Whether you are a city trying to keep your streets clear or a ski resort intent on keeping your slopes crowded, the amount of snowfall within a season is crucial. GuaranteedSnow helps manage the financial risk of too much or too little snow by offering financial reimbursement for losses due to more or less snowfall than a predetermined seasonal level.

Scenario:

A suburban city near Boston has a limited budget for snow removal. On average, when it snows more than two inches during any given snowfall, it costs the city about $200,000 to plow the streets and clear the sidewalks. When the city experiences more than 10 snowfalls a year where it snows more than two inches, money must be pulled out of other programs to cover these costs.

Solution:

The city takes advantage of GuaranteedWeather®'s GuaranteedSnow option, which after 10 two-inch snowfalls, pays out $200,000 for each subsequent snowfall greater than two inches.

* Maximum payout is determined case by case depending on the customer's needs.

This solution uses a cap structure to manage weather risk.

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