What to Include in Your Tow Truck Insurance Policy

Operating a tow truck can be a great business as it is something that will always be in demand. If you do operate a tow truck, having adequate insurance is extremely important and is required by law. When you are looking to build a tow truck insurance policy, there are several factors that should be taken into consideration to ensure you are properly covered and insured.

Liability Insurance Coverage

Similar to other types of vehicles, all tow truck operators will be required to have liability insurance coverage. This type of coverage is required by law and will provide protection in the event a tow truck operator is found to be at fault in an accident that causes property damage or bodily injuries to the other party.

Collision and Comprehensive Coverage

While the law does not necessarily require it, all tow truck owners should also carry collision and comprehensive coverage. This type of coverage will provide coverage in the event the tow truck is stolen, vandalized, or involved in an accident with an uninsured motorist. Due to the investment that goes into buying a tow truck, having adequate coverage is very important.

Commercial Tow Truck Coverage

While there are many standard types of coverage that a tow truck operator will need to have, there are also more specialized types of coverage that should be included as well. A tow truck operator should also have garage keepers legal liability insurance coverage. This type of coverage will provide liability protection for a customer’s vehicle when it is stored on your lot. Tow truck operators should also have on-hook towing coverage that will provide insurance coverage during the period of time in which a car is actively being towed.

If you operate a tow truck, you should contact us to learn more about what types of insurance coverage you should have.We provide commercial truck insurance in the states of Florida, Georgia, Texas, North Carolina, South Carolina, Tennessee, Illinois, Iowa, and Nebraska.

David Ott

David Ott