Insurance for Tow Truck Companies

Insurance for Tow Truck Companies

Tow Truck Companies offer an important service that can be very helpful for some, and frustrating for others. While the needs and operations of Tow Truck Companies can differ, there are some important coverages that every Tow Truck Company should obtain.

Insurance for Tow Truck Companies – Commercial Auto

First and foremost, all Tow Truck Companies should carry some form of Commercial Auto Insurance. Commercial Auto Insurance is not only an important coverage, but it will likely be required by companies you contract with. When shopping for Commercial Auto Insurance Coverage, we recommend obtaining $1,000,000 Combined Single Limit coverage
limits. Again, these limits are often what is required by contract when performing work for other companies.

Insurance for Tow Truck Companies – General Liability

General Liability is a common coverage that you probably have heard about before. There are many General Liability programs available for Tow Truck Companies and many of them are quite affordable. Like with the Commercial Auto Insurance, this coverage is important to protect your business, but it may also help you get contracts, as many companies that contract with Tow Truck Companies require a General Liability policy to be in force. In some cases, you can obtain discounts on your Commercial Auto policy by having a General Liability in force.

Insurance for Tow Truck Companies – Garagekeepers Insurance

Garagekeepers Insurance is an important coverage depending on your Tow Truck Company’s operations. This coverage applies more so to those Tow Truck Companies that store vehicles at their property after the Tow. These vehicles, if damaged or stolen, may be your responsibility. For this reason, carrying a Garagekeepers policy is especially important. In many cases you can simply add Garagekeepers Insurance to your current General Liability policy.

If you own or manage a Tow Truck Company, we would like to speak with you. You can reach us at 925-297-4829!

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.