Tow Truck

Tow Truck Insurance

As a tow truck owner, you drive during the worst of circumstances to help your stranded customers. These circumstances make it statistically more likely that you’ll be in danger of getting into an accident or getting hit. It’s imperative that you have the right amount of coverage to cover yourself, your truck, and the vehicle in your possession. If your business is full fledge towing business or incidental with your trade, like owning a garage, we offer coverages for all types of businesses that tow.

There are standard coverages that your tow truck and business require to be financially responsible.

Auto liability- This type of insurance will protect you and your business if you or an employee is involved in an accident and found to be at fault. Liability Insurance will cover bodily injury claims, financial support for the medical expenses of the injured party, and financial reimbursement for the property damaged during the accident. This coverage can also cover expenses for attorney fees related to your defense.

 On-hook Insurance covers any damages that may be incurred while you are towing another’s vehicle.

Garagekeepers Insurance covers any damage that may incur to other’s vehicle while in your care. This can be theft, vandalism or weather related.

 Your insurance policy can be structured as a combined single limit or split limits. A combined single limit is a flat amount that applies to any combination of bodily injury and property damage liability claims. While split limits are three separate dollar amounts apply to each accident: per person limit, per occurrence limit for all injured person, and per occurrence.

Uninsured/Underinsured Motorist Insurance- If your truck is damaged or you get injured from another party that does not have insurance or does not have adequate insurance, this coverage can help pay the difference of expenses incurred.

Physical Damage (Comp/collision)-coverage that will pay for damage caused by an incident rather than an accident. Typically, this covers severe weather, theft, or vandalism.

 Medical Payment /PIP -covers medical payments from injuries that occurred during an accident. PIP Insurance covers the policyholder as well as passengers.

 General liability- protects your business if you're sued for personal injury or property damage. A typical policy will cover those accidents or damages that occur on-site or because of using goods or services sold by the company. In addition, coverages can be designed to cover additional costs like attorney fees or court costs. Tow trucks have their own specific types of coverages that have an assortment of coverages for the circumstances while towing including while you’re towing for garaging operation.                            

 Workers Compensation- Coverage and benefits can be obtained for the worker no matter who is at fault. For those workers injured in the workplace, medical expenses and income replacement may be necessary.

Let one of our Trucking Insurance specialists find the right coverage for you today. . Contact us to find out more about truck and trucking insurance in Fort Walton Beach, Crestview, Baker, Defuniak Springs, Holt, Milton, or Pace.