If you tow disabled vehicles, then you need specialized tow truck insurance. Just having regular truck insurance is not enough. However, rates for tow truck insurance can be expensive. In fact, many insurance carriers have raised their rates as towing vehicles can be risky.
Tow trucks can be the rescue vehicles of the road. They’re flexible enough to do tough jobs such as repo, recovery, and removal quickly and efficiently. As a driver, you can have a broad range of training for any type of situation, or you could specialize in driving for specific towing jobs in the industry. If you’re a tow truck business owner, it’s up to you to know all sorts of regulations, train everyone properly, have trust in your driver’s split-second decisions, and get the right insurance to protect you, them, and your company as a whole. From flatbed and hook & chain tow trucks to wreckers, wheel lifts, and heavy-duty trucks, there are tons of ways for a tow truck driver to hit the road. So, there are just as many ways to cover your business with tow trucking insurance.
Here we’ll go into detail about the tow trucking world. Find articles on tow truck news, costs, business start-up and business efficiency tips, helpful hiring hints, and how to save money on your insurance.
What does a garagekeepers policy cover?
Do you own a garage and operate a tow truck? If so, then you might need a garagekeepers policy. Garagekeepers insurance policies provide protection for a vehicle while it is in your garage. It protects the customer’s vehicle while it is parked or stored at your location. Covered events can include:
Who needs on-hook insurance for towing?
Tow truck operators are responsible for moving stalled, wrecked, or damaged vehicles from one place to another. What happens if the vehicle that you are towing is damaged while in your possession? You could be liable for repair or replacement costs. (And that’s why it’s so important to get the right tow truck insurance.)
For example, let’s say that you own a garage.
How to get tow truck insurance for your business
Do you earn your income by towing disabled vehicles? If you do, then you probably need specialized tow truck insurance. Whether your business has a fleet of tow trucks or just one, you need tow truck insurance. Here are the steps to finding the perfect tow truck insurance for your needs.
How Driveaway Insurance Can Save Your Towing Company Money
Driveaway insurance can save your tow truck company some serious money. It covers you when you drive a vehicle away from the scene rather than towing it. Would you be doing more driveaways if you knew you were protected?
How to choose a heavy-duty tow truck company for your semi-truck
As much as we wish that we could simply go about our days without any major catastrophes happening, we all have to be prepared for Murphy’s Law: anything that can go wrong will go wrong. When you drive a complex and heavy-duty vehicle like a tractor-trailer, those little mishaps can turn into a complete disaster.
What tow truck insurance coverages do I need to tow cars?
If you’re in the towing industry, you’re going to need specific towing insurance to protect your vehicles. Insuring a tow truck isn’t quite the same as insuring a car or a semi-truck.
Why are tow truck insurance rates going up?
If you run a towing business, you may have noticed a trend that doesn’t exactly make you happy – tow truck insurance rates have been going up. Your bills are probably higher than you would like. You might be seething about your rates, but it’s important to understand that the trend of increasing tow truck insurance rates isn’t just an arbitrary thing.
How much does tow truck insurance cost?
If you own a tow truck or a towing business, you may have noticed that your tow truck insurance rates are on the rise. Wrecker and tow truck businesses come with a significant amount of risk, which is why the insurance rates can be so high. Anyways, with the way things have been going, you might be a bit concerned about the cost of tow truck insurance.