If your company uses tow trucks for business, it’s crucial to protect your vehicles with the right type of commercial auto insurance. Tow truck operators are always there when we need them most, but they often face unique risks while out on the road. If you own a tow truck business, having tow truck insurance can help safeguard your operations against unexpected accidents on the job. This type of insurance protects against common risks that towing companies face, like third party claims of property damage and bodily injury.
Find a local agent today to learn how you can protect your tow trucks on the road. Our agents can work with you to understand your business’ unique needs and get you the right coverage. If you’re a small business owner and would rather start the process online, you can get a quote online from our partner, Tivly.
Tow truck drivers are needed 24/7. Don’t let an unexpected accident or costly claim slow your business down. It’s vital to make sure your business has the tow truck insurance requirements it needs to stay protected on the job. Although requirements will vary by state, it’s a good idea to have these tow truck insurance coverages:
Although coverage availability and requirements will vary by state, common types of commercial tow truck insurance coverages include:
Coverage for commercial towing and storage businesses is similar to standard commercial auto insurance, but there are some truck-specific coverages you can add to your policy, including:
Garagekeepers Legal Liability insurance is a type of physical damage coverage that’s designed to protect your customer’s vehicle while you are keeping it at a covered location for storing, parking or other services. This insurance will cover the cost of physical damage to the car in your care if it’s caused by fire, collision, theft or vandalism. If you own a towing service company and keep customers’ vehicles on your property, it’s a good idea to have this liability coverage.
If you are a tow truck business, you will need On-Hook Towing insurance to protect you while you are towing vehicles that are owned by a third-party. On-Hook Towing insurance can help pay to repair or replace a customer’s vehicle if it’s damaged by a collision, fire, theft or vandalism while your business is towing or hauling it.
Tow General Liability insurance helps financially protect your tow truck business if you’re held liable for bodily injury or property damage to a customer or third-party. This coverage may also help pay for your court costs and legal fees. Some states require all tow truck drivers and companies to have this type of coverage, so be sure to check with your local laws.
The following types of businesses may need commercial tow truck insurance to help protect their operations:
Tow truck insurance helps you have peace of mind knowing you can maintain your company’s financial stability if something happens. The best way to find out how much tow truck insurance will cost you is to get a quote.
With so much time spent driving your tow truck, it’s crucial to have the right type of tow truck insurance to protect you and your employees. Find a local agent and see how The Hartford can get you the right coverage to protect you and your employees on the road. If you’re a small business owner and want to start the process online, you can get a quote for tow truck insurance through our partner, Tivly.
If your business operates other types of trucks, there are additional types of commercial truck insurance coverages that are available to you, like:
