4 Tips for Running a Successful Towing Business

running a towing business

Planning to establish a towing business, but wondering how you can make it work? If you want to be successful and surpass the competition you’ll need to pick a niche and increase your operational efficiency. We’ll discuss this in more detail below.

In this article, we’ll discuss several tips for running a thriving towing business. Let’s get started!

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The Advantages of Buying a Used Tow Truck

used tow truck

Regardless of whether you’re just starting out in the industry or looking to expand your fleet, investing in a used tow truck is an excellent money-saving option. As we all know, purchasing and maintaining a tow truck is a very costly investment. Therefore, we understand the desire to not spend tens of thousands of dollars on a brand new one.  Luckily for you, a pre-owned tow truck in many cases can be just as good as a new one!

In this article, we’ll discuss some of the benefits of purchasing a used tow truck. Let’s get started.

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Fuel Saving Tips for Tow Truck Drivers

Fuel Saving Tips

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.

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How much does a tow truck cost?

Tow truck cost depends on what kind of tow truck and customization you choose.

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.

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Workers Compensation for Towing Businesses: Why You Need It

workers compensation for towing businesses

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.

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What Is Garagekeepers Liability Coverage?

Garagekeepers Liability Coverage

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.

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Wheel Lift vs Hook and Chain Tow Trucks

wheel lift vs hook and chain

A tow truck is one of the best options when it comes to drivers who need assistance on the road. It doesn’t matter if your vehicle breaks down at night or your car is totaled in an accident, a tow truck driver can help. These tow trucks are constantly evolving which helps make the towing process much more efficient.

Two of the most common tow truck types are the wheel lift and hook and chain tow truck. Both these vehicles have their pros and cons; therefore, understanding their key differences is crucial.

In this article, we’ll discuss wheel lift vs hook and chain tow trucks. Let’s get started.

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Steps for Getting a Repo License

Repo License

When a borrower is unable to pay off their debts their lender will send a repossession agent after them to collect their property. Oftentimes these items repossessed are cars. If you’re a tow truck driver doing repo work you likely had to jump through many hoops to obtain your license. Despite this, the job can be very rewarding.

If you’re looking to get started in the repossession business then here are the steps for obtaining your repo license.

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The Benefits of Flatbed Towing

flatbed towing

Towing companies offer their clients a wide range of services, depending on what they need. However, they’re most known for transporting vehicles from one place to another. There are several types of tow trucks you can choose from. However, a flatbed is becoming the preferred method these days.

In this article, we’ll discuss the many benefits of using a flatbed tow truck. Let’s get started.

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