How weather can help save your business money
Summary
Did you know you could use weather to save your business money? By signing up for risk mitigation services, your business can reduce downtime, prevent supply chain disruptions, and decrease your insurance premium.
Key Highlights
In 2022, there were 18 weather-related disasters, with losses reaching $1 billion in the U.S.
False alarms resulting in facility shutdowns are costly for your business
Businesses with weather risk mitigation services should check with their insurance providers to see if they qualify for a reduction in insurance premiums
SAVE MONEY BY WEATHERING THE STORM
Climate change has increased the number of extreme weather events, leading to more and more businesses dealing with disruptions and property damage. In 2022, there were 18 weather-related disaster events, with losses reaching $1 billion in the U.S.
Industries are looking for ways to cut costs across the board. We've recently seen several significant companies cutting jobs to save money. By planning for these weather events, companies could save money or even make a profit. Here's how.
REDUCE THE AMOUNT OF DOWNTIME
When severe weather moves in, it's vital that you receive the most accurate and advanced notice to avoid unnecessary downtime. False alarms resulting in facility shutdowns are costly for production time and associate confidence, perception of safety, and productivity. AccuWeather's forecasts, backed by Superior Accuracy™, give clients actionable information that allows them to make the best decisions every time.
AccuWeather produces far fewer false alarms than anyone else. For example, government agencies issued 122 tornado warnings for specific locations for a major retail company last year. AccuWeather correctly issued only 34 tornado warnings for these locations - a 73% reduction in false alarms.
AccuWeather's SkyGuard® Warnings delivers site-specific alerts and warnings before severe weather hits. We provide live one-on-one or group consultation by our weather experts anytime, day or night. Clients are sent all-clear notifications when a threat is over, minimizing weather-related downtime.
REDUCE YOUR INSURANCE PREMIUMS
More frequent weather events mean more losses and insurance claims for businesses due to extreme weather. Commercial insurance is costly, and rates have risen drastically since 2021. But did you know that businesses with weather risk mitigation services like AccuWeather's SkyGuardⓇ Warning could see a reduction in insurance premiums?
Businesses with AccuWeather's risk mitigation services should check with their insurance provider to see if their policy is eligible for a discount.
SHIFT IN SUPPLY TO INCREASE PROFITS
Whether you realize it or not, climate change and supply chains are linked in many ways. As the global temperature rises, extreme weather patterns become more common - impacting your supply chain and production. Hurricanes, wildfires, and flooding can damage warehouses or make travel dangerous. These disruptions can result in loss of business, contracts, and customers. Businesses lose billions of dollars annually because they need to be adequately prepared.
With AccuWeather's more advanced notice and accurate forecasts, your business would have the advantage of an early shift in supplies and resources. For example, if you own a chain of home and building supply stores, using AccuWeather For Business Portal, you can see where the next big snowstorm or severe thunderstorm will hit. You can mobilize extra resources and supplies at these locations, giving yourself a leg up on your competition and increasing your potential for profits.
Be proactive with AccuWeather's SkyGuard® Warnings, which will deliver site-specific alerts and offer warnings well before severe weather hits, giving you much-needed time to be prepared.
Benefits of SkyGuard® Warnings:
- Proactive, site-specific alerts offer warnings well before severe weather impacts occur
- Live one-on-one or group consultation is provided by our weather experts anytime, day or night
- Alerts delivered in a format that aligns with your organizational emergency management plan
- All-clear notifications are sent when a threat is over, minimizing weather-related downtime
- All alerts are delivered via push notification from the SkyGuard mobile app, available on Android and iOS
- Want to learn more about how we can help you? Demo SkyGuard® today and protect your business, employees, and assets.
