Insurance Options for Commercial and Business Moves
Sometimes unforeseen events happen, resulting in damage or loss during a move. To help you understand liability and insurance options, we list common choices to think about before hiring movers:
As with local and long distance moves, we offer basic liability as part of every business move. This kind of insurance represents the bare minimum coverage legally required by law; there no extra charge to the customer. For items damaged or lost during a move, you receive $.30 per pound, per article. Again, this is not substantial coverage!
For instance, if a 50-pound desk, worth $500.00, were damaged during a move, you would be entitled to $15.00 compensation. Additionally, if all your property were lost during a move, the maximum you could receive in reimbursement would be $2,500.
This coverage calculates payment based on the depreciated value of the item. The cost is $5 for every $1,000 of valuation given to the items included in the move. This more realistic approach places more of the financial responsibility on the mover. If you have questions, call one of our moving consultants at 800-266-8387 to learn more.
Third Party Insurance
If you plan to move high-value objects such as expensive furnishings, a separate insurance policy may be in order. Third party insurance will give more coverage.
Before purchasing such a policy, review your business insurance policy. Your belongings may already be covered in transit. Should you decide to purchase a policy from a different carrier, make sure to do your research. You may also wish to include our preferred vendor, movinginsurance.com, in your search.