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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The Benefits of Dash Cams for Tow Trucks

dash cams for tow trucks

According to the National Transportation Safety Board, fleets and towing businesses should consider installing a video monitoring system in their trucks. By doing so companies can protect their drivers against fraudulent claims and improve their driving skills.

Dash cams have become an essential device in both the trucking and towing world. As you know, operating a heavy-duty vehicle requires a lot of skill and there are a lot of risks involved. In fact, tow truck accidents can be very costly. This is where dash cams would prove to be very beneficial.

Dash cams give you the ability to monitor your surroundings and refer back when necessary. For example, say you’re parked and go inside for a snack, and when you come back out someone backed up into your tow truck. Without the help of a dash cam, you wouldn’t know who did it or have any proof. Therefore, you could be left footing your own repair bill!

The point is, dash cams can help towing companies save a significant amount of money. Then this money could be used towards improving fleet performance and safety.

In this article, we’ll discuss the many benefits of using a dash cam for tow trucks.

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How to Navigate a Claim Dispute and Why You Need Cameras

why you need cameras to dispute insurance claims for tow truck accident

Claim disputes are a common issue. You may encounter disagreements over the price of repairs, the extent of damage, and your claim’s scope. Thus, it’s good for you to be informed when it comes to handling such claims if you have a tow truck service.

So, we created this guide for you on how to navigate a claim dispute and why you need cameras.

Problems of a Claim Dispute

Dealing with a claim on your tow truck insurance can bring various challenges to your daily routine. For instance, such issues often drag around for several weeks (or longer), which might mean you won’t have access to your truck during this time.

Plus, you may also fail to get the right compensation. Usually, that happens if you don’t get your facts right or use the right techniques to manage the tow truck insurance issue. You need to be well-informed as a driver so that you can handle such claims smoothly.

4 Tips for Managing Insurance Claims

There are a few key things you can do when you are facing a claim dispute. Below are the useful techniques you can use to navigate through such an issue to ensure you get back in business ASAP:

1. Get in Touch with Your Insurance Company

Usually, a representative or agent helps you to solve the claim. However, if they fail to help, get in touch with the managers of the insurers’ claims. Remember that your insurance company might have a support team where you can submit your complaints. Also, most companies have documents and policies online, which you can use to navigate the claim process.

2. Get Your Facts Right 

Send documents and even an email detailing why you are not satisfied with the claim. Remember to include all the useful information in the text. Plus, they might also need your contact information and claim number. You may need anything such as videos, witness statements, evidence of damage, and more to support the claim.

We can help you save on your tow truck insurance.

3. Get an Arbitrator to Help 

An independent arbitrator with the skills and prowess to handle cases involving disputes can be an excellent recommendation. You can get referrals to arbitrators from an arbitration company such as the American Arbitration Society. However, remember that you may have to part with some fees for this service.

4. Consult your Attorney

You could also benefit from an attorney at this point. It’s always good to have the contacts of a competent attorney with you. Get in touch with the attorney, and explain the accident’s facts and the claim you want to post.

Why You Need Cameras

Installing cameras is important if you are a truck owner. The good thing is that there are many compact cameras, which are easy to install and have large storage capacities.

The key benefit of a camera is that it records your driving activity. In the event of an accident, you can share the video as part of your claims. More so, some insurance companies require that car owners install cameras in automobiles. It can be a good way to avoid claims and settle disputes based on facts.

In case you weren’t convinced to get cameras yet…

You never know when you will get an accident, leading to personal injury or damage to your truck. Since the truck is a key aspect of your business, keeping it running should be a priority. Thus, we have outlined some of the key aspects of how to navigate an insurance claim and why you need cameras.

 

What’s a deductible and how does it affect my tow truck insurance rates?

Choosing a deductible for your tow truck insurance can be a balancing act.

Tow truck insurance comes with many insurance-related terms that you need to know. Liability. Exclusions. Claim. Premium. One of those words is deductible. Now, your deductible is an important part of your tow truck insurance. We’ll give you the definition of deductible and explain how it affects your tow truck insurance – it might seem like just a random number, but it’s much more than that.

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When should I file an insurance claim on one of my tow trucks?

Reporting a claim for your tow trucks could make your insurance rates go up.

To claim or not to claim, that is the question. If you drive tow trucks for a living, you’ve seen your fair share of crazy situations. At this point, you’re pretty convinced that you’ve seen everything that life can throw at you. Anything can happen when you’re in charge of transporting broken cars to where they need to go.

Anything includes, well, anything. Frustrating things that leave your tow truck damaged might leave you asking if the universe is out to get you. To fix the problem, you might be tempted to claim it on your insurance.

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