When your business vehicle got involved in an accident, you'll be glad to have Commercial Auto insurance as it covers repairs to the vehicle you drive for business. It can also cover your vehicle if it is damaged by weather events, collisions or theft. The insurance can also pay for the lawsuits associated with the accidents, medical and legal fees.
Inland Marine insurance will cover the property that is transported over land, the instrumentalities of transportation, as well as the tools and equipment you use for transporting goods. It also covers the products you ship using a truck, train or van in case it is damaged in transit.
Workers' Compensation insurance provides employees with wage replacement, medical benefits, rehabilitation expenses if the employee is sick or injured on the job. In exchange, employees relinquish the right to sue for employer negligence if this happens.
General Liability protects your business assets by covering claims of third-party property damage or bodily injuries caused by your business or your employees, along with other related risks. The insurance will also cover the cost of legal defense and the damages suffered by the other party or punitive damages.
These establishments provide towing services for motor vehicles. They may also provide emergency road repair and storage services.
Since you carry other people's property most of the time, tow trucks face a lot of risks. These risks could be property damage, personal injury, employee accidents, and other related risks. Without insurance, your business is responsible for these expenses out of pocket. When you have insurance, the insurance will cover these risks up to the limits of the policy.
Proper coverage for your towing business includes towing insurance, but there may be some other essential coverages that you might have overlooked. You’ve worked hard to build your towing business, likely involving some early mornings, late nights, and more than a few 3 am calls. A complete tow truck insurance package can help protect your business investment in terms of time and money and can also protect your assets.
There are several types of risks that your business can face. Below are some examples:
Tow truck insurance rates are based on a number of factors, including the number and types of trucks you have, the number of miles driven and geographic area, and your driving history. The types of coverage you choose and your coverage limits also affect premiums. CoverWallet works with many of the top insurers nationwide, which helps ensure you’ll get a competitive rate for your towing business.
Getting a quote is quick and easy and you can be properly covered faster than you might think.
Like tow trucks themselves, towing businesses come in different types and sizes. Maybe towing is your only business or maybe you do some occasional towing as a way to complement your primary business. Whether you have a fleet of flatbed tow trucks or a single truck you use a few times a week, CoverWallet can help you build a commercial tow truck insurance package that meets the specific needs of your towing business.
If you have any of these types of towing businesses, CoverWallet can help:
A repair business that tows a dozen cars a month has different coverage needs than a towing fleet with a dozen trucks running 24 hours a day. CoverWallet’s experienced agents can help you choose the right coverage for your towing business.
Your commercial tow truck insurance can cover a number of risks for your business starting with Commercial Auto Insurance, but possibly also including other essential coverages. Commercial Auto Insurance is at the heart of your insurance package with liability insurance to cover bodily injury and damage to property. Physical damage coverage can provide protection for your tow vehicles if they are damaged due to an accident, fire, theft, or other covered risks.
Your tow truck insurance policy can cover:
Depending on the size of your business, you may want to bundle the coverage for your truck with coverage to protect your business in other ways.
Among the most common policies purchased by towing providers are:
CoverWallet offers towing policies from several top insurers which allows us to find coverage that fits both your business and your budget. Many of CoverWallet’s tow truck insurance customers bundle their tow truck insurance coverage with other policies they need for their business which brings down the total cost of insurance by purchasing everything through one insurer.
A Commercial Package Policy can provide all the coverage you need without the expensive extras, so you can get back to business knowing your trucks and business are well covered. Just reach out to CoverWallet’s team of experienced agents for a fast, no-obligation insurance quote.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
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