Sometimes we run into bad luck. Running a tow truck business, you know that anything can happen – you face a lot of risks, and sometimes those risks catch up with you. Tow truck insurance exists to help your business out of tight spots and protect your towing operation, but there are a lot of coverages out there that you ought to consider before being satisfied that your business is protected from anything the road can throw at you (or any trees that could fall on your tow trucks – we’ll explain in a second.) One of those coverages is physical damage coverage. We’ll explain what physical damage coverage is and how it can protect your business.
We’ve all seen news reports about trucks – tractor-trailers, especially – rolling over and causing car accidents, injuries, and even fatalities. Rollovers can happen all-too-easily, and it’s important to be aware of how you can prevent them and what raises your risk of having a rollover. By doing so, you keep yourself safer when you’re behind the wheel and lower your chances of having a crash that could injure you and other people. Avoiding crashes can also help you lower your truck insurance rates, whether it’s tow truck insurance, dump truck insurance, or flatbed truck insurance. We’ll go over some potential causes of rollovers and give you some tips for preventing them.
As a tow truck driver, there’s a lot of pressure to hustle on the job so you can haul as many cars as possible. You don’t want the customer to have to wait a long time for you, and when you finally get to the car that needs to be towed you may feel the need to get the car to where it has to go as soon as possible. There may even be the temptation to speed and push the speed limit. However, speeding comes with a lot of risks. It can cause car accidents and can even have a negative effect on your tow truck insurance rates. We’ll go over the dangers of speeding.
As a tow truck driver, it’s essential to be as prepared as possible for anything. Things can change on the road in the blink of an eye. You’re not alone on the streets, so you have to pay attention to what other drivers are doing. Constant vigilance is a must – driving is dangerous. Defensive driving can help you avoid getting into an accident, which can help you save money on your tow truck insurance rates. (And that’s helpful because tow truck insurance rates have been increasing.) We’ll explain the three aspects of defensive driving and how it can help you avoid accidents.
If you sometimes feel like your head is spinning when you’re confronted with all of the insurance-related terms you have to know for your tow truck business, don’t worry – you’re not alone. With all the different types of tow truck insurance out there, not to mention all the fancy insurance words, it can get overwhelming. One of those buzzwords you might have been wondering about is deductible. Maybe you’ve been wondering what exactly a deductible is and why people make a big deal about it. We’ll give the definition of deductible and go over what it means. Even better, we’ll explain how it can affect your tow truck insurance rates.
Something about cell phones is too tempting to ignore. Though we know that we shouldn’t text and drive, somehow it happens anyway – and often with disastrous consequences. According to the National Highway Transportation Administration, 391,000 were injured and over 3,400 were killed in distracted driving accidents in 2015. The CDC reports that every day in the United States about nine people are killed and 1000 are injured in crashes that involve a distracted driver. As a tow truck operator, you and your drivers spend hours on the road, and it’s essential that your full attention is on the task at hand. We’ll take a look at why texting and driving is so deadly for tow truck drivers.
There’s this thing called Murphy’s Law that states that anything that can go wrong, will go wrong. Perhaps it seems a tad pessimistic, but as a tow truck driver, you may be inclined to believe it. You’ve seen plenty of strange, unlucky, and crazy situations out there on the road. But what if Murphy’s Law hits your business? What if something happens to one of your tow trucks – say, a cracked windshield or a smooshed front bumper? You might immediately think to file a claim on your tow truck insurance. It was invented for Murphy’s Law, after all. But you may want to pull out a calculator and do some numbers before you do. Claims have an influence on how much tow truck insurance costs. We’ll explain why.
Towing cars isn’t always an easy job. There’s a lot of responsibility associated with transporting someone else’s car, and so safety is absolutely paramount for tow truck companies. You might have a good record for your business with few accidents, tickets, or losses, but it’s still important to do everything you can to establish high safety standards for your company (and besides, it can help you save money on your tow truck insurance rates.) That being said, here are a few ways you can boost safety at your tow truck business.
Calling a tow truck company to transport your car is probably not something you planned to do, and it may not be something you’re particularly happy to have to do. Your first question might be how much it will cost to repair your car – it’s making a very ominous clicking sound. The second might be how much does a tow cost. Every towing operation is different and it might be difficult to pin down an exact price prior to the tow. You might be envisioning triple dollar signs. Let’s see if we can put your mind at ease by giving you the average cost of a tow and explaining how tow pricing works.
You might have heard that tow truck insurance rates are on the rise. Many tow truck insurance carriers have backed away from covering tow truck businesses because they think they’re too risky. That has led to many tow truck businesses getting their insurance nonrenewed, while others have seen huge rate increases. As a result, you may be wanting to save money on your tow truck insurance rates by getting cheap tow truck insurance. We’ve got some tips to help you save some money on your rates.