Help employees recover faster after extreme rain.
Ric is a voluntary employee benefit that provides fast cash when extreme rainfall disrupts daily life where your employees live.
Coverage works in all 50 states, doesn’t require owning a home, and pays out in about a week after a qualifying event — so employees can get back to stability and back to work.
What is Parametric insurance?
Parametric insurance pays when a measurable event happens — not weeks later after inspections and paperwork. With Ric, that event is extreme rainfall at your covered locations. If rainfall exceeds a pre-set threshold, enrolled employees automatically receive a fixed cash payout. No adjusters. No claim forms. Just a clear trigger and fast money employees can use however they need.
You choose the covered locations and payout level ($5,000 or $10,000). Ric monitors trusted NASA rainfall data and handles the rest.
Ric fits into your benefits program like any guaranteed-issue voluntary or employer-paid benefit — except it’s designed for weather disruption, not medical or dental expenses.
How Ric works
Ric is offered through employers. Employees enroll in a coverage tier, and Ric monitors extreme rainfall at covered locations. When the trigger is met, Ric pays out automatically.
Step 1:
Employer offers Ric
Employers add Ric as a benefit and choose how it’s funded: employee-paid, employer-paid, or shared.
Step 2:
Employees choose a tier
During enrollment, eligible employees select their payout amount. The benefit can be employee-paid, employer-paid, or shared—depending on how you set it up.
Step 3:
Ric monitors rainfall
Ric uses trusted third-party rainfall data to track conditions at your covered locations against an agreed threshold. Employees don’t have to file a claim or prove damage — Ric handles the monitoring automatically.
Step 4:
Rain crosses the trigger → Ric pays out
If rainfall at a covered location reaches or exceeds the trigger, Ric confirms the event and sends payouts to enrolled employees based on their tier. Funds typically arrive within about a week*. Employees can use the money for whatever matters most — housing, transportation, lost income, or essentials.
Most people have coverage gaps — and don’t know it.
Extreme rainfall reaches every state. But most households have limited financial protection for the disruption and costs that follow.
Over the past 20 years, 99% of U.S. counties have experienced a flood event. Yet only 4 to 6 percent of homeowners carry separate flood insurance, and standard homeowners and renters policies often leave large gaps for water-related damage and costs like temporary housing or lost wages.
When heavy rain hits, families face real bills long before federal help arrives. FEMA grants average only a few thousand dollars and often take around five weeks from application to payment. During that time, people still need to pay rent, replace essentials, and get to work.
Ric is built for that stressful in-between period. It gives employees a clear, pre-agreed payout after extreme rainfall at their location, so they're not left waiting and guessing.
Benefits for your people and your organization
Ric provides fast, flexible financial support after extreme rainfall, with a simple structure employers can feel good offering.
Fast support when rain hits hard
After a qualifying rainfall event is confirmed, enrolled employees receive cash typically within about a week — without inspections, adjusters, or a drawn-out claims process.
Money employees can use for anything
Payouts are flexible, so people can cover what’s urgent: rent or mortgage payments, temporary housing, transportation, childcare, groceries, and other unexpected costs that show up when life is disrupted.
Works for renters and homeowners
Ric does not require anyone to own a home. It is built for renters, workers, and families who feel the financial shock of extreme rainfall even if their property coverage is limited.
Simple to explain, easy to use
There is a clear rainfall trigger, a clear payout amount, and a clear timeline. No one has to become an extreme weather expert to understand how it helps.
Available in all 50 states — with guaranteed issue simplicity
Extreme rainfall isn’t just a coastal issue. It affects big cities, small towns, and inland communities across the country. Backed by Tokio Marine HCC, a leading global specialty insurer with A++ and A+ financial strength ratings, Ric is built to work wherever your employees live and work. That means you can offer one straightforward benefit strategy across your U.S. workforce — without a patchwork of regional solutions.
Who is Ric built for?
Ric is built for employers and benefits partners who want a simple, nationwide way to support employees with fast cash when extreme rainfall disrupts their lives.
Employers and HR teams
Add a clear financial benefit that helps employees stay on their feet after disruptive rainfall. Ric can support retention and recovery, especially for workers who do not have savings or strong property coverage. It shows you are paying attention to real life disruptions that affect paychecks, housing, transport, and childcare, not only what happens inside the office.
Benefit brokers and consultants
Offer a new, easy to explain benefit that protects employees from rainfall driven financial shocks. Ric fits beside existing medical, disability, accident, and supplemental offerings and gives you something fresh and practical to bring to clients in all 50 states, not just on the coasts.
Credit protection, pet insurance, and identity theft coverage were once new ideas too. Rainfall based protection is the next important benefit your clients can use to support their people and stand out in the market.
Who is Ric built for?
Ric is built for employers and benefits partners who want a simple, nationwide way to support employees with fast cash when extreme rainfall disrupts their lives.
Employers and HR teams
Add a clear financial benefit that helps employees stay on their feet after disruptive rainfall. Ric can support retention and recovery, especially for workers who do not have savings or strong property coverage. It shows you are paying attention to real life disruptions that affect paychecks, housing, transport, and childcare, not only what happens inside the office.
Benefit brokers and consultants
Offer a new, easy to explain benefit that protects employees from rainfall driven financial shocks. Ric fits beside existing medical, disability, accident, and supplemental offerings and gives you something fresh and practical to bring to clients in all 50 states, not just on the coasts.
Credit protection, pet insurance, and identity theft coverage were once new ideas too. Rainfall based protection is the next important benefit your clients can use to support their people and stand out in the market.
