| Status | Privately Held |
| Website | weatherbill.com |
| Blog | www.weatherbill.c... |
| Category | Web |
| Phone | (888) 924 7475 |
| Address |
445 Bush Street, Suite 100 San Francisco, CA USA |
WeatherBill, founded by former Googlers David Friedberg and Siraj Khaliq, helps businesses weatherproof their revenue. WeatherBill offers custom weather contracts to protect businesses from financial loss caused by bad weather and provides tools to increase revenues through weather-related marketing promotions.
Businesses in industries ranging from construction and travel to agriculture and outdoor entertainment use WeatherBill’s tools to guarantee revenues in the face of uncertain weather. A requirement to qualify for coverage from WeatherBill is a net worth of over $1 million, and unlike insurance, there is no proof of loss or claims process required for payout. If the weather happens, you get paid. Each user can define what “bad” weather is and create a customized contract to match that need (e.g. excess rain for an amusements park or severe drought in the case of a farm).
Users select a weather station via a Google Maps mash-up and choose the weather conditions they want to protect against. These options include temperature and precipitation level, and the specific parameters can be selected by the user.
WeatherBill hedges its own risk via its weather algorithm and partnership with a large hedgefund.
WeatherBill has launched in Canada, the UK, the Netherlands, Spain, Germany and Norway in addition to the US.
