If you are just starting a new moving and storage company, don't sign an agreement with your first customer until you are properly insured. A moving and storage company might need multiple types of commercial insurance in order to be protected during daily operations. Here are just some of the reasons why you should reach out to a local provider of commercial insurance today.
Your Vehicles Could Be Damaged While on the Road
Normally your auto insurance policy would cover any damages while out on the road. But if you are in an accident while operating in a work capacity, there might be certain things that are not covered. For example, if your cargo is damaged during the accident, it's not likely an auto insurance policy is going to cover you or the customer.
An Employee or Customer Could Be Injured While Moving Boxes
Accidents happen all the time and even the most seasoned employee could have something go wrong. Maybe someone will strain their back while lifting a box. Maybe a customer will accidentally trip over a box that was placed somewhere by your employee. Commercial insurance can protect your business if someone is injured while on the job or if a customer has something go wrong while assisting with the move.
Coverage for Property Damage Not Directly Connected to the Move
You may also want additional coverage in case one of your movers accidentally bumps into the wrong thing while moving the customer's possessions out. For example, a mover could accidentally raise a piece of furniture too high and cause damage to a light fixture inside the customer's apartment building. Maybe your moving truck will accidentally bump into someone else's structure while trying to back in to a driveway. Commercial insurance can provide the coverage you need for any kind of property damage that occurs on the job.
While Commercial Insurance Costs Money, It's Also Potentially Profitable For You
When you know you have commercial insurance, you can begin charging your customers extra in order to offer your own insurance policy. With a little luck, nothing will go wrong for a long time and this will be extra revenue you can pocket. If something does go sideways, you can rely on your own coverage to pay out and assist you.
If you own a moving company, make sure you are fully covered for all possibilities. Contact a commercial insurance company or visit a site like http://gateway-insurance.com for more information.
