Product launch: Frost Cover collaboration
Commercial gritting organisation Gritit and risk management specialist CelsiusPro have announced the release of winter insurance product Frost Cover Certificates.
Gritit said that for a premium, organisations affected by adverse weather conditions would receive automated payouts the minute pre-defined weather conditions occurred.
Jason Petsch, commercial director of Gritit, said: "The combined impact of recent extreme winter weather and the pressure on all sectors of the economy make the opportunity to limit the cost of vital spending on winter safety even more sensible than in less constrained times."
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