Tow Truck Insurance
A tow truck businesses are getting income by towing disabled vehicles. If you are working in this industry, you should have customized tow truck insurance. Some of the businesses that might need tow truck insurance are: Auto body shops, Rotational towing, Auto club contractors, Full-service stations, Roadside service providers, Auto mechanical repair, Auto salvage and auction haulers
With so much driving on your tow truck, it’s important that you have coverage tailored specifically to your needs.
General liability is very important part of Tow Truck Insurance. Will protect you against lawsuits and financial liabilities that can come from things like accidents or mistakes.
General liability commonly is bundled with a variety of different coverages in a Business Owners Policy. Our agents can check if you are eligible for a bundle and you can save even more.
Garage Keepers Insurance
Apart from liability coverage, that protects you from lawsuits, you still need coverage for the towed cars, while they are in the yard. There are many options for protection available, some of them are limited protection and full protection. Limited protection covers only damages for which you’re legally responsible, while full protection covers everything regardless of legal liability.
Business Interruption Insurance
Business interruption insurance, also known as loss of income insurance, helps keep you in business when something unexpected happens. If something very bad happens and your entire business is ruined, you’ll obviously still need to pay the bills, including paying employee wages, rent or mortgage, suppliers, taxes. And you’ll presumably need to provide yourself some income too. Business interruption insurance can help keep your business afloat as well as pay for a temporary site if necessary.
Workers’ compensation insurance
Workers’ compensation insurance helps cover the medical expenses and a percentage of lost wages for an employee who got injured during work or becomes ill.
Discover if you’re eligible to include workers’ compensation coverage in your Tow Truck Insurance package.
Business Property Insurance
This insurance protects your towing business against damages to your property from earthquakes, fire, vandalism, storms, theft, and accidents. The property includes more than just the building; it includes outdoor fencing, signage, furniture, or inventory.
Are the vehicles you use for work covered by a Commercial Auto or Hired & Non-Owned Auto Insurance policy? If not, your business is at a risk for the super high costs of accidents like medical expenses, lawsuits, vehicle damage and many more.