Provide rainy day insurance

Provide rainy day insurance

Business Idea:

Making money by providing rainy day insurance.

Overview:

Since 70 percent of businesses are positively or negatively affected by the weather, everyday of every year, across this great land of ours, it would be great to have a company that would help business owners earn back some of the lost income should the whether turn for the worst.

As a matter of fact, a company that helps out businesses like farmers, golf courses, car washes and others negatively affected by inclement whether conditions does exist.  WeatherBill, a business founded by David Friedberg, is an insurance company geared toward organizations looking to protect themselves from losing money on a rainy day.

While selling insurance is not a new concept, and the types of coverage available to business fill volumes, selling insurance for rainy day is certainly a new twist on an old story.  The difference with Friedberg’s business is that while other insurance companies offer protection in case of hurricanes, sandstorms and similar events, his company is focused on protecting companies against loss of revenue associated with unseasonable weather.

Customers interested in the innovative insurance can buy it through www.weatherbill.com.  The elaborate site is completely customizable and automated.   After buying insurance, a farmer, for instance, could receive money each time the temperature dips below 67 degrees in a particular month.  Aside from agriculture, the site can help protect organizations in many industries including construction, health care, transportation, travel, and more.

On a final note, WeatherBill does not have a claims process, which has to be a great selling point.  The way the process works, the company uses a third-party weather station, EarthStat, which independently confirms data and sends daily reports to the company.  Once the data is received, it is processed and the necessary checks are sent out.

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