What is Movers Insurance?
Moving people’s and businesses’ belongings from one location to another can be profitable work, but it comes with several risks. Moving companies need to consider what could happen to their equipment, what could happen to customers’ belongings and what liability suits could be filed if something went awry during a move (or at another time). In order to protect themselves from many of the risks they face, most moving companies in Massachusetts should have movers insurance.
Movers insurance is a specialized form of commercial insurance that’s uniquely designed to meet the risk mitigation of moving companies and similar businesses. In order to protect these companies from the multifold risks that they face, movers policies are normally written as package policies that have several individual coverages combined together.
What Businesses in Massachusetts Need Moving Company Insurance?
As mentioned, most moving companies in Massachusetts should have moving company insurance in place. A few particular examples of businesses that’ll likely find this insurance is well-suited for them include:
- Local moving companies
- Regional moving companies
- Inter-state and long-distance moving companies
- Moving companies that use storage units
To not carry insurance can leave a business dangerously exposed to risk, and certain minimum insurance coverages are necessary per state law.