Tow Truck Insurance: Protecting Your Assets

As a tow truck operator or tow truck business owner, you are consistently performing valuable services for people in the community. If you want to continue performing these services for a long time, you will need to be armed with the right tow truck insurance. Tow truck insurance is indispensable.

The insurance needs of tow truck companies will not be the same, so it is important to work with a tow truck company that will provide you with the customized insurance policy you need. Tow truck companies are not the only ones that can benefit from tow truck insurance. There are other businesses that can greatly benefit from tow truck insurance.

What Businesses Can Use Tow Truck Insurance?

Any business that takes on the responsibility of towing vehicles or providing any type of similar service can benefit from tow truck insurance. The following businesses generally use towing services internally and externally:

  • Repair shops
  • Salvage shops
  • Auction haulers
  • Auto club contractors
  • Roadside service providers
  • Automotive shops

Liability Insurance

Liability insurance can offer your tow truck company the extra protection it needs in various situations. As a tow truck company, you are aware of the challenges you can run into on the highway. You may have experienced a few of those challenges when vehicles are under your care or while the vehicles are being transported. 

Here are some liability policies you may want to ask about for your tow truck company:

  • Tow truck liability insurance
  • Garage service insurance
  • Medical payments
  • On-hook towing insurance

It is imperative to have the right type of liability insurance when you are operating a tow truck company. Liability insurance can offer more than just protection from damages, but it can also cover the costs you may incur while defending your business if someone brings a case against you. 

Business Owners Policy(BOP)

Tow truck insurance and liability insurance are not the only types of insurance coverage you may need. As the owner of a business, you will need extra protection just like other business owners. A BOP can offer the coverage your business needs as it relates to your trucks, office equipment, supplies, and more. 

A BOP can also offer protection if you have the temporarily close the doors to your business while maintenance, repairs, or reconstruction is taking place. The interruption insurance coverage under this policy will provide you with the funds you need while your business operations have stopped. As a tow truck business owner, there are many options on the table when it comes to insurance. 

We are here to help you learn more about all the options that are available. We want to help customize an insurance policy that will offer your business the protection it needs.

Contact us today to learn more.  We write all types of tow truck insurance in Florida, Georgia, Tennessee, Texas, Illinois, Iowa, Nebraska, North Carolina & South Carolina.

David Ott

David Ott