What Insurance Do I Need for My Tow Truck?

Having a tow truck and being in the towing business can be both exciting and profitable. But before you start towing you need to make sure you have the right insurance coverage to protect yourself, your employees, and your customers.

When it comes to tow truck insurance, there are a few key coverages that are essential for proper protection. The most important coverage is liability insurance, which will cover any costs associated with property damage and bodily injury that may occur while you are providing services in your tow truck.

This type of policy should include both general liability insurance as well as auto liability insurance.

It is also important that you have comprehensive coverage for your tow truck itself. This will provide protection from physical damage in the event of an accident or other incident such as theft or vandalism. You should also consider adding uninsured/underinsured motorist coverage to protect you if another driver who does not have adequate insurance causes an accident while you are on the job.

If you plan on hiring employees or subcontractors, then it is crucial that you carry workers’ compensation insurance as well. This type of policy will provide financial assistance for medical expenses and lost wages if one of your workers is injured while working with your tow truck.

Finally, if you plan on offering roadside assistance services such as jump starts or tire changes, then it is important to have roadside assistance coverage as well. This policy will provide protection against any costs associated with providing these types of services.

Conclusion:
Overall, having the right insurance in place for your tow truck business is essential for protecting yourself, your employees, and your customers. Liability insurance, comprehensive coverage, uninsured/underinsured motorist coverage, workers’ compensation insurance and roadside assistance coverage are all essential coverages that need to be considered when determining what type of insurance do I need for my tow truck.

Photo of author

Karen Watkins