A type of business interruption insurance that compensates for financial losses caused by adverse weather conditions, such as constant rain on the day scheduled for a major outdoor concert.

"Weather Insurance" In Context

"“We had tornado watches, but the festival went on. . . . This year, in order to have a little bit of weather insurance, it will go two days, a Saturday and Sunday.” Decanter will take place April 21-22 at Pimlico race course, a month before the Preaknes"