High snowfall and critical snow days can lead to operational challenges and revenue shortfalls. Arbol's High Snowfall Critical Days coverage provides tailored protection against revenue losses when snow days exceed a pre-selected threshold.
Using ERA5 snowfall data, a threshold can be set based on the amount of snowfall in a day and a trigger for the number of days to protect against can be chosen. If the number of snow days above the threshold surpasses the trigger, the insured automatically becomes eligible for a loss payment, covering costs and maintaining profitability despite excess snowfall challenges.
An event organizer is looking for loss of revenue protection for their regional club basketball tournament. The organizer knows that the venue has been closed due to snowfall in the past and will need revenue protection if the event has to be canceled or postponed by two or more days.
