Weather Insurance

Because Mother Nature has her own plans

Event weather insurance protects against revenue losses from adverse weather conditions that reduce attendance and the sale of concessions, food and parking.

Cost containment weather insurance is designed to contain costs associated with abnormal weather conditions. Examples include snow removal costs in an abnormally snowy winter, heating costs in an abnormally colder winter or prolonged winter season, or cooling costs in an abnormally hot season or prolonged summer season. Our seasonal or annual coverage responds to pay for each and every inch of snow, or degree over the budgeted amount.

Income stabilization weather is a business interruption tool in a simplified format specific to a reduction in sales/revenue tied solely to weather. An example would be a pay-for-play golf course that experiences a summer full of weekend wash-outs, dramatically impacting their bottom line. Our seasonal or annual weather coverage would respond to the business interruption, paying the insured an agreed upon limit per day to offset the shortfall.

Prize / promotion weather insurance is designed to stimulate sales for many types of retailers and manufacturers. If a certain weather event occurs on a predetermined day, consumers receive a full or partial refund on purchases made during the promotional period.

Golf tournament cancellation insurance provides protection of up to $25,000 for a golf tournament if it is cancelled within a 12-hour period leading up to the start time, due to adverse weather conditions.

Big day umbrella insurance is a wedding day rain insurance policy that pays out an agreed amount if it rains a predetermined amount on the insured’s wedding day, at a specified location during predetermined hours.

Summary of Coverage

Typical buyers of cost containment weather insurance include property management companies, private schools, hospitals, municipalities and towns.

Typical buyers of event weather insurance include fairs, festivals, concerts, sporting events, parades and air shows.

Typical buyers of income stabilization insurance include restaurants, car washes and pay-for-play golf courses.

Available Limits

Policies are written on a stated value basis for an amount of the insured’s choosing. Policy limits are determined by the appetite of the open market.

Geographic Scope

United States and Canada

Target Insureds

  • Air shows
  • Concerts
  • Fairs / festivals
  • Parades
  • Sporting events

Minimum Premium

Minimum premiums are subject to risk purchasing group program restrictions only.