structured as a standalone solution or can be a supplement to an existing program to provide a deductible buy-down, which can considerably reduce or eliminate the deductible if a catastrophic event (such as a hurricane) occurs. Alternatively, it can be used to provide coverage for hotel cancellations or other similar business interruption costs.
Contracts are indexed…
