What type of insurance do moving companies need?
I am starting a moving company. I just wanted to know what type of insurance i would need to cover costs in case an accident happens and the movers break something expensive.
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In general there will be two types of coverage companies offer. One if basic coverage in which there will be a fixed standard coverage amount pre decided by the Insurance company based on rough estimate. Second one is extended coverage where you can set a premium value for goods as per market price (good valued at market at showroom rate). This should attract some amount of fee from customer as insurance fee.