Protect Your Assets & Customers’ Goods With The Right Type Of Insurance
There are many questions surrounding the right coverage that a moving business needs to attain to operate lawfully. Operating a moving company has many benefits, but something could go wrong at any minute resulting in a financial loss and potential lawsuit if you are not covered properly. If you are there and your insurance agent didn’t craft your policy correctly, you could be in big trouble. At Strong, having the right protection when it comes to operating your business is what we specialize in. All we do is commercial auto, so we understand the moving industry and what you might run into and require.
Risks Faced By Movers
The risks that household movers face are similar to those found in cargo and freight transportation. You’re moving other people’s personal property from one location to another- just like when driving trucks full of freight across town! Understanding these potential risks can help protect both your customers’ assets as well as yours by ensuring all areas covered during each stage have coverage for damages incurred.
Household Moving companies share many similarities with regards to risk management practices common among national trucking firms; however there are some specific considerations unique towards handling household items throughout the entire process: at the customer location (loading), while transiting between home/location, and unloading at the destination.
Here are some risks faced:
- Premises Liability Exposure
- Damage to Items During Packing/Loading/Unloading
- Theft of Items
- Damage to Items In Event of an Accident
Price & Coverages
Household moving insurance ranges in cost from $95 to $250 per month based on the value of the box truck, years in business, drivers history, and operating radius.
The type of coverages commonly seen for moving companies include:
- Cargo Insurance
- Commercial Auto Liability
- General Liability
- Physical Damage
