Understanding Your Office Moving Company’s Insurance Coverage: Why It Matters!

Moving offices can be a complex and stressful process, requiring meticulous planning and attention to detail. One critical aspect that often gets overlooked is the insurance coverage offered by your chosen office moving company. Before entrusting your valuable items to an office furniture moving or service vendor, it’s essential to understand their insurance policies to ensure you are adequately protected in case of any unforeseen mishaps. Mishaps happens and sometimes accidents during an office move are unavoidable, and knowing what can be done in the event of a mishap is an item that should be on your pre-move checklist!

In this article, we will delve into the importance of discussing coverage options with your office move provider prior to hiring the company and highlight the key factors to consider when evaluating insurance coverage for your office move.

Insurance is in place for a variety of reasons, but most importantly its in place to ensure you, the customer and as well the vendor, are protected! This is why before any move project or furniture install is started, the client will likely request a certificate of insurance from the vendor. As a client, if you’re reviewing the COI, it is important to keep in mind that this document only confirms the type and amount of coverage. Read the fine print of the vendors’ damage/repair/replacement policy, and ask the important questions: what steps are taken and what coverage do you offer should an incident occur while my office items are being moved?

Reading the Fine Print:

When it comes to the safety and protection of your office items during a move, it’s crucial to go beyond the surface-level requirements and scrutinize the fine print, or reading between the lines, of your office moving company’s insurance coverage. While a certificate of insurance may demonstrate that the necessary general liability coverage is in place, it’s essential to understand what actual coverage is extended to you as a client in the event of damage or loss.

Replacement or repair costs are an important factor when analyzing the insurance coverage offerings and will vary from company to company.

Below is a general summary of two main types of typical coverage offered for items that may be damaged or need repair due to a mishap during relocation or moving.

Per Pound Coverage:

The minimum required replacement or repair based upon legal requirements in Canada is a dollar value based upon weight. This is more commonly used and found amongst residential movers as opposed to corporate moving companies. This coverage typically offers reimbursement for damaged or lost items based on a specific amount per pound. The reimbursement rate can range anywhere from $0.60 to $2.00 per pound. However, it’s essential to consider whether this valuation accurately reflects the true value of your office items.

An example to use as a reference point could be a piece of art. Think: how much does art usually weigh, framed or unframed? Does the offer of a per pound replacement based on the weight match the full-replacement-value of that piece of art if you had to replace the piece? A framed piece may only weight a few pounds, but even at fifty (50) pounds, the range of value you’re receiving as a customer would be: $30.00 (at $0.60/pound), up to a maximum of $100.00 (at $2.00/pound). At CSS, we’ve moved many pieces of art for our corporate clients, and we can almost guarantee that a per pound value for coverage would never come close to the value of the art!

The one clear advantage of this type of coverage is the standardization of knowing what to expect. As the vendor or the client, if you know the weight and the value ($0.60 or $2.00/pound), then there’s no question about the amount of coverage.

A word of caution!

There are only a handful of items that would have a matched value with their weight, that would fully compensate to the customer having to replace at item damaged during an office move.

There are moving vendors that offer this type of coverage and offer customers to additionally increase the value of their items – but of course, this comes with an added cost. Be weary and ask the questions upfront!

Full Value or Replacement Value Coverage:

Alternatively, some office moving companies offer coverage based on the full value or replacement value methodology. This approach assesses the actual worth of the damaged or lost item, taking into account factors such as its market value and condition. This method ensures that you are reimbursed for the full value of the item, regardless of its weight.

This ensures that as a customer, you’re able to have that item replaced or repaired without question, without using a valuation method that creates comfort and piece of mind!

Understanding the Difference:

The disparity between the per pound coverage and the full value or replacement value methodology is significant. When evaluating the replacement value of any office items, it becomes apparent that majority of items their worth extends beyond their weight. Consider items such as desks, whiteboards, monitors, or computers—how much are they truly worth when examined from a per pound value versus a full replacement value perspective?

Your items matter to you, and they should matter just as much to your office furniture moving company.

In conclusion, when selecting an office moving company, it’s crucial to prioritize insurance coverage and how repairs and replacements are handled. Asking the right questions upfront will help establish the coverage and method used to determine the value of each item. Also knowing that the certificate of insurance only confirms types and amount of coverage, but not the valuation or methodology used to determine repair/replacement values is a great tip.

Understanding the extent of coverage and the methodology used to evaluate the value of damaged or lost items can make a significant difference in ensuring a smooth and stress-free move.

CSS, Always Going the Extra Mile:

At CSS, we go above and beyond to provide our commercial clients with top-notch customer service, including comprehensive insurance coverage.

We also recognize that the full value of an item cannot be measured solely by its weight. We firmly believe that should an item be damaged during transport or installation, it should be restored to its original state without compromise! This is one of the reasons why we offer full value coverage, ensuring that our clients have peace of mind during the moving process. We prioritize our clients’ needs and work diligently to find the best outcome, guaranteeing that damaged items are replaced based on their true value, not their weight.

To learn more about our insurance policies and how we prioritize client comfort and peace of mind, reach out to our office today. Trust us with your office move, and we’ll handle the rest with utmost care and professionalism.