Weather is unpredictable. Your bottom line doens’t have to be

Buy a Weather Contract and WeatherBill will pay you when weather conditions occur that may impact your business. You can be paid for rainy days that may keep your customers away, a heat wave that may impact buying habits of your customers, or a frost that may decrease the yield on your crop – customize a contract to suit your business needs.

David Friedberg was a business product manager at Google when he had his “a-ha moment.” It occurred to him that he should start an insurance company–a very old idea–but gear it specifically toward companies that want to protect themselves from losing money on a rainy day–a new idea. WeatherBill was born.

A farmer, for instance, could receive money every time the temperature dips below 67 degrees in a particular month. Or if a ski resort has a week and a half of beautiful, balmy weather in January, the owner could automatically receive a check without having to report the weather.

“There is no claims process,” Friedberg says proudly. Instead his company uses a third-party weather station, EarthStat, that independently confirms data and sends daily reports to WeatherBill, which then processes the checks and sends them out.

Entrepreneur.com