3108 Adora Teal Way, Unit 200,
Tennessee is growing rapidly. Thousands of people are flocking to the volunteer state each day, buying new homes and setting up new businesses. This is great news for moving companies, with a new economic boom comes more chances for growth. As your business grows you will need to work with an insurance agency that understands your business.
Barbee Jackson Insurance is one of the leading insurance agencies that has a division exclusively designed to help Moving Companies find the best price on their insurance. As an independent insurance agency Barbee Jackson Insurance is able to shop your insurance to hundreds of different insurance companies to find you the best deal. Call today to get started (850) 389-2001
Tennessee is unique because there are no state filings or cargo insurance requirements. All that is required is state minimum commercial auto liability. The State of Tennessee requires you to carry $25,000 per person, $50,000 per accident in Bodily Injury liability and $15,000 in Property Damage. In most cases we will package this coverage under what is referred to as Combined Single Limit (CSL) of $100,000. Higher limits up to $2 million are available.
It is important to realize that this insurance requirement is only for intrastate household movers. Meaning, that you don’t cross state lines. If you do cross state lines then you are governed by the Federal Motor Carrier Safety Administration (FMCSA)
FMCSA will require you to carry a Motor Carrier Number (MC#) and insurance requirements are CSL of $750,000.
Insurance coverage can start as low as $2,500 per unit depending on the area, years of experience and several other rating factors. $2,500 per unit is on the low end and we have seen rates as high as $15,000 per unit.
It is best to work with a member of our team to find you the right insurance company to fit your budget.
Cargo Insurance - As previously mentioned the State of Tennessee has no cargo insurance requirements, but it is highly recommended that you carry enough cargo insurance to cover your loads. Cargo insurance provides protection to your customers' goods in the event of loss or damage.
This coverage can be added to the policy or written on a standalone cargo insurance policy. Rates for cargo insurance start as low at $1,600 for $10,000 in cargo insurance.
Some cargo insurance policies don’t cover the customers’ items while in the process of moving in and out of a house or building. We can endorse the policy to add this protection to your policy.
Commercial General Liability (CGL) - Moving Companies are not required to carry General Liability Insurance, but are purchased by most household movers to protect the business from slip and fall lawsuits.
Workers Compensation - Workers Comp is designed to provide protection to employees injured on the job in the form of medical payments. Employees of Moving Companies face one of the highest rates of injury and without this coverage the owner could be held legally liable.
Physical Damage - Moving trucks can be expensive and the liability policy only covers the liability you caused to others. By adding Physical Damage to your policy you can avoid costly repairs in the event of an accident by having the insurance company insure the vehicle.
Physical Damage coverage only covers the vehicle in the event of an accident or weather related. It does not cover the vehicle for maintenance repairs.
Warehouse Legal Liability - Do you store customer goods in your warehouse or building? If so you will need to purchase Warehouse Legal Liability. This coverage provides protection to your customers' goods while you are in the care, custody and control.
Barbee Jackson Insurance is an industry leader in Household Movers Insurance. Our expertly trained staff will work to design a policy that fits your specific insurance needs at the same time finding the right insurance company to fit your budget. Call today and join the thousands that switched to Barbee Jackson Insurance (850) 389-2001
Craig Barbee and Caleb Jackson are the best team to handle your HHG insurance needs. I struggled to find not only a good deal, but a great agent in all my of searching. As soon as I connected with Craig, he was quick on the draw and made me a priority. I can't recommend these two enough, they're the best in the market! I couldn't be happier with my experience and I really appreciate their expedience with the whole process. Saved me some much time!
Definitely a great experience! I am a new business owner and Barbee Jackson made the process very smooth and easy! Big shoutout to Courtney Ferguson at Barbee Jackson. She will take care of you! Thank you!
Caleb and Courtney both are super friendly and awesome to work with! Fast response and turn around time. Look forward to continued business with Barbee Jackson Insurance!