Business and Climate Change

How Insurance Can Protect Your Company's Future

Climate change is no longer a future prediction but a present reality. Today, phenomena such as intense storms, extreme heat waves, prolonged droughts and forest fires are increasingly frequent and have a direct impact on companies' activities.

These events can cause significant material damage (in buildings, equipment, goods), but also generate indirect impactsproduction interruptions, stock shortages, failure to meet deadlines and loss of customers.

The economic impact of climate change

The figures speak for themselves:

In the summer of 2024 alone, extreme heat, droughts and storms caused losses of at least €43 billion in the European Union, equivalent to 0.26% of European GDP.
From 1980 to 2023, extreme weather events have already generated €738 billion in economic losses in the EU.
The most costly phenomena have been: floods (44%), storms (29%), heat waves (19%) e droughts/fires (8%).

These statistics show the urgency of preparing companies to face increasingly frequent and costly risks.

The role of insurance in business resilience

In addition to prevention and adaptation measures, insurance is an essential tool for reinforcing the business resilience climate risks.

At Corbroker, we assess your company's exposure to this type of risk and identify solutions that may include:

Multi-risk Business Insurance
Protects property, machinery and goods against natural phenomena such as storms, hail, fires or heatwaves.
Operating Loss Insurance
Financial compensation for loss of income in the event of a forced stoppage of activity following a weather-related disaster.
Environmental Liability Insurance
Guarantees protection in situations of pollution or environmental damage that can be attributed to the company.
Industry-tailored solutions
Commerce, industry, agriculture or services - each sector has different vulnerabilities and requires specific cover.

Practical examples:

Industry
A factory faces a extreme heat wave which causes electrical faults, damages machinery and renders sensitive raw materials unusable. Production is suspended for several days, with a direct impact on deliveries and fixed costs.
👉 With the right cover, both property damage and loss of income are protected.
Trade
A storm with strong winds damages the façade and window of a shop, forcing it to close temporarily. During this period, there are no sales, but the costs of wages and rent remain the same.
👉 Insurance guarantees the cost of repairs and financial support until reopening.
Services
A consultancy office is affected by a forest fire nearby, which forces evacuation and prevents access to the premises for several days. Although there is no direct physical damage, activity is interrupted and deadlines with clients are missed.
👉 Operating Loss Insurance covers loss of income while maintaining the viability of the business.

At Corbroker, we believe that preparing for the future involves anticipate risks. We help you build personalised protection plans:

📌 We analyse your company's sector and activity.
📌 Identify the specific risks associated with climate change.
📌 We offer customised and effective protection solutions.