House Moving Company Insurance

Cover Your Losses With House Moving Company Insurance

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House Moving Company Insurance

Contractors face unique risks, and home moving is equally risky for your business and your customers. The best thing you can do to protect yourself and your customers is to have the right business insurance in place to make sure you can recover your losses, regroup, and continue to operate even after something goes terribly wrong.

A local independent insurance agent can help you get the house moving company insurance you need to protect your business for the long term.

Why Do You Need House Moving Company Insurance?

You need house moving insurance to protect your business and your customers when certain problems arise, including the following.

  • Property damage, theft, or vandalism to your cranes, tools, vehicles, and equipment
  • Worker injuries
  • Lost income due to property damage or some other type of work stoppage
  • Lawsuits for causing damage to someone’s property or causing injuries to a third party
  • Car accidents involving your business-owned vehicles
  • Machinery and equipment breakdown

As a business owner, you need to understand all of your business risks and how house moving company insurance can help protect you from certain financial losses.

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Who Is Responsible for Property Damage during a House Move?

House moving companies are responsible for any property damage or injuries that result during the entire moving process. This means that not only are you responsible for damage to the structure that is being moved, but also you are responsible for any accidents or injuries that occur during the transport process.

All of the details and responsibilities should be presented to the customer for approval before starting any project, and no work should ever be started without receiving written approval from the customer.

You then need certain types of liability to help cover any losses that you are responsible for, and you’ll likely need to provide to your customers proof of insurance.

What Does House Moving Company General Liability Insurance Cover?

For a house moving company, general liability insurance provides coverage for property damage or personal injury resulting from your work. This may include damage to the original homesite, damage caused to other people’s property during the move process, and any third-party (people other than your employees) injuries that occur as a result of your work, including mobile equipment injuries/damage.

What Is Riggers Liability Insurance?

Riggers liability insurance, also called cargo liability insurance, is coverage for the property of others that is being lifted by a crane or other equipment, and that is being transported to a new location. It typically covers the value of the house and other associated costs, with limits up to $1 million or more. Coverage is typically project-specific, and is often valid for only a certain period of time related to the project (e.g., 30 – 60 days after the house mover begins work on the project). Policies without time limits are also available.

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What Does Property Insurance Cover?

Commercial property insurance protects your business if fire, vandalism, smoke, theft, or another covered peril (cause of loss) damages your property. It provides coverage for lost inventory, industrial equipment and machinery, warehouses and office space, office equipment, computers, valuable papers, and more. It may also provide coverage for neighboring facilities and completed products housed on your premises.

Commercial property insurance policies usually include business interruption coverage, which protects your earnings and helps to pay expenses if your business is unable to operate because of damage caused by some type of covered disruption. 

What Is Inland Marine Insurance?

Inland marine insurance is designed to protect you from losses when your property is damaged in transit. Any piece of property that is moved from one location to another can be covered with an inland marine policy.

Keep in mind that this coverage is not for the homes or structures that you are tasked with moving. This is for your own property that you use to perform the work.

Why Do House Moving Companies Need Workers’ Compensation Insurance?

Keeping your employees safe from work-related injuries and illnesses is important for your employees’ long-term health and satisfaction, as well as your company’s financial viability. Workers’ compensation insurance provides insurance coverage when accidents happen at the workplace. It ensures that the injured worker gets medical care and income protection while unable to work.

Each state has different rules for the amount of benefits injured employees are entitled to, what impairments or injuries are covered, how impairments will be evaluated, and how medical care will be delivered.

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How Much Does House Moving Company Insurance Cost?

House moving company insurance costs will vary depending on the size of your business, the number of employees you have, and how much business property (buildings, tools, and equipment) you have.

Benefits of an Independent Agent

An independent agent who has experience working with house moving companies or other similar contractors can help you decide the types and amounts of coverage you need for your business. The choices you make will determine your cost of coverage.

Independent agents can work with numerous, reputable insurance companies who specialize in your type of business. Together you can review a variety of proposals and choose the best mix of coverage that meets your needs and budget.

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Find and Compare Quotes for House Moving Company Insurance

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.

Your agent will work with you free of charge to get quotes from multiple insurance companies so you can make the best choice.

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TrustedChoice.com Article | Reviewed by Paul Martin

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