It’s Valentine’s Day which means couples across the US will head out to dinner this weekend. Valentine’s Day may be the most popular dinning night out of the year which means that restaurants depend on the income from this night to raise profits. If bad weather occurs, this can decrease the amount of people leaving home and overall negatively affect the company. For example, this week the northeast got hit with a Nor’easter leaving 8-12 inches of snow in some areas causing schools and business’ to close. With Valentine’s Day on a Friday night this year, restaurants should not have to worry about filling up their tables however because of the horrible weather many people are skipping the night out and staying in.
Here is how income stabilization coverage would work for a restaurant. A restaurant would purchase coverage for Valentine’s Day weekend and insure the total amount they project to make over the popular weekend. They would take out a policy where if it snowed 3 plus inches (enough to discourage people to go out) US Weather Insurance would pay the total projected amount to make sure the business didn’t suffer due to the poor weather conditions. Restaurants are one of the many businesses that can benefit from income stabilization coverage from US Weather Insurance. To find out how your company can benefit from income stabilization coverage, contact US Weather Insurance today! Happy Valentine’s Day!