Can vehicle transporters purchase towing insurance for their equipment?
Vehicle transporters often need many of the coverages that are found in towing policies. These policies don’t necessarily provide all of the coverages that transporters need, though.
For this reason, most transporters are better served by a different type of policy that’s more specifically tailored to them. An experienced agent can help vehicle transporters find a suitable policy.
Do truck policies come with workers compensation?
Whether workers compensation is included within tow truck policies depends on the specific policy. Sometimes it’s available within a tow truck policy, while other times it has to be purchased through a separate policy that provides just workers comp.
In either case, towing operators should be careful to get this coverage. Workers compensation generally protects against job-related injuries, which wrecker operators are certainly at risk of.
How much are the premiums for tow truck policies?
The rates that insurance companies charge for tow truck policies are based on a multitude of factors. A wrecker’s year, make and model, the number of wreckers, the operator’s experience and driving record, and where towing services are offered are merely a few of the details that can impact premiums.
Nonetheless, premiums for tow truck policies tend to be affordable for operators. They almost certainly cost less than what a major claim might be, especially if multiple injuries and/or extensive damage are sustained.
How can wreckers get tow truck insurance?
For help insuring wreckers that operate in Vermont, contact the independent insurance agents at Paige & Campbell Insurance. Our agents will work closely with you to make sure your chosen tow truck insurance policy protects your business, wreckers and customers’ vehicles well.