Insurance for Moving Companies

General Liability Insurance: This policy covers third-party risks, including customer injuries and property damage.

• Importance: Protects against significant financial losses from lawsuits and medical expenses.
• Coverage: Medical expenses, legal fees, and settlements related to third-party injuries and property damage.
• Best For: Slip-and-fall accidents, damaged customer property, product liability.

Business Owner’s Policy (BOP): A BOP combines general liability, commercial property insurance and business interruption insurance. This is a cost-effective option for small to medium sized businesses.

• Importance: Offers comprehensive coverage in a single policy, saving costs and simplifying management.
• Coverage: Combines general liability, property insurance and business interruption insurance to cover a wide range of risks.
• Best For: Bundled coverage for customer injuries, business property damage and business interruption.

Workers’ Compensation Insurance: If you have employees, this insurance is legally required. It covers medical costs and lost wages if an employee gets injured on the job.

• Importance: Provides essential financial support for injured employees, ensuring legal compliance.
• Coverage: Medical expenses, rehabilitation costs, and lost wages due to workplace injuries.
• Best For: Employee medical costs, disability benefits, injury lawsuits.

Commercial Auto Insurance: Covers vehicles owned by your business, protecting against accidents, property damage, and theft.

• Importance: Essential for businesses that use vehicles for operational purposes, ensuring coverage for auto-related incidents.
• Coverage: Covers damages and medical costs from auto-related incidents.
• Best for: Property damage caused by your vehicle, liability coverage in an accident, repairs due to vandalism or weather.

Depending on your business needs, consider these additional coverages:

• Crime Insurance: Provides protection against theft, including employee theft, burglary, and robbery. This coverage helps businesses recover financially from losses due to criminal activities.
• Inland Marine Insurance: Protects goods in transit or at off-site locations, including high-value items in transit. Essential for businesses frequently moving goods.
• Professional Liability Insurance: Covers claims of negligence or errors, legal costs from professional negligence claims, and inaccurate appraisals. This insurance is crucial for professionals who provide advice or services.
• Cargo Insurance: A type of inland marine insurance, covers customers’ belongings while they are in transit.
• Commercial Umbrella Insurance: Provides additional liability coverage beyond the limits of your existing policies, such as general liability, auto liability, and employers’ liability.