For most small businesses, a huge snowstorm can cause a major loss in profits if they are forced to shut their doors for even a day. But for snow removal companies, they have the ability to capitalize on bad weather. As winter slowly creeps in this year, snow plowing businesses are preparing with ice melt and trucks. It’s important to prepare for winter storms, but it’s also important to prepare for the possibility of a lack of storms. If this winter has very little snowfall, how will your business make profits this year?
As a solution, a snowplow company can purchase income stabilization in the case that it snows far too little to make the revenue for the year. This works especially for snow plow companies that are solely in the business of snow plowing. Some snow plowing companies rely on general contracting as a year-round business. But even then, if snow plowing makes up 25% of your yearly revenue – that’s a big loss in finances.
Since snow removal businesses rely on a peak season and weather conditions to make money, Income stabilization would be the perfect way to ensure that anticipated sales numbers to make sure the company is not at a loss due to the bad weather or in the case, a lack of bad weather.
On the other hand, what if it snows too much? Purchasing cost containment insurance can offset increased expenses during an unpredictably heavy snowfall season. Dealing with heavy machinery or vehicles takes a lot of maintenance that you may not be prepared for. If expenses become too much to bear, insurance can help to offset those unexpected expenses.
So with this information on hand, we are sure your company will be able to plow in the profits. For more questions about coverage, check out our website or give us a call at 888-982-5488.