Who asks a moving company for what
| Who | What they usually want to see |
|---|---|
| Banks, lenders & SBA loans | Property or auto physical damage with the lender as loss payee, and liability proof at closing and every renewal |
| Cities, counties & permits | General liability, auto and workers' compensation at the limits in the permit or contract |
| Property managers & HOAs | General liability with the manager and owner as additional insureds, and workers' compensation |
Each of them wants a certificate, and most want it again at every renewal. A live certificate link from the wallet shows today's coverage to every holder and tells them when it changes.
How to check what you already have
- Auto schedule. Every vehicle listed with the right garaging address and use; symbols that include hired and non-owned auto; physical damage with the lender as loss payee where the vehicle is financed.
- Motor truck cargo. The limit per vehicle, the commodities excluded, theft from an unattended vehicle conditions and reefer breakdown.
- General liability declarations page. Three liability numbers matter: each occurrence, general aggregate and the products–completed operations aggregate. Then the forms list: blanket additional insured, waiver of subrogation and primary and non-contributory wording satisfy every contract; scheduled forms satisfy one.
- Workers' compensation information page. Item 3.A must list every state you work in, item 4 must carry the right class codes, and the employers' liability limits should meet what contracts ask. Check that the estimated payroll is close to this year's.
- Umbrella schedule of underlying insurance. Each primary policy listed with the limits the umbrella expects; a gap between the two is uninsured.
- Equipment schedule. Owned items scheduled above the per-item threshold, a blanket limit for small tools, leased or rented equipment included, and the valuation (replacement cost or actual cash value).
- Bailee coverage. The limit for customers' property at your premises and in transit, the valuation basis and any exclusions for specific items.
- Hired and non-owned auto. Look for the symbols 8 and 9 or an endorsement by that name on the auto or general liability policy; without it, staff in their own cars are uninsured on company business.
- Employment practices declarations. Limit and retention, third-party coverage for claims by customers, and whether wage-and-hour claims carry any defence sublimit.
What usually goes wrong for moving companies
- Released-value liability on the bill of lading that customers never understood until a damaged piano.
- Building damage during a move, excluded as the customer's own property in your care.
- A radius or commodity on the application that no longer matches the work.
- Trailer interchange and non-owned trailers left off the policy.
- Reefer breakdown, theft and unattended-vehicle conditions in the cargo form that the dispatcher never saw.
- A personal auto policy on a truck with the company name on the door.
What underwriters will ask a moving company
- Local versus interstate share, the valuation offered on the bill of lading, truck and crew counts, and how crews are employed
- Gross vehicle weights, radius of operation and commodities hauled
- Driver motor vehicle records, years of experience and turnover
- Any state or federal filings and operating authority
- Commodities hauled, their value per load and any refrigerated freight
- Each vehicle, its garaging address, radius and who drives it
Have the answers in the wallet before the renewal and the quote request fills itself in; CoverMatch sends one application to every eligible carrier and lines the quotes up against what you have.
Renewal timing
Audits at year end compare payroll, receipts and subcontractor costs with the estimate, so keep the wallet's size figures and the subcontractor certificates current. Start comparing sixty days before expiration, and ask for the limits the next contract will need rather than the ones the last one did.