If you own a commercial truck towing service, you know that you play an important role in keeping everything moving on the roads. You are responsible for moving disabled trucks to a repair shop or a gas station so they can be serviced. While this task may seem simple enough, there is plenty of room for things to unexpectedly go wrong. If you run a truck towing business, it is vital that you have good insurance to cover you in case something doesn’t go according to plan.
What Types Of Insurance Do You Need For Your Truck Towing Business?
There are several types of coverage you should consider purchasing for your truck towing business. General liability insurance can help protect you financially if you are legally liable for any bodily injury or property damage. On-hook towing insurance can help you if something happens to one of your customers’ vehicles while you are towing them. You may also want to purchase uninsured motorist insurance. This type of coverage protects you if you or your passengers are injured by a driver who doesn’t have insurance.
How Much Does Truck Towing Business Insurance Cost?
There are many factors that can affect the price you will pay for insurance. Some of these are:
- Your location
- Your driving history
- The type of towing you offer
- The number of tow trucks at your business
Running a truck towing business is not always easy. Good insurance can make a huge difference.