Financial derivatives firm Weather-proof is offering alternative cover for events susceptible to bad weather conditions and will provide payouts based on it reaching an agreed threshold.
The company will issue quotes against too much or too little sun, snow, and wind as well as changes in temperature.
鈥淲e remove loss from the equation and base our cover on what can be measured precisely by independent readings,鈥 said Alex Levin, who founded the company with his father Dan last year.
Policy insures against risk of poor weather
Financial derivatives firm Weather-proof is offering alternative cover for events susceptible to bad weather conditions and will provide payouts based on it reaching an agreed threshold.