What Type of Insurance Do I Need for a Moving Company?

When it comes to moving companies, the most comprehensive and common type of insurance is general liability insurance. This coverage is essential for any business and provides protection against claims of bodily injury and property damage that may arise from your operations. There are several general liability programs available, many of which include additional coverage specific to the moving industry. In addition to general liability, you can often include property coverage in your policy.

This can include your own business property, as well as cargo coverage for your customers' belongings. It's always a good idea to be insured during a move. A moving company offers protection against the valuation of assets, which is not full coverage insurance. With full value protection, the moving company is responsible for the replacement value of lost or damaged items throughout the shipment.

This is the most complete, but also the most expensive, option to protect your belongings. Unless you choose the value released option, the moving company will automatically move your belongings below this level of responsibility. When selecting commercial auto coverage, make sure it covers the full value of your company's moving trucks. Moving furniture and packing a house for a move can be stressful and tiring, but packing smartly helps. The main insurance coverages you want to consult for any moving company are auto liability, cargo coverage and workers' compensation.

Moving insurance can provide some protection during an extremely stressful time. You can read about both types of liability in the brochure Your Rights and Responsibilities When You Move, under federal regulations that moving companies must provide when moving from one state to another. As with any business, moving companies have business operations that must be covered by insurance. A home inventory is a way to help make decisions about home insurance coverage or renters insurance & to accelerate the process of insurance claims in the event of theft, damage, or loss. There are several different types of insurance for moving companies and understanding it all can be overwhelming for some. When it comes to protecting your business and customers during a move, it's important to understand what type of insurance you need.

General liability insurance is essential for any business and provides protection against claims of bodily injury and property damage that may arise from your operations. Property coverage can also be included in your policy to protect both your own business property and cargo coverage for customers' belongings. Additionally, commercial auto coverage should cover the full value of your company's moving trucks. Full value protection is the most complete option when it comes to protecting your belongings during a move. This type of insurance covers the replacement value of lost or damaged items throughout the shipment.

However, this is also the most expensive option available. Unless you choose the value released option, the moving company will automatically move your belongings below this level of responsibility. It's important to understand all types of insurance available for moving companies in order to make an informed decision about what type of coverage is best for you and your customers. Additionally, commercial auto coverage should cover the full value of your company's moving trucks. Full value protection is the most comprehensive option when it comes to protecting your belongings during a move. A home inventory is also a great way to help make decisions about home insurance coverage or renters insurance & to accelerate the process of insurance claims in the event of theft, damage, or loss.

Geoffrey Dilworth
Geoffrey Dilworth

Infuriatingly humble introvert. Proud tv trailblazer. Amateur bacon advocate. Wannabe web fan. Friendly social media aficionado.