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If you are worried about the weather – rainfall or temperature – causing you loss of revenue and profits, there is insurance protection that can help.
Parametric Insurance (or also known as Weather Certificates), once the domain of only the large Mining and Construction industries, is available and now protecting Australian Farmers for Temperature and Rainfall covers.
These covers, which can be taken at critical times of the Crop Growing Cycle, are used as part of your overall Risk Management process.
Too little rain.
Too cold.
Too hot.
Too much rain.
As each of the names suggest, each grower can now take one or more of the above covers in combination or individually, which are specific to their own unique and individual exposures.
With 100 Years of BOM Data now available, the specific covers and premiums generated will differ from grower to grower, even in similar regions, due to the history of that specific peril, and how often it has occurred in the past.
General Advice Disclaimer
The information on this website is to be regarded as general advice. Your personal objectives, needs and financial circumstances were not taken into account when preparing this website content. We recommend that you consider the suitability of this general advice, in respect of your objectives, financial situation and needs before acting on it. You should obtain and consider the relevant product disclosure statement and Financial Services Guide from Aviso WA before making any decision to purchase a financial product.
Aviso WA are Subscribers to and are bound by the 2022 Insurance Brokers Code of Practice, a full copy of which is available from the National Insurance Brokers Association (NIBA) website.
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