Insurance for moving trucks isn’t like other types of commercial insurance. You need the right coverages to keep you legal. To make sure you’re totally protected, we get you in touch with three agents who specialize in moving companies. Get started now.
What Coverages Does a Moving Company Need?
Every truck that your moving company takes onto the road is legally required to be insured with two coverages. Primary liability and cargo insurance.
Primary Liability
This is the coverage that protects other people and other vehicles from accidents caused by your drivers. In the event of a collision, this coverage pays for repairs to others’ vehicles and property. It also pays for any related medical expenses.
Cargo Insurance
If you transport household goods, you are legally required to carry cargo insurance. This coverage pays your client if any of his or her goods are damaged while you’re carrying them.
What Other Moving Truck Coverages Might I Need?
There are several other important coverages to consider when shopping for moving truck insurance.
Physical Damage Coverage – Unlike other coverages, this insurance protects your vehicle when you aren’t at fault. If you get into an accident with another motorist, this coverage pays for repairs to your vehicle. Physical Damage Coverage includes two different parts.
Collision – Protects your vehicle from accidents on the road.
Comprehensive – Protects your vehicle from other types of damages, including vandalism, fire, theft, and weather related problems.
Non-Trucking Liability Insurance – If you drive your company truck while you’re off the job, Non Trucking Liability (NTL) Insurance is crucial. This coverage acts the same as Auto Liability, but it protects you when you are driving for non-commercial purposes.
General Liability – This is business insurance. It protects your company from lawsuits resulting from employee negligence.
How to Shop for Moving Truck Insurance Coverages
What’s the best way to go about getting moving truck insurance? Experts insist you compare policies from at least three different agents. That way you know that you’re not only getting the best price, but that you’re being fully covered.
We will get you in touch with three agents in your state, who will compete to insure your business. And when insurance agents compete, you end up saving money. Get started now!
