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Calif.: cargo coverage for small residential moving company
Posted: Mon Jul 07, 2014 5:50 pm
by ppls2005
Hello all,
Looking for a cargo coverage for an existing customer - residential moving company, in Los Angeles, CA (1 motor unit).
Has existing coverage with Lloyd's. 3+ years of cont. coverage, no prior losses. Coverage is required for the PUC permit.
Need to be below $1,800K/yr premium out the door, for $20K cargo and $1K deduct.
Thanks!
Re: Calif.: cargo coverage for small residential moving comp
Posted: Wed Jul 09, 2014 11:09 am
by AAA
Just placed one for a friend of mine. We went through State Farm on a BOP policy: Included $1MM liability / $20,000 limit for MTC, $500 deductible, $5,000 BPP. Premium is $1620, but that is in Missouri. One person/one auto exposure. New in business. Rating basis was payroll for the owner only - $45,000 is standard payroll. The MTC portion was only $278 of the total premium.
Re: Calif.: cargo coverage for small residential moving comp
Posted: Wed Jul 09, 2014 12:42 pm
by ppls2005
Thanks! Do you know if they provide with PUC filing as well? We would need to submit California DMV with MCP 65 form.
Re: Calif.: cargo coverage for small residential moving comp
Posted: Fri Jul 11, 2014 2:13 pm
by AAA
I'm not sure. I think you might have to check with State Farm.
Re: Calif.: cargo coverage for small residential moving comp
Posted: Fri Jul 11, 2014 2:48 pm
by yoyowordup
AAA wrote:Just placed one for a friend of mine. We went through State Farm on a BOP policy: Included $1MM liability / $20,000 limit for MTC, $500 deductible, $5,000 BPP. Premium is $1620, but that is in Missouri. One person/one auto exposure. New in business. Rating basis was payroll for the owner only - $45,000 is standard payroll. The MTC portion was only $278 of the total premium.
". . . One person . . . " - Who hires a mover that is just one person?