How can umbrella insurance protect your tow truck business?

Umbrella insurance can help your tow truck business handle big claims.

No one wants to think about what would happen if one of their tow trucks was in an accident, but humor us for a second. Imagine one of your tow trucks was in a wreck and your driver was found to be at fault. You might be facing having to cover $4 million in damages. Yikes. Fortunately, you have auto liability insurance…but the limit on that policy is $1 million. Uh oh. Where’s the other $3 million going to come from? That’s where umbrella insurance comes into play.

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