Customized coverage for towing businesses

Towing disabled vehicles is how a tow truck company makes money. If you do that, you should have tow truck insurance that is tailored to your needs. The following are some examples of enterprises that may require commercial tow truck insurance:

  • Service providers on the side of the road
  • Contractors for auto clubs
  • Towing in a circle
  • Repair shops for automobiles
  • Repairing automobiles mechanically
  • Stations with full service
  • Haulers for auto salvage and auctions

With so much depending on your tow truck, it’s critical to have coverage tailored to your individual needs.

Protection from towing and storage

More than only a wrecker or a rollback truck might be covered by towing insurance. The following are frequently carried by tow truck companies:

  • Garagekeepers Legal Liability insurance - When your customers’ automobiles are parked on your property, it’s safe.
  • On-Hook Towing insurance - While you’re towing your clients’ cars, this device protects them.
  • Tow General Liability insurance - If you’re legally accountable for physical injury, property damage, or personal injury that isn’t caused by your covered vehicles, this coverage kicks in.

Insurance coverages for tow trucks

You should think about the following towing insurance coverages for your commercial vehicles:

Liability insurance - This covers the costs of injuring others and causing damage to their property. It is divided into two sections:

  • Liability Insurance for Personal Injury
  • Loss of Property Coverage of Liability

Medical Payments Insurance - Covers medical expenses for you and your passengers in the event of an accident or other auto-related injury.

Physical Damage Coverage - Pays for damage to your car as a result of an accident, such as a collision with another vehicle or a falling tree branch. Three types of coverage are included in this towing insurance:

  • Insurance for Collisions
  • Insurance that covers everything
  • With CAC Insurance, you can protect yourself from fire and theft.

Uninsured Motorist Insurance - Covers injuries to you and your passengers caused by drivers who don’t have insurance or enough coverage. It also safeguards you in the event of a hit-and-run. For commercial tow trucks, uninsured motorist coverage may include:

  • Insurance for Uninsured Drivers
  • Insurance for Uninsured and Underinsured Drivers
  • Where available, uninsured motorist property damage insurance