Running a tow truck business can be rewarding but also risky. Clients usually trust you to safely move their precious cars or other equipment from one point to another. Unfortunately, anything can happen along the road to deliver the load to the destination. For this reason, it is crucial to protect yourself from liability with tow truck insurance. Here are three benefits of having tow truck insurance.
It Shields You From Huge Medical Expenses
When driving a tow truck, you might get into a collision, especially if the car being towed is not well hooked and is obstructing an oncoming vehicle. If you cause an injury, you could incur huge medical costs.
Thankfully, you can have a tow truck insurance product that takes care of medical bills and compensates the third party injured by your tow truck.
Always take safety precautions and confirm that a vehicle is well hooked before you start driving to avoid accidents. However, if an unfortunate incident happens despite taking the necessary protective measures, the tow truck insurance will protect you from liability.
It Covers Physical Damage
If your tow truck caused damage to another car or property in a collision, the tow truck insurance would take care of any repairs needed under the liability coverage. This policy will also cover any physical damage to your tow truck.
It is a legal requirement for tow truck drivers to purchase the liability coverage. You can also opt for a comprehensive policy that covers physical damages to your tow truck caused by different reasons other than accidents such as fire, falling trees or debris, vandalism, or theft.
It Covers Damages During Service
If you also offer roadside services, you should combine tow truck insurance with the garage service insurance to take care of any damages to the car while under your service. This policy will cater for the costs of repairing the damages you have caused.
As a tow truck driver, you should be protected from disasters that can happen on the line of duty. Our insurance experts can guide you to choose the right tow truck insurance coverage. Our services are available in Tennessee, North Carolina, South Carolina, Nebraska, Florida, Georgia, Illinois, and Iowa. Contact us today for more information and to request a quote.