Special Weather Products: ACE Spin Down

Hurricane Spin Down Insurance for Chemical Plants, Refineries and Related Industries.

Almost every year a hurricane threatens some part of the United States coastline. Just the threat of a hurricane requires many factory managers to institute production shutdown procedures as a precautionary measure to protect life and property. ACE Spin Down policy can be used to defray the lost business income and hurricane emergency-related extra expenses resulting from the spin-down and spin-up of operations.

The coverage is pegged to catastrophe management protocols based on forecast probabilities of approaching hurricanes. The policy will be triggered if the probability of a hurricane, as forecasted by the National Hurricane Center’s Tropical Prediction Center, breaches a pre-agreed threshold.

Potential Customer Profile
Potential customers include: processing businesses located in coastal areas such as North and South Carolina, Virginia, Georgia, Alabama, Mississippi, Louisiana, Texas and Florida: chemical and plastic plants, refineries, oil drilling platforms, power plants and any continuous process manufacturing facility.

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