If you have a tow truck business that does repo you know that your line of work comes with lots of risks – there are the incidental risks of driving and towing, of course, but there are also risks specific to repo that you’re exposed to every time you go on a job. And that’s why it’s so important to get the right tow truck insurance for your repo business. But how much does repo insurance cost? We’ll explain what wrongful repo insurance is and how much insurance for a repo business costs.
Business Insurance
Your business is unique and you face your own specific risks and dangers, but we can help make sure you’re protected. Every business needs a business insurance policy that’s customized specifically for its needs. At InsuranceHub, we believe in creating a policy that’s built with your business in mind. We know that insurance can get complicated. So, one of our goals is to make the process as easy as possible.
We want to be more than just an insurance company to you. Whether you need a business owner’s policy, general liability, or property insurance, InsuranceHub is here to help. Each of these types of coverages does something different, but we’ll help you figure out which ones are right for you. You’ve worked really hard to build your business, so let us help you protect it.
7 tips for running a successful tow truck business
Running a tow truck business is hard work. It takes a certain kind of person to succeed as a tow truck operator. You have to be extremely driven (pun intended) and very determined. Multi-tasking and juggling are key – you have to manage your employees, maintain the tow trucks, pay the bills, organize the paperwork. Needless to say, you’re a busy person. But guess what? We’ve got some tips for running a successful tow truck business.
What is on-hook insurance and do I need it for my tow truck business?
As a tow truck driver, you’ve got a lot of responsibility. Your client is trusting you to get their car from Point A to Point B without incident – they expect that vehicle to be in the same condition as they left it. That puts a lot of pressure on you to take extremely good care of the car. But what if something happens to the car while you’re towing it – what if you get into an accident? Well, good news – there’s a coverage that can protect the client’s car while you’re transporting it. It’s called on-hook insurance. Let’s take a look at what on-hook insurance is and how it can help protect your business.
What is builder’s risk insurance?
If you’re the owner of a building that is currently being constructed, you might be a little confused or unsure about how exactly insurance works for that situation. Though the building is currently in pieces at a construction site, it still represents a lot of money. There are all the materials, for one, and then there’s the labor of the contractors to consider, too. If anything were to happen to the construction site or the building, you’d be facing a pretty significant loss. But that’s why builder’s risk insurance exists. What’s builder’s risk insurance? We’re glad you asked because we’re going to explain.
8 tips to prevent back pain as a tow truck driver
A lot of truck drivers experience back pain – it happens because of the nature of the job. Tow truck drivers are no exception. When you sit for long stretches of time, get jolted and jostled around as you’re driving, get in and out of the cab of your truck, and lift heavy loads on a regular basis, back pain tends to happen. The back is made up of lots of muscles, vertebrae, disks, and nerves, and just a small tweak to one of these things can aggravate it. The good news is that there are a few things you can do to prevent back pain as a tow truck driver.
5 tow truck workplace safety policies you should have at your business
The towing industry comes with its fair share of risks and dangers. As a tow truck operator, you know the road can be a scary place sometimes. However, there are ways that you can manage the risks that you and your drivers face. Having written workplace safety policies for your towing business is a great way to emphasize safety at your business and keep you and your drivers out of harm’s way.
Here are 5 workplace safety policies you can consider implementing at your business.
3 ways to prevent a major increase in your tow truck insurance renewal rate
You’re probably not the biggest fan of tow truck insurance. We get that – tow truck insurance can get complicated with all of the coverages out there. And, well, towing insurance isn’t exactly cheap. However, it’s a necessary thing. You can’t avoid your insurance renewal every year. Now, you might be dreading your renewal because your rates could go up. Or maybe you’re wondering what the big deal about your renewal is. Anyways, we’ll explain what a renewal is and give you three strategies to keep your insurance rates from skyrocketing.
4 reasons to consider lessors risk insurance
When talking about lessors risk insurance, most people don’t know what a lessor is to start with. This is because when talking about lessors, people generally refer to them as landlords. While landlords may be lessors, all lessors are not the technical definition of a landlord. (Think of a square/rectangle situation.) Recently, there’s been a rise in the amount of people interested in becoming lessors, whether it’s for student housing, apartment complexes, shopping centers, or any other type of multi-unit building.
While some entities know what they’re getting into with their investment, many others only have a vague idea of the risks they face. What’s more alarming is that many of these lessors never consider or buy insurance for their building. Although it’s not legally required to have lessors risk insurance (also called LRO insurance), not having coverage can leave you to deal with some serious losses if anything does happen to your building. If you want to become a lessor, here are 4 reasons to consider insurance coverage for your multi-unit rentals.
2018 Summer Tow Truck Gear Guide
Summer is here, and it’s time for a busy towing season. Plenty of people need help with their cars as they’re traveling to and from their destinations. And you and your tow truck are going to come to the rescue. But in order for you to be a towing superhero, you need the right tow truck gear. Check out our summer gear guide so you can be prepared for summer towing.
10 tips for safe summer tow truck driving
Although summer doesn’t officially start until mid-June, the weather says otherwise. It definitely feels like summer out there, what with the high temperatures, humidity, and sunlight. You might be a fan of the warm weather or you might prefer the indoors, but either way, it’s important to be prepared for the dangers you’ll face as a tow truck driver during the summer. There are a bunch of new risks to contend with. So, how can you stay safe?