Weather Insurance – don’t get snowed in by excess costs
Weather Insurance – don’t get snowed in by excess costs
According to the Farmer’s Almanac, we can expect a stormy winter with a significant amount of snow in the tri-state region. The Almanac is “red-flagging” the second week of January and the second week of February for possible heavy winter weather with a long, drawn out spell of stormy weather extending through the first half of March.
To protect against potentially burdensome snow removal costs, speak with your KMRD Relationship Manager before winter arrives about transferring risk through Weather Cost Containment insurance. Towns and municipalities, condo associations, private schools, private hospitals, malls, office parks, retailers and companies with large parking lots are just some organizations who benefit from this coverage.
Weather insurance fills coverage gaps not addressed by a traditional policy. You can also use it to transfer risks from inclement weather at outdoor events, shopping days lost to bad weather and frequently occurring adverse weather conditions that interfere with normal revenue flow. Snow removal companies can actually hedge against too little snow resulting in lost revenue with weather insurance.
KMRD reduces the overall cost of risk by producing a greater value for each commercial insurance dollar spent, while utilizing an enterprise risk management approach to engineer the optimal solution.
We are dedicated to the mitigation of risk, safety and loss control and claims advocacy, while helping firms recover from unplanned events that wait on the other side of one minute from normal. For a quick review of insurance terminology and coverages, visit our Insurance Reference Library.
To identify and correct coverage and service gaps in your insurance coverage contact us at contactus@kmrdpartners.com before one minute from normal strikes.
Need to deliver better risk management results for your company? Schedule a brief demo of our unique collaborative risk management system, KMRD XChange.
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