Moving Company Insurance
Moving company insurance is essential for protecting businesses against risks like property damage, injuries, and legal issues. It covers various scenarios, from accidental damage to high-value items, theft, or employee injuries during moves. With the right moving company insurance, businesses stay protected and can continue operations smoothly, even during unforeseen events.
Choose the right coverage from trusted insurance providers.
Why do moving companies need insurance?
As someone who’s worked closely with moving businesses, I’ve seen how Movers face serious liability every day, especially when handling high-value items during loading, unloading, and transit. Even a small company can suffer devastating losses if an item is lost, damaged, or broken.
That’s where the right type of insurance policy makes all the difference; it can pay for property damage, medical bills from injuries, and even legal defense costs. From unexpected theft to accidental damage, insurance protects businesses from risks they can’t always control.
Which insurance policies do moving companies need?
These insurance policies cover common risks faced by movers.
Business owner’s policy
This policy conveniently bundles commercial property and general liability insurance into one cost-effective plan for dealers. A BOP is ideal for securing auto shop insurance and shielding businesses from financial losses.
Under this plan
Customer injuries
Damaged customer vehicles
Damaged business property
Commercial umbrella insurance
A policy like this boosts coverage by increasing the limits of general liability insurance, commercial auto insurance, and employers’ liability insurance. It helps protect businesses from expensive lawsuits related to multi-vehicle auto accidents, customer injury lawsuits, and employee injury lawsuits.
Under this plan
Customer injury lawsuits
Employee injury lawsuits
Multi-vehicle auto accidents
Commercial auto insurance
A policy designed for dealers and repair shops helps pay for property damage and medical bills after an accident. It is required in many states for businesses that own cars.
Under this plan
Weather damage
Vandalism and theft
Car accident repair costs
Cyber insurance
A policy like this helps protect automotive businesses from financial loss after data breaches or cyberattacks. It’s recommended for any business that stores customer credit cards or other personal information.
Under this plan
Fraud monitoring services
Data breach investigations
Customer notification expenses
General liability insurance
Under this plan
Accidental vehicle damage
Customer injuries at a repair shop
Slander and other advertising injuries
Worker’s compensation insurance
Under this plan
Employee medical expenses
Partial wage reimbursement
Lawsuits over employee injuries
What Impacts the Cost of Insurance?
When I first started my moving company, understanding insurance felt confusing, but I quickly learned how important it is. Insurance protects your business from big losses and helps you keep things running smoothly if something goes wrong. The cost of insurance depends on many factors that insurance companies consider before giving you a quote.
Here are the main things that affect how much you pay for moving company insurance:
- Business revenue – How much money your company earns plays a big role in pricing.
- Types of goods transported – If you move valuable or fragile items, the cost may be higher.
- Number of employees – More workers can mean more risk, which may raise your premium.
- Policy limits and deductibles – Higher coverage limits can increase the price, while larger deductibles may lower it.
- Claims history – If your company has had many past insurance claims, your cost may go up.
Getting a Mover's Certificate of Insurance
If you’re running a moving company, getting a certificate of insurance (COI) is simple and important. It proves that your business is covered and helps you win client trust. You just need to have basic details about your company ready, like your revenue and how many employees you have.
Follow these three easy steps to get your COI:
- Complete a free online application Fill in basic information about your moving business.
- Compare insurance quotes and choose policies Look at different coverage options and pick what suits your business.
- Pay the policy premium and download a certificate Once you pay, you can get your certificate instantly.
Whether you work alone or have a team, licensed insurance agents at Eagle Nation can help you find the right coverage for your moving business.
Two ways to start your coverage
Quotes online
Talk to an agent
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
Common questions about moving company insurance
Standard insurance might not cover all the risks moving companies face, especially when handling a customer’s belongings. If you’re responsible for items during the move, you may need extra protection through additional insurance coverage.
Here are a few useful types of insurance for movers:
- Cargo insurance A kind of inland marine insurance that covers customer items while they are being moved.
- Professional liability insurance Helps cover legal costs if your company makes a mistake that financially hurts a customer.
- Commercial umbrella insurance Increases the coverage limits on your general liability, commercial auto, and employer’s liability insurance for large claims or lawsuits.
Whether your moving company needs to be licensed or bonded depends on the laws of your state. You might need to register your business or get special approval to work in certain areas. Some states also ask for proof of insurance or a surety bond before you can operate.
Here are some examples and points to understand better:
- In Florida, movers must register and show liability insurance. If they only have one or two vehicles, they can give a $25,000 performance bond or a certificate of deposit from a Florida bank instead of insurance.
- In Texas, moving companies must be licensed with the Texas Department of Motor Vehicles (TxDMV).
- Surety bonds act like a promise that your company will follow the rules and do the job right. Some states require them for businesses that move household goods or personal items.
The term trucker typically refers to someone who delivers goods over long distances in a semi-trailer, whereas motor carrier is a broader term. Motor carriers include a variety of vehicles used to carry goods or even passengers for profit.
Examples of motor carriers include:
- Bus companies
- Transportation services for people with disabilities
- Trucking companies
- Owner-operators
- Commercial vans
- Moving companies
- Hazardous materials transportation
Top transportation fields we insure
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