For the past few years I have relied on the services of a Long Island Towing company to transport and resurrect my aging Jeep Cherokee. But, those times have come and gone and the car that has been driving my family around for the past sixteen years will be making its’ last journey later this month. It has seen over 250,000 miles worth of wear. It has seen the entire Eastern seaboard of the coastal United States. Traveled as far West as the Great Plains and even served as a temporary home for some of my family members (even me) at times. So, when our Cherokee’s engine goes to rest for the final time it will be time to reminisce about all of the memories that we had in our car. Memories that would have never been made possible without the help of a towing company dedicated to keeping my car on the road.
Unfortunately, not everyone may be as appreciative of your services as my family and I have been. Disgruntled customers and minor accidents can turn into major obstacles for your towing business if you are not adequately insured. To avoid such a cataclysm we have included some of the policies that you may want to consider acquiring (under high risk truck insurance) to cover your business.
General Liability Insurance
This policy may be required by law (check your local rules and regulations) and is typically an insurance must-have in most contracts. It will protect you and your business in the event of an offsite accident or if someone visiting your offices ends up injuring themselves. General liability insurance will ensure that any additional costs or litigation are covered which may end up saving you quite a bit of money. And, while we are on the topic of legally required insurance policies, be sure to acquire workers compensation insurance. It will cover your employees if they suffer a work related injury and get them back to work much faster.
Commercial Auto and Truck Insurance
If you are a tow company you probably have a tow truck or two (probably more) and you will want to make sure they are insured. With a commercial auto and truck insurance policy you will guarantee that your vehicles are covered, in the event of an accident, and will also cover the cost of repairs. This should allow you to focus less on how you will pay to get your vehicle fixed and allow you to focus more on when it will finally get back from the mechanic.
If you have any further questions about which policies you need feel free to give us a call at 1-800-649-9094. We look forward to hearing from you (and thank you for keeping my car on the road)!