SPG Canada EQ Parametric

First Dollar Earthquake Insurance that Makes Sense

Fast, Flexible, and Fully Covered

SPG Canada EQ Parametric

SPG Canada delivers innovative earthquake protection through parametric insurance solutions designed for commercial clients. Unlike traditional coverage, payouts are triggered by magnitude and location. This first-dollar protection fills the gaps below or outside of standard earthquake policies, giving brokers and clients confidence when it matters most.

First Dollar Earthquake Insurance that Makes Sense

Who Benefits:
  • Commercial property owners
  • Businesses with significant earthquake exposure
  • Developers and contractors
  • Municipalities and utility providers
  • Insurance carriers seeking embedded solutions
Features:

  • Eligible Risk: Any industry except cannabis, ammunition, manufacturing, bituminous coal mining, underground, support activities for coal mining and surface coal mining.

  • Limit: Minimum $10,000 and up to $ 10 million per policy.

  • Coverage: Deductibles for traditionally insured exposures, loss of revenues, profits, and/or tax base (public entity) with or without property damage, extra and extraordinary expenses and loss of value or market value.

  • Available Trigger Options: Triggers start at magnitude of 6.0 earthquake.

    Peak Ground Acceleration (PGA) is an intensity measurement used to represent the shaking felt on the ground during an earthquake.

  • Policy Periods: Standard 12 months.

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