Weather Risks

Weather Risks constitute coverage and the guarantee of an indemnity payment to a business entity in the event of adverse weather conditions. Gras Savoye, both in Poland and internationally, specialises in insuring weather risks and is the first Polish broker to offer products of this type.

Industries which most frequently purchase weather insurance include the:

•  power sector
•  food industry
•  construction industry
•  entertainment and tourism sector

Application of weather insurance:

•  sales protection – compensation in the event of a decrease in turnover due to weather conditions
•  turnover increase – promotional campaigns based on a weather derivative
•  costs limitation – compensation of additional costs incurred related to weather conditions