Critical Day Protection

Text on beige background that reads 'Heat Day Cover - Payout for Excess Heat Days' alongside a gradient of orange to yellow circular icons on the right.

DESCRIPTION

A heat day is defined as a day in which the daily maximum temperature (T-max) is above the defined threshold temperature.
If the trigger number of heat days is exceeded,

the policy holder will receive a fixed amount for each additional heat day up to the cover limit.

EXAMPLE

Text discussing cover period from July to August, threshold temperature of 100°F, heat day criteria, trigger conditions, payout per heat day, cover limit, and reporting requirements for independent data provider.

APPLICATIONS

Agriculture, construction, events and other industries where losses per critical day are constant.

PAYOUT PROFILE

A stepwise graph showing how payout increases with the number of heat days, with the payout starting near zero at a low number of heat days and reaching a limit at a higher number of heat days, with trigger point at the lowest heat days.
A table showing daily maximum temperatures in Fahrenheit, heat days, and cumulative heat days from July 25 to August 7.

Payout calculation: (8 cumulative heat days – 2 trigger heat days) * USD 10,000 payout per heat day = USD 60,000

Excess Degree Protection

Graphic with text 'Heat Degree Cover — Payout for Excess Heat Degrees' and a vertical gradient of circles ranging from red to white on the right.

DESCRIPTION

Daily heat degrees are calculated as the difference between the threshold temperature and the daily maximum temperature (T-max), where T-max is above the threshold temperature.
If the trigger number of heat degrees is exceeded, the policy holder will receive a fixed amount for each additional heat degree up to the cover limit.

EXAMPLE

Text outlining specifications for an industry heat threshold: cover period June - October, threshold temperature 100°F, heat degree calculation if T-max exceeds threshold, trigger at 15 heat degrees, payout of USD 10,000 per heat degree, cover limit USD 1 million, and reporting requirements during cover period.

APPLICATIONS

Agriculture, construction, services, and other industries where the intensity of a heat event generates losses which increase as temperature deviates from the threshold.

PAYOUT PROFILE

A line graph showing the relationship between the number of heat degrees and payout, with a trigger point at a low heat degree, rising to a payout limit at higher heat degrees.
Temperature and heat degree data from July 25 to August 7, displayed in a table with columns for each date, showing maximum temperatures in Fahrenheit and heat degrees, with cumulative heat degrees increasing over time.

Payout calculation: (33 cumulative heat degrees – 15 trigger heat degrees) * USD 10,000 payout per heat degree = USD 180,000