Insurance for California Moving Companies

Insurance for California Moving Companies

Insurance for California Moving Companies

Like with any business, Moving Companies have business operations that should be covered with Insurance. There are several different types of Insurance for Moving Companies and making sense of it all can be overwhelming for some. For that reason, we put together this blog to help explain some of the most important coverages you should consider for your Moving Company.

Insurance for California Moving Companies – Commercial Auto

First and foremost, Commercial Auto is an extremely important coverage for moving companies. When purchasing Commercial Auto, we recommend obtaining liability limits of at least $1,000,000 Combined Single Limit for a few reasons. For one, in California, car accidents tend to be very expensive. There are many expensive cars on the road and the cost of medical services is quite high. Another important reason for obtaining $1,000,000 Combined Single Limit coverage is your job requirements. This is because many properties you will be working in require 1,000,000 Combined Single Limit in order to perform work on their property. With that said, this coverage is not only important, but it help you bring in more money.

Insurance for California Moving Companies – General Liability & Property

General Liability is a common and important coverage that every Moving Company should carry. General Liability protects your business against bodily injury and property damage claims incurred by 3rd parties that may arise as a result of your business operations. There are several General Liability programs available for Moving Companies, many of which can include additional coverages specific to your operations. In addition to the General Liability, you can often include property coverage on to your policy. This can include your own Business Personal Property as well as cargo coverage for your clients’ property. This added coverage is often affordable and can be a life saver if you experience a large claim.

Insurance for California Moving Companies – Workers Comp

Workers Comp for Moving Companies can be quite expensive. This often deters Moving Companies from carrying Workers Comp. This coverage, however expensive it may be, is required by law if you have employees. There are ways of bringing down the cost of Workers Comp. This can include setting up a formal safety program, maintaining continuous coverage for additional credits, and/or working with a broker to properly shop your Insurance. There are additional ways to save money on your policy as well. If you would like to learn more about bringing your Workers Comp rates down, we would love to help you.

To learn more about Insurance for California Moving Companies, give us a call at 925-297-4829.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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