Whether your company clears snow from parking lots or depends on shoppers coming into the store, weather makes a financial impact. Weather insurance can ease some of those winter-storm headaches. While it doesn't guarantee good weather, it does guarantee that weather won't destroy your budget. For example, the slightest inclement winter weather can affect attendance to an event like a boat show or special sale at a store.
Decreased attendance equals decreased revenues.
It is possible to buy business insurance for such cases. Conversely, good weather can hurt others in the winter. An unusually warm winter definitely hurts the income of a utility company, which counts on people cranking up the heat as temperatures drop. At what cost weather insurance Three variables factor into pricing a weather insurance policy. The first is the location of the insured.