Tow truck drivers understand that fuel is a variable cost that can quickly eat into their profit margins. And with the price of gas at its all-time high, towing companies need to be cautious with how they utilize their fuel.
As a tow truck driver, you can have some control over your vehicle’s fuel consumption with the help of a few simple recommendations.
In this article, we’ll discuss our top fuel saving tips that’ll actually make a difference in your bottom line! Let’s get started.
You might be thinking about starting a tow truck business. Maybe you’ve been thinking about it for a while now, but you’ve got this question on your mind: how much do tow trucks cost? That’s a great question. The cost of a tow truck depends on the options that you choose for your truck. Most towing equipment is customized to suit the needs and convenience of the end user, and the choices that you make influence the tow truck cost. Depending on the options you choose, the cost of a typical tow truck can be anywhere between $58,000 and $850,000.
Anyways, that’s our disclaimer. Below we have some typical pricing for different types of tow trucks.
Workers compensation is required in most states for businesses that have one or more employees. However, the requirements vary from state to state. The purpose of this insurance is to compensate employees who are injured on the job and no longer able to work.
Therefore, businesses that entail a high level of risk should be more inclined to protect themselves and their workers. So, if you run a towing business you’ll definitely fall into this category! It’s important to note that this insurance coverage doesn’t come cheap, and as a towing company, it would be wise to shop around for a pocket-friendly insurance policy.
Let’s discuss further the importance of workers compensation for towing businesses.
Companies in the business of storing customer vehicles need to be protected. For example, tow truck drivers who are called to tow a car in the middle of the night frequently must store the cars in their shops for the night. If a few hours later, someone breaks into the shop and vandalizes the customer’s vehicle, the driver can be held liable. So, in instances like these, you’ll want garagekeepers liability coverage.
In this article, we’ll discuss the importance of this insurance, as well as who needs it and what isn’t covered. Let’s get started.
