When families make the decision to move their lives to somewhere new, their mover is their go-to for assistance. Working in the moving and storage industry, you may feel like you really get to know your clients – especially when you have to store their personal possessions in your warehouse for a prolonged period of time.
Have you reviewed your movers insurance policy lately? If you are actively using a warehouse to store goods, you may want to be certain that your policy offers warehouse legal liability insurance coverage. Believe it or not, this is one of the most commonly misunderstood coverage options – for both the warehouse operator (the mover) and for the customer. If you have questions about this coverage option, you are not alone. We are here to help clear the confusion.
In the most basic sense, warehouse legal liability coverage is a type of liability insurance policy that comes into play in the event a warehouse operator fails to exercise reasonable care in the handling and storage of goods. This can result in loss or damage to those goods.
• In the event negligence occurs, the insurance company would be responsible to pay out the customer for the loss
• You would never name a customer as an additional insured under the legal liability policy
• This policy only applies to negligence – the customer is still required to obtain insurance for other types of losses that may incur to their goods during storage (for example, fire, flood, etc.)
When you have the right coverage options, liability limits and adequate scope of liability protection, you can feel safe that your moving and storage company is safe from financial turmoil.
At Wolpert Insurance, we offer New England Moving & Storage insurance coverage that may include warehouse legal liability. We consider all of your unique needs before offering you a policy. This means that if you face risks related to a warehouse, we will explain those risks and recommend this policy. We always work with your best interest in mind. And of course, we are always willing to answer any questions you may have about your mover’s insurance policy!