Need insurance for your furniture van business?
Your furniture removal business needs insurance but why just contact one company if there is a whole panel of specialists competing for your business in finding you the right policy at the right price?
With one simple form you could compare quotes from highly experienced removal van insurers.
Companies you get quotes from may include these top brokers:
A number of van insurers are now offering Instant Online Quotes for van insurance with Hire and Reward (sometimes called Haulage or Courier) Insurance!
Up to 60 insurers can be invited to quote; how many will provide them depends on many factors but why not see what they can offer now?
Click here for information about van insurance quotes.
Businesses need a lot of different insurance to protect themselves from different risks. This is especially important if you run a business that exposes you to financial risk. UK furniture removals businesses are no different. In fact, they’re one of the most at-risk industries when it comes to risk. Moving heavy furniture around can be extremely dangerous, and there’s also the potential for expensive items like antiques or artworks to be damaged in the process.
There are a number of different types of insurance that can help reduce your risks as a business owner and protect your firm from unexpected losses should they occur. Here is why you as a furniture removals business owner need insurance:
Van insurance - make sure you get the right policy
You will of course need to have your van insured, but it is important to remember that you will have to have Hire and Reward cover. This is a special kind of insurance designed to cover the fact that people delivering any kind of goods are likely, on average, to have more claims than the average motorist owing to the nature of their work.
Your policy will almost certainly specify exactly what kind of goods you will be covered to carry; for instance a policy covering household removal goods will not necessarily cover you for mixed parcel deliveries, so it is very important that you buy the right cover.
Public liability insurance -not a legal necessity but your customers may expect it
Accidents can happen - customers can fall over packing cases, valuable vases can be knocked over. However Public Liability Insurance may protect you against claims of bodily injury or property damage caused by your business. If you’re moving furniture around and you accidentally damage someone’s property, or injure someone, this insurance can help to cover the cost.
Most furniture removal businesses will need at least £1 million worth of cover. It’s important to note that this insurance does not necessarily cover damage to goods that are in your van; for this you may need Goods in Transit Insurance.
Artwork and antique insurance - for those delicate but valuable items
Artworks and antique furniture can be extremely valuable items that need to be carefully moved. As a furniture removals business owner, you will have to be extra careful when handling these types of goods since if they are damaged whilst in your possession, the owner may have a substantial claim against you.
You may be able to get this covered as part of a liability insurance policy but your insurer is likely to have a maximum sum that they will pay out for any single item. So, if you are asked to move particularly expensive items you may need to inform your insurer, and possibly pay an additional premium, to make sure that they are covered.
Goods in transit insurance - perhaps a basic essential
Goods in transit insurance can cover you if an item is lost or damaged whilst being transported by your business.
There are different types of goods in transit insurance policies; for instance you can choose a policy that covers either full replacement value or a lesser amount that is based on the actual value of the goods. The latter may be a good option if you’re moving common items where the actual value is significantly less than the replacement-with-new value.
The important thing is to make sure that your goods in transit insurance is provided on an "all risks" basis. This ensures that you are covered for any potential losses as a result of damage, loss or theft of your customers’ goods.
Goods in transit insurance is sometimes bundled with Hire and Reward insurance.
Employers' liability insurance - a legal essential
This is legally essential for businesses that employ staff, with just a very few exceptions.
Not all businesses have the same risks as other industries. Removals companies, for example, are exposed to several hazards that other businesses might not have to deal with. Moving heavy objects, lifting boxes and climbing ladders are just a few of the activities that removals company employees need to perform on a regular basis. Because of this, moving and storage business owners must have an adequate amount of employers liability insurance in place to protect them from any potential accidents that may occur.
The type of business you run as well as the size of your company can impact how much cover you need; a minimum of £5 million is mandatory but many insurers provide up to £10 million of cover as standard.
Furniture removals businesses are at risk for a number of different reasons. Fortunately, there are a number of different types of insurance that can help reduce those risks and protect your business from unexpected losses. Van insurance; public liability insurance; extra cover for artwork, antiques and other valuable goods, and goods in transit insurance are all important types of furniture removals insurance that you should consider.
Fortunately there are specialist insurers who can guide you through your options, and perhaps save you a lot of money by bundling options together.
How it works
- You fill in a simple form, giving some details of what you are looking for.
- Depending upon your requirements, selected brokers from the panel will be asked to collect quotes for you.
- You will receive broker quotations to compare.
Click here for quotations
All the insurers on the panel are, of course, fully authorised and regulated by the Financial Conduct Authority.