Parametric Insurance for Sydney businesses

How can businesses in Sydney have peace of mind in these uncertain times? The answer is simple: through Parametric Insurance. With Parametric Insurance, businesses in Sydney will receive pre-determined payouts from weather risks and natural catastrophes - even without suffering any losses.

We are award-winning, AFS licensed business insurance brokers with a depth of experience in helping Australian companies make the most of their cover. Call us on 1300 400 707 or fill in the form to speak to an experienced Parametric Insurance specialist.

Southeastern Australia has always been prone to natural disasters. In fact, the country’s top five most expensive natural disasters have happened in this part of the country, including the 1999 hailstorms in Sydney and the 2019/2020 Black Summer that affected New South Wales along with other parts of the country. Furthermore, research suggests that more frequent and intense natural disasters fuelled by climate change are forecast to cost New South Wales between $15.8 and $17.2 billion a year by 2061. This will be more than three times the current damage bill from weather-related destruction that the Australian state faces. 

Crucial Insurance is a multi-award winning Parametric Insurance specialist

niba award
2021 Advisr business insurance broker top thought leader award
2020 top insurance broker medal given by Advisr
QLD 2020 top insurance broker medal
2020 top thought leader medal from Advisr
2020 top specialist insurance broker
2020 top insurance broker rated by customers award medal

Parametric Insurance lets you obtain coverage for all natural catastrophic perils, across all trade sectors and geographies, irrespective of whether they have received losses or not. Enquire now to discover how Parametric Insurance can work for your business in Sydney.

sydney parametric insurance

What is Parametric Insurance for Sydney businesses?

Essentially, Parametric Insurance is an index-based solution that works as a guaranteed payment received by you should certain events, such as a natural disaster, occur.

Unlike traditional insurance solutions that will only pay you if losses occur, Parametric Insurance payouts are triggered by specific events, such as floods.

These events must be objective, independently verifiable and transparent. A simplified example of this is if there is a major flood event, your business could be entitled to a guaranteed X amount of dollars given that specific conditions are met (such as flood levels reaching a specified depth within a certain geographic area).

Parametric Insurance can be useful if your business is highly dependent on plant, products and equipment, such as:



Telecommunications providers

Property developments

Farms and High-Value Agriculture

Hotels and accommodation



Car and automotive dealerships

Storage companies

Food and beverage storefronts and warehouses

Shopping centres


Storage companies

Tourist destinations

And more

This is not an extensive list. Please contact us to see if Parametric Insurance is right for your Brisbane business.

Through Parametric Insurance, our clients are able to bypass the complexities of the investigation process when making claims. Parametric Insurance can give you peace of mind through guaranteed and efficient payouts.

How does Parametric Insurance work?

As an index-based solution, Parametric Insurance only provides coverage if certain events are met. These ‘events’ are based on a measurement agreed upon between you and the insurer.

For example, in the case of a flood, you can only receive your payout if the flood reaches a certain measurement of depth, or in the case of a cyclone, the cyclone has to fall from a maximum distance from your Insured location.

Thanks to constant improvements in technology and AI, the data used to determine events allows for more accurate pricing and bespoke solutions for Sydney business clients.

Benefits of Parametric Insurance for Brisbane businesses

Flexible limits and deductibles

  • Possible to cover risks anywhere in Australia, no matter your industry

Policy tailored to your precise exposures and mitigation measures

Completely objective: no subjectivity of complex investigation processes

Transparent and efficient payout process

Insurance payouts given regardless of losses

Payouts are pre-agreed

What does Parametric Insurance cover?

As stated, Parametric Insurance provides coverage for all natural catastrophic perils, across all trade sectors and geographies.

For example, natural disasters and catastrophes could include:

parametric insurance brisbane specialist

For example, natural disasters and catastrophes could include:




Wind/solar yield downtime



Construction delays

And more

Parametric Insurance can address key exposures faced by major weather events including:

Power interruptions

Loss of tourism revenue

Loss of supplies

Property damage

Smoke taint

Business interruption

Loss of tasting room and wine subscription (vineyards)

Loss of carbon credit inventory

Plant and equipment damage

This is far from a comprehensive list. Please contact us to discuss coverage for your situation.

What doesn’t Parametric Insurance cover?

Parametric Insurance is not designed to replace your existing traditional or conventional insurance policy, but instead to be added to it for instances when you require further cover.

two men discussing business insurance in Brisbane

Why Sydney clients choose Crucial Insurance for their Parametric Insurance

At Crucial Insurance, we are experts in helping companies find both traditional and hard-to-find insurance policies. We have extensive experience in helping companies recover from the effects of natural disasters.

At Crucial Insurance, we are experts in helping companies find both traditional and hard-to-find insurance policies. We have extensive experience in helping companies recover from the effects of natural disasters. We see every client’s business as ours, and as such pride ourselves in our proactive approach to customer support.

We are also passionate about helping our clients reduce their premiums while still accessing the right forms of cover for their needs. From small businesses to publicly listed companies, we have extensive experience in solving insurance challenges.

We are an Australian Financial Services License holder and have been since 2014. This means we are regularly audited to ensure we provide a high level of skill with an exceptional level of integrity and service.

Here are just some reasons why our Sydney clients choose us:

Transparent advisory: our number one priority is adding value to your business, placing your needs first

We have years of experience in claims management and negotiate with insurers on your behalf

We’ve won awards for outstanding brokerage

We help businesses find hard-to-place insurance options using our national and international insurer network

We’re proactive in our approach

Speak to a Sydney Parametric Insurance specialist today