So, usually, we have a little introduction to articles where we take a real-life news story and examine it from an insurance angle. But with this one, it seems easier just to dive into the “what happened” section. Basically, a semi-truck exploded.
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.