The day-to-day income of any business can be negatively impacted by bad weather. If your business relies on good weather for a seasonal revenue boost, we can help protect that regardless of what the weather throws at you.
This coverage can be used to stabilize income for businesses, such as restaurants or pay-for-play golf courses, that rely on good weather on weekends and holidays.
Tokio Marine HCC's income stabilization coverage can be used to protect against the risk of lost sales or revenues due to weather. This seasonal or annual coverage responds to the loss of revenue caused by adverse weather conditions that affect the business. The insured receives an agreed upon payout per day or per season to offset the shortfall.
For example, a pay-for-play golf course experiences a summer of weekend washouts, dramatically impacting its bottom line. Or, a restaurant that relies on extra revenue from outdoor dining in the spring and summer, experiences plummeting revenues during an unusually rainy season. Income stabilization insurance could help both establishments make up for the lack of customers during a period that is typically busy and profitable.
401 Edgewater Place Drive, Suite 400
Wakefield, MA 01880
Protects revenue losses caused by adverse weather conditions that reduce attendance and the sales of concessions, food and parking.
Not all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.