Rain is a common occurrence, which is why it's so important to protect your assets from water damage. According to Insureon, an online insurance resource, 35.2% of small business owners responding to a poll experienced an event last year that could have led to an insurance claim. If you have rain insurance coverage, you may have a few key questions about what it entails. From understanding what damages can be covered to knowing how to file a claim, here are a few insights into what rain insurance is and what it covers.

A Way to Recover Lost Income

Having to cancel an event at the last minute can result in financial loss, including the revenue you expected the event to generate and the costs of recovering damaged equipment and goods. At a foundational level, this type of coverage allows you to earn money even after severe weather has ruined an event your company was holding. Whether it was meant to take place in a single day or over multiple days, a rain insurance policy can recoup the revenue your company lost.

A Necessary Policy for Outdoor Businesses

You may be wondering which types of businesses would need this insurance. Think of the sheer amount of outdoor experiences people pay a premium to enjoy. Zoos, amusement parks, concert venues, and haunted attractions are prime examples of businesses that benefit from being insured by this policy.

Stormy days can ruin any company's one-time or annual event, but the damages that inclement weather causes can disrupt an outdoor business' weekly or even monthly finances. Many businesses rely on clear weather to serve their customers the best experience, so these companies are more likely to consult an experienced broker for a long-term rain insurance policy plan.

Different Types of Protections to Consider

As we've detailed before, your specific inclement weather coverage can be customized to meet your business's needs. Particular types of protection you can secure include big day umbrella insurance, cost containment weather insurance, golf tournament cancellation insurance, income stabilization insurance, and prize and promotion weather insurance. Speak with an expert broker to design the right coverage for you and your company.

If you're looking for a quality rain insurance policy, we can help you find the one that offers the coverage you need. Call Rainprotection Insurance today for expert assistance. We look forward to speaking with you and learning about your business's needs!