When you have the responsibility of safely transporting customer vehicles, you need to ensure that you’re properly covered in case anything goes wrong. Whether you’re an independent tow truck driver or the owner of a small business tow truck company, finding the right insurance for your needs is vital. Here are the key components to look for in commercial tow truck insurance.
Garage Keepers Insurance
A garage keepers policy keeps you covered if any of your customers’ vehicles become damaged while on your business property. According to the experts at Gain Insurance Agency, this can include your auto repair shop, garage or lot. Garage keepers coverage also provides you with the protection you need if any damage takes place during business hours.
On-Hook Towing Insurance
This type of coverage keeps your customers’ vehicles covered if they become damaged while being towed. With the right on-hook towing insurance, you can stay protected from any costs that result from the damage. This can allow you to continue running your business without suffering a major loss.
Operating your own tow truck or running a tow truck business requires you to be aware of the various risks you face. By finding the right commercial tow truck insurance for your needs, you can be prepared for almost any situation.