Get the best coverage for your tow trucks.
Tow truck insurance is an important type of coverage designed specifically for tow truck businesses. This form of commercial insurance provides protection from financial loss due to liability claims, property damage, and even injury or death incurred during the course of a tow truck's regular operations. Generally, tow trucks will need higher limits of liability and additional coverages such as on-hook coverage that are not typically present in standard commercial policies. Tow truck businesses should consult with an experienced insurance professional when selecting their insurance policy in order to make sure they meet applicable state laws and regulations, as well as protecting themselves from potential losses.
When selecting tow truck insurance, it is important to consider the different types of coverage that may be included in a typical policy. Most policies will provide coverage for liability, physical damage, medical payments, uninsured/underinsured motorist coverage, and cargo insurance. Liability coverage protects your business from claims arising out of bodily injury or property damage caused by you or any of your employees while operating a tow truck. Physical damage coverage protects you from costs of repair or replacement in the event of a crash. Medical payments coverage covers payments resulting from injuries to passengers in your tow trucks. Uninsured/underinsured motorist coverage provides payment when an accident was caused by someone with no insurance or not enough insurance to cover costs resulting from the claim. Finally, Cargo Insurance covers property transported by you during finished contracts and can include devices such as flatbeds, containerized loads and snatch vehicles.