Best Moving Company Business Insurance

The Hartford ranks as our top choice for moving companies, earning a MoneyGeek score of 96 out of 100. At approximately $136 monthly, it delivers the comprehensive coverage, responsive customer service and financial stability your moving business needs to protect against liability claims, property damage and other risks movers face daily.

We recommend comparing quotes from our other top picks: NEXT, Nationwide, Simply Business and Coverdash. Each provider offers distinct advantages that might better suit your operation's specific needs and budget.

Note: We based all scores on a moving business with two employees across professional liability, general liability, workers' comp and BOP policies.

The Hartford offers the most affordable moving business insurance for professional liability at $73 monthly and ranks second for general liability and workers' compensation. For the cheapest business owner's policy, Nationwide leads at $130 monthly, with The Hartford at $135. NEXT provides the most affordable workers' comp for movers at $122 monthly, so compare quotes from all three providers.

Nationwide offers the cheapest general liability insurance for moving companies at $86 monthly ($1,033 annually). It beats the industry average of $125 monthly by $39, saving your moving business 31% on liability coverage. The Hartford and NEXT rank second and third at $97 monthly, providing solid alternatives with strong financial backing.

For moving businesses with employees, NEXT delivers the most affordable workers' compensation at $122 monthly ($1,467 annually), lower by $17 from the $139 industry average. The Hartford follows at $124 monthly, while Thimble and Simply Business offer competitive alternatives for protecting your workforce.

Moving companies need professional liability coverage for contract disputes and service claims. The Hartford provides the most affordable professional liability insurance at $73 monthly ($878 annually), saving you $9 monthly compared to the $82 industry average. That's an 11% reduction on essential errors and omissions protection. NEXT and Progressive Commercial follow at $75 and $78 monthly.

At $130 monthly ($1,558 annually), Nationwide has the most affordable BOP insurance, which saves moving companies $53 each month compared to the $183 industry average. This bundled policy combines general liability and property coverage at 29% below typical rates. The Hartford charges $135 monthly and NEXT $149 monthly, both still competitive options for your moving business seeking comprehensive protection.

In general, moving business insurance costs are the following for the four most popular coverage types:

• General Liability: $125 on average per month ranging from $108 to $145 depending on state
• Workers Comp: $261 on average per month ranging from $225 to $302 depending on state
• Professional Liability (E&O): $82 on average per month ranging from $70 to $96 depending on state
• BOP Insurance: $183 on average per month ranging from $157 to $214 depending on state

Moving companies need several required coverages for movers to operate legally and protect against industry-specific risks like vehicle accidents, employee injuries and client property damage. Beyond these mandates, recommended coverage depends on your operation size, interstate licensing and typical shipment values.

• Workers' Compensation Insurance: Your crew faces constant injury risks from lifting heavy furniture, navigating stairs and loading trucks. Workers' comp covers medical bills and lost wages when movers strain their backs lifting a piano or slip carrying boxes down apartment steps. Most states mandate this coverage when you hire your first employee, with penalties reaching thousands for noncompliance.
• Commercial Auto Insurance: Your moving trucks operate on highways daily, exposing you to collision liability. This coverage pays for repairs, medical bills and legal fees when your driver rear-ends another vehicle or damages a client's driveway. State laws require minimum liability limits of $750,000 for interstate moves, with many moving companies carrying $1 million for adequate protection.
• Cargo Insurance: Federal law mandates you offer cargo protection to clients moving across state lines. When your crew damages a client's antique dresser or scratches their flat-screen TV during transport, cargo insurance covers replacement costs. Most moving companies carry limits between $25,000 to $100,000 per load, depending on typical shipment values.
• General Liability Insurance: Protects your moving business when a client trips over your dolly in their driveway or your crew accidentally scratches hardwood floors while maneuvering a couch. Building managers typically require proof of general liability before allowing access to apartments and condos. Coverage of $1 million per occurrence protects against most third-party injury and property damage claims.
• Commercial Property Insurance: Covers your office, warehouse and equipment when fire destroys your storage facility or theft strikes your office overnight. This protects moving blankets, dollies, hand trucks and office computers that keep your operation running. Consider coverage matching your total equipment and facility value.
• Professional Liability Insurance: Shields your moving company when clients claim you breached contract terms, missed delivery deadlines or damaged belongings through negligence. Essential for moving businesses handling commercial contracts or high-value residential moves. Typical limits range from $500,000 to $2 million depending on contract sizes.

Our step-by-step method for getting business insurance helps you find coverage that balances comprehensive protection with affordable rates for your moving company.

The Hartford stands out as the top choice for moving businesses, combining the industry's most affordable professional liability coverage at $73 monthly with exceptional customer service. With an overall MoneyGeek score of 4.87 out of 5 and average rates of $136 monthly, movers get comprehensive protection across workers' compensation, commercial auto, cargo insurance and general liability without overpaying.

We answer frequently asked questions about Moving business insurance:

We selected the best business insurer for moving companies based on the following criteria:

• Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better the company performs.
• Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
• Coverage (15% of score): We scored business insurance providers for this category based on the flexibility, payment and actual coverage options.
• Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely companies are to pay out claims compared to the competition.

All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:

• Three-person business with two employees
• Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
• $150,000 in payroll
• $300,000 annual revenue