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Insurance for Moving Companies
Moving people’s items from one place to another is a lucrative business in great demand. However, it’s also risky as it can be easy to accidentally damage another person’s property. Since you can rarely be sure exactly how much the items you’re moving are worth, you must exercise extreme care with each job. Accidents still can happen, though, and that’s why insurance for moving companies is crucial.
Moving Accidents Can Be Costly
While most moving jobs are likely to go without a hitch, an unfortunate incident can cost your company a significant amount. Take this example where a moving company dropped a piece of artwork. They were sued for a massive $250,000. This amount of money can often be enough to bankrupt a moving company. If the moving company had mover insurance in place, they would be protected against such costly claims.
Common Types of Moving Claims
There are several ways a moving company can find itself facing a lawsuit. The most common reasons are:
- Damaging the items that the company is moving
- Damaging the property – for example, damaging walls, door frames, and other areas of the home while carrying furniture
- Causing injury by leaving trip hazards such as boxes in public walkways
- Not fulfilling your contact obligations sufficiently
- Accidents while driving the vehicle used for moving items
While you can minimize your risk by ensuring you follow all safety protocols and ensuring you have sufficient, experienced people for each job, accidents can still occur. This is where your insurance for house movers comes in.
XINSURANCE: Moving Company Insurance
Homeowners insurance provides coverage in many essential areas, but liability is an area where it falls short. Most homeowner policies impose very low limits or exclusions. Or they may not even cover liability insurance at all. For peace of mind, you need a specialty move insurance.
XINSURANCE is the expert in providing specialty liability solutions for all activities and occupations considered risky. XINSURANCE is powered by Evolution Insurance Brokers, LC (“EIB”), an excess and surplus lines insurance brokerage, and we’ve been providing customized solutions to our customers for over four decades.
We analyze your operations and experience level to find you the best, comprehensive coverage for your requirements. As specialist brokers, we can even offer solutions to those who have been denied insurance before or those who have a claims history.
From third-party physical injury to third-party property damage and much more, you can be reassured that the coverage will be sufficient for your requirements.
How to Get in Touch With XINSURANCE
If you find that your homeowner’s insurance is not providing you with liability coverage, don’t delay. We invite you to get in touch with us as soon as possible. We make it easy for you to receive a quote.
For more information about us and what we do, please browse our website and view our ample product line. If you’re ready for a quote, feel free to use any of the following contact methods:
Moving companies provide an essential service to people from all walks of life. However, handling heavy, delicate, and sometimes priceless items deserves special attention – and protection. Protect yourself and your moving business by ensuring that you have appropriate coverage. We can offer you complete peace of mind so that you can get back to focusing on doing your job. Call XINSURANCE for movers insurance today to get started.
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.