What is Movers Insurance?
The moving business can be profitable work, but it’s work that comes with substantial risks. Damage to belongings, accidents and stolen goods are just a few of the perils that movers must protect against. Movers insurance won’t prevent these things from happening, but it may provide moving companies in Massachusetts with financial protection if there is a covered incident.
Movers insurance is specialized commercial insurance for moving companies. So that policies can meet these companies’ multiple protection needs, most policies are drafted as package policies that combine coverages together. Moving companies can often choose exactly what coverages get included in their policy.
What Massachusetts Businesses Should Have Moving Company Insurance?
In broad terms, any business that’s located in Massachusetts and offers moving services can likely benefit from having moving company insurance. Not having insurance can leave a business dangerously exposed to risk, and this tends to be the most appropriate type of commercial insurance for these businesses.
In particular, the following businesses may want to purchase this type of policy:
- Residential movers
- Commercial movers
- Specialty movers
- Moving and storage companies
Moreover, companies normally need insurance regardless of whether they provide local, regional or long-distance moving services. Any company that accepts responsibility for transporting customers’ goods could potentially have something happen.