4 Types of Coverage You Need for Your Tow Truck

There’s some things you can’t predict or prevent. That’s why all drivers need roadside assistance from time to time. The increasing need for roadside assistance is what makes the tow truck industry so sustainable and lucrative.

However, there’s no denying the industry’s obvious risks. In fact, the towing sector is one of the riskiest businesses out there. From property damage to bodily injury, your fleet needs quality insurance coverage to avoid financial loss and to protect the business, clients, and drivers.

In this article, we will discuss four important insurance coverages you need for your tow truck.

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How to Keep Your Tow Truck Drivers Safe

tow truck driver smiling

The towing industry is seen as a high risk industry since large vehicles and machinery are involved. In order to ensure safety while on the job, drivers and owners must be held accountable and follow proper operational procedures. The Occupational Safety and Health Administration has proposed several regulations to prevent illnesses, injuries, and accidents in the towing industry. Here’s some tips on how to keep your tow truck drivers safe.

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How Much Does a Tow Cost?

car getting a tow

The average cost to get a tow ranges from $75 to $125. Most companies will charge around $50 for a 5 to 10 mile tow. After that the price per mile increases $2 to $4. However, the cost may vary due to several reasons.

In this article we will discuss what affects the cost of a tow and what other services tow companies offer.

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Common Mistakes When Purchasing Tow Truck Insurance

tow truck hauling wrecked vehicle

Insurance coverage is essential for larger vehicles and especially tow trucks. With so many options at your disposal, it can feel a little overwhelming. The insurance costs tend to be very high due to the risks involved in the towing industry. The injury and accident rate is quite high, to say the least. Here are a few mistakes that you should avoid when choosing your tow truck insurance.

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Ways to Save on Tow Truck Insurance

tower loading a car

Reducing your tow truck insurance is different from lowering your personal vehicle premium. After all, your personal car isn’t involved in risky activities like tow trucks are.

Put simply; tow truck insurance is typically higher compared to that of private cars and delivery vans. And because a tow truck comes in contact with other trucks by design, its liability is trickier. Towers have to operate large trucks hauling broken down vehicles; therefore, they’re responsible for transporting them safely to the desired location. Insuring the towing business can be risky and expensive due to accidents and rising claims.

Fortunately, you can rely on certain savings tips to reduce your tow truck insurance. Keep on reading to learn more.

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What Property Owners Can Do About Unauthorized Vehicles

It’s been a hassle for owners to deal with unauthorized vehicles parking on their private property. This has become a nuisance not only for property owners, but also for their agent.

To deal with the issue, vehicle code §2265 of California has authorized property owners to remove unauthorized vehicles from their private properties. However, they must follow certain procedures under specific conditions.

Here is a guide of what you can do about unauthorized vehicles on your property.

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3 Commonly Asked Questions Regarding Tow Truck Insurance

An insurance policy for a tow truck business often includes liability coverages for personal injuries, property, and other damages. Moreover, a tow truck insurance policy offers comprehensive coverage for collision, fire, and theft. If you run a business that deals with trucks or heavy vehicles, you might have questions regarding insuring them. For a new trucker, understanding the tow truck insurance policy is a little overwhelming.

Don’ fret if you don’t know how to go about it. Here, we’ve listed the top three common questions regarding tow truck insurance.

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Steps to Starting Your Own Repo Business

Starting a company requires hard work, determination, and patience. The same goes with starting a repo business. When starting out you may face challenges and hurdles, but the hard work will pay off.

Starting your own vehicle repossession company requires  certain steps to follow in order to make it successful. This article discusses everything you need to know about starting your own repo business.

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