SPG Canada EQ Parametric

First Dollar Earthquake Insurance that Makes Sense

EQ Parametric

Fast, Flexible, and Fully Covered

SPG Canada EQ Parametric

What is EQ Parametric?
It’s an emergency response fund that provides funds rapidly, typically within 30 days, after an earthquake without waiting for a lengthy loss adjustment process. Policyholders can use these funds for any necessary purpose. Instead of being tied to actual physical damage, payment is triggered when an event exceeds a pre-agreed intensity.

First Dollar Earthquake Insurance that Makes Sense

Who Benefits:
  • Manufacturing Facilities: Especially those with complex supply chains or machinery that’s hard to repair/replace quickly.
  • Energy and Utilities: Electrical generation, telecommunications, O&G, renewable energy.
  • Municipalities, Public Sector and Infrastructure: Water treatment plants, sewage plants
  • Transportation & Logistics: Ports, Railway Hubs, Airports – disruption has cascading effects.
Features:
  • Broad Eligibility: Everyone except those involved with cannabis, ammunition manufacturing, bituminous coal mining, and associated activities.
  • Limits: Up to $10 million per policy.
  • Pre-Defined Payout: Payout is based on the intensity of a trigger event at the insured premises. Triggers start at a 6.0 magnitude earthquake.

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