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Get Ahead of A Business Setback

Parametric Shield

Your Business Safety Net in the Event of Violent Crime

Parametric Shield is a non-traditional insurance product – delivering recovery payments to small business owners and putting power back in their hands after a violent crime occurs in or near their business. Powered by proprietary techonlogy, you can receive payment in as quickly as 14 days after a police report is filed.

Here’s what we cover:

“Active Assailant” Events

Crimes Covered by Parametric Shield

Aggravated Assault
Murder and non-negligent manslaughter
Justifiable Homicide

Notable Exclusions:

Simple Assault e.g. Assault & Battery

An unlawful physical attack by one person upon another where neither the offender displays a weapon, nor the victim suffers obvious severe or aggravated bodily injury involving apparent broken bones, loss of teeth, possible internal injury, severe laceration, or loss of consciousness.

Example: Aggravated Assault or a Homicide and a firearm or stabbing device has been used. This provides a wider definition yet remains very similar to the “active assailant” used in traditional indemnity products.

How the Policy Works:

Once a qualifying event occurs and is registered with local law enforcement, Parametric Shield coverage will trigger within a pre-agreed upon radius around your business.

What Makes Parametric Shield Different:

  • Certain to Pay Out
  • Quicker Than Traditional Insurance (No Claims Adjustment)
  • Covers Intantible Losses (brand/reputation/employment)

Example: A qualifying incident occurs within the Parametric Shield covered radius of your business, once the crime is reported to the Police Department and recorded on our Open Source Crime Database, we will notify you that a claim can be made and then pay out on that claim within 14 days.

Two Levels of Coverage:

Basic Coverage: Homicide Offenses + Murder & Non-Negligent Manslaughter

Premium Coverage: Homicide + Murder & Non-Negligent Manslaughter AND Assault Offenses

Example Policy Coverage

Potential policyholders can request a quote by providing their business premises address and annual income. The insured area around the premises (as per image) is automatically generated by INSDEX. The policy payout is limited to $50,000 per location or 10% of the business’s annual income.

INSDEX Active response launched in key cities across Texas and will shortly be released in other large cities in other States across the US.

Blue Building Icon

Business Annual Revenue of $780,000

Blue Radar Icon

Incident occurs within 150ft of business address radius and is reported by INSDEX database.

Blue Siren Icon

Parametric Shield alerts business owner that claim can be filed and one-time $50,000 payment triggers within 14 days of confirmed claim.