Towing Insurance

The most important part of your insurance policy is your general liability insurance. This coverage protects you in the event that you are deemed negligent for third-party injuries or property damage and pays regardless of litigation outcomes.

Every towing company MUST have On-Hook Insurance because it protects any car you have in your possession during transportation to prevent you from having to pay out-of-pocket for unexpected losses related to damage, theft, etc.

If your towing business has one or more employees, no matter their role, Workers’ Compensation Insurance is an important protection that you should need. In the event that an employee suffers a work-related injury, Workers’ Compensation Insurance covers their medical fees and lost wages, protecting your company from litigation.

Your towing company has at least one vehicle and possibly more and those vehicles need Commercial Vehicle Insurance protection. This insurance protects all commercial vehicles of any size and coverage should include accident-related incidents as well as collision and non-collision damages.

Whatever building or garage is the home base for your towing business should be protected by commercial property insurance. It protects your towing business against physical losses from things like theft, fire, wind, falling objects, etc. Physical objects include a range of things such as mechanical equipment, furniture, computers, tools, signs, and more.

Inland Marine insurance protects goods while in transit or in the process of being transported, including removable tools on your truck. Additionally, it protects any Detachable Towing Units (DTUs) you may use.

Umbrella Insurance functions like a supplement to your primary insurance coverage. If you have a claim that exceeds your primary insurance coverage, Umbrella Insurance will cover the balance up to policy limits, preventing you from having to pay for those debts out-of-pocket.

Towing companies are exposed to liability risks related to pollution because they work with things like oil and gas, which are considered to be environmentally dangerous. Pollution insurance covers you in the event that you are liable for pollution or environmental damage related to something like a leak or spill, and also covers medical fees and damages for injury and death due to environmental hazard exposure. Additionally, it covers brownfield restoration and cleanup if necessary.

Secondary Hazard Insurance is sometimes known as Pollution Insurance and affords the same protections. See Pollution Insurance for more information.