How Do Insurance Companies Rate Moving Vehicles?

Owning a business comes with a great deal of responsibility and commitment. For the most part, when it comes to insurance, business insurance policies are general across the board. When you own a moving company, however, your insurance needs are unique to you. You should be insured like a moving company, and that’s different than a trucking company.

Insurance for moving companies is different than trucking coverage. Your coverage should be tailored to meet the unique needs you have. You want to eliminate gaps and avoid double coverage. Since cargo insurance is unregulated, every policy is different. You can have a policy that matches your exact needs in terms of limits.

State laws require commercial drivers of vehicles to obtain a minimum amount of automobile liability coverage. Although every state has different required limits, you may also want to consider additional policy supplements, such as:

• General liability
• Workers compensation
• Motor truck cargo
• Truck physical damage
• Umbrella  insurance
• Occupational accident
• Owner operator coverage

As an owner or operator of a moving company, you want to be sure you are protected from claims due to equipment, collisions and workers compensation. With movers insurance, you can obtain that protection. But you shouldn’t have to get a “cookie-cutter” policy. Regular truck and service truck rates are different. And often, there is a significant price difference (25-45% difference!)

At Wolpert Insurance, we understand that. That is why, when we quote your premiums, we take into account the extent of your business and the use of your vehicles. Our underwriters understand that perhaps your vehicles sit in front of a home or business all day long – and this can reduce your risk, and therefore, your premiums. Reduced exposure should mean reduced cost, shouldn’t it?

Isn’t it time you saw a difference in your premiums? If you want to see the difference our agents can make, give us a call or fill out an online quote form today!