Tow Truck Insurance

Premium Tow Truck Insurance Plans

Not all tow trucks belong to towing companies. Other businesses use tow trucks such as auto vehicle recovery companies, garages that repair breakdowns, and collision repair companies. But a towing company does all of these jobs.

Types of Tow Trucks

There are three main types of tow trucks in use in the United States.

Flat Bed Tow Truck

Sometimes folks refer to these trucks as “roll backs.” This is because the truck works on a hydraulic system that raises and lowers the flatbed and tilts it too. Cars are then placed on the inclined bed, secured and roll back as the bed tilts back done.

Hook and Chain Tow Truck

Rarely does a name so aptly describes an item. A hook and a chain. They work by using chains and hooks wrapped around axles and frames to tow cars. The main drawback to this type of tow truck is that it often causes damage and scratches. Their main use is to move wrecked or junk cars.

Wheel-Lift Tow Truck

Those these trucks look like the Hook and Chain trucks they use a metal yoke that goes under the front or rear wheels of the vehicle it is towing. A pneumatic hoist or a hydraulic lift raises the yoked wheels off the ground. They tow cars without damaging or marring the paint.

Tow Truck Insurance Needs

Workman’s Compensation Insurance

This insurance is required in every state in the United States and California is no exception. If you’re an owner/operator of a towing company and have no employees you do not need this insurance, but if you even one employee you must buy it. It provides protection for you and your company for any work-related illness or injury.

Business Auto

This business auto insurance policy protects your towing business if you or an employee have an accident while driving a vehicle that your towing company owns. It also protects your business vehicles for when your vehicles have been vandalized, in an accident or,stolen.

Garage Keepers Insurance

This is insurance that protects you from towing business legal liability caused by your company to a customer’s vehicle on your business premises. Check with your agent if you work from your home and do not store cars for any reason.

Business Liability Insurance

This type of towing insurance is important as it protects you, your business, and your employees from claims made alleging injury or damages to property. It protects from any Commercial General Liability arising from your daily business operations. In fact, most California insurance agency call this coverage Commercial General Liability.

On Hook/Cargo Insurance

This is special insurance that covers the insured against legal liability for cars, other vehicles or cargo transported legally. Also covered is the loading and unloading.

Umbrella Insurance

Every liability policy has limits, when you reach policy limits, this policy provides more coverage. Your California insurance agent can help you choose the limits for this coverage.

There are several options that allow for adding coverage to policies you buy or other types of insurance that you need. Speak to your agent for details,

Precision offers businesses in Montclair, Ontario, Upland, Chino, Rancho Cucamonga, Fontana, and the entire Inland Empire tow truck insurance options at affordable rates.