Weather can be used as a sales tool with promotion weather insurance by Tokio Marine HCC - Specialty Group. If the weather turns out as planned, profits soar. If the weather turns bad, stores are covered against huge losses. More importantly, they win the loyalty of both their customers and the community at large.
Promotion weather insurance is designed to stimulate sales for many types of retailers and manufacturers. If a certain weather event happens on a predetermined day, consumers receive a full or partial refund on purchases made during the promotional period. The policy can insure against rain, snow or minimum / maximum temperature. Typical buyers of promotion weather insurance include jewelry stores, furniture stores, electronics stores and auto dealers, but many types of retailers have success with these types of insured promotions.
An example would be a jewelry store that runs a sales promotion from the day after Thanksgiving through December 15th and states that anyone who makes a purchase during the sales period would get a full refund on their purchase if it snows X amount on Christmas Day.
Event weather insurance protects revenue losses caused by adverse weather conditions that reduce attendance and the sales of concessions, food and parking.
View Event WeatherTokio Marine HCC offers prize indemnity insurance to protect against financial risks, by covering contingent prizes on behalf of sponsors or promoters.
View Prize IndemnityTokio Marine HCC has put together insured prize promotions specifically for the retail industry to help increase sales over a specified period of time.
View Retailer Promotions
Our financial strength ensures our clients will always be protected.
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Our holistic portfolio of products includes more than 100 classes of specialty insurance
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Tokio Marine HCC is part of Tokio Marine, one of the largest P&C insurers in the world
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