So, if you have a tow truck business, you’ve probably heard it time and again: you need the right insurance to protect your business. Towing is a unique industry with a lot of risks, and that’s why having the right coverage is so crucial. There are many different tow truck insurance coverages that work together to protect your business in the event of an accident. We’ll explain how that works by going through a hypothetical accident that occurs within a hypothetical towing business.
Okay, so it’s kind of the worst nightmare of a lot of drivers, whether you’re driving an ordinary car or a tow truck: a deer darts out into the road right in front of you and you can’t help hitting it. Not only is it downright terrifying (and sad for the deer), but a deer can do a lot of damage to a vehicle. So, if you’re cruising along in your tow truck and all of a sudden – wham – you hit a deer, what happens? Are you covered by your tow truck insurance? We’ll explain.
As a tow truck business, there are a lot of potential risks out there. And that means there are different types of insurance that towing businesses need. (There are a lot of fancy insurance words out there that can be confusing and overwhelming.) One coverage that you might need to consider for your tow truck business is how to get garagekeepers insurance. Here are a few tips.