- Avoid loss of revenue due to weather
- Boat rental companies
- Car washes
- Pay-for-play golf courses
- Water parks
Income stabilization is a simplified business interruption tool that protects against the risk of a reduction in sales or revenue tied solely to weather. 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 of time that is typically busy and profitable.
Cost containment weather insurance is designed to contain costs associated with abnormal weather conditions.View Cost Containment
Event weather insurance protects revenue losses caused by adverse weather conditions that reduce attendance and the sales of concessions, food and parking.View Event Weather
Golf tournament cancellation insurance provides coverage for financial risks associated with running a golf tournament.View Golf Tournament Cancellation