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Tow Truck/Asset Recovery and Vehicle Storage Facility Insurance

Failure to carry liability insurance on your tow truck and vehicle storage facility can cost you hundreds or thousands of dollars in unreimbursed property and medical bills. If you’re in an auto accident and a car you’re towing skids into a school van, you’d be responsible for paying medical expenses and property damages resulting accident out of your own pocket – unless you have proper coverage.

Higginbotham represents every leading national and regional insurer, giving you buying power to choose the coverage that best fits your tow truck business and budget. We leverage our size and market strength to negotiate competitive terms and pricing for your insurance, and we provide you with a market analysis showing all the information you need to make an informed selection.

We serve towing and asset recovery business owners across many industries, including:

  • Roadside service providers
  • Asset recovery drivers
  • Auto salvage firms
  • Auto club contractors
  • Rotational towing
  • Auto repair shops
  • Auto body shops
  • Full-service gas stations
  • Vehicle Storage Facilities (VSFs)

Types of Commercial Auto Insurance for Tow Trucks

  • Commercial Auto Liability
  • Commercial General Liability                                  
  • Individual Liability
  • Property Coverage
  • Wrongful Repo
  • Drive Away                                                             
  • Garage Keepers Legal Liability                              
  • Garage Keepers Direct Primary
  • On-Hook Towing                                                     
  • Employee Dishonesty

Having comprehensive insurance will protect you if your tow truck is damaged even in a non-auto accident related event, like fire or theft. But make sure you have adequate limits. If you don’t, then you’ll be responsible for property and bodily injury damages that exceed the limits on your insurance policy. This is especially important if you operate your tow truck in inclement weather.

Uninsured and underinsured tow truck insurance will protect you in the event that you or your tow truck suffers damages caused by a driver who doesn’t have any or enough auto insurance to cover them. When you consider the number of people driving without sufficient auto insurance, getting this coverage makes good sense.

Bodily injury and property damage insurance are standard forms of liability insurance that all motor vehicle owners are required to carry by state law. Failure to keep the minimum coverage levels could result in fines or penalties or even having your commercial driver’s license suspended or revoked. 

Let Higginbotham’s tow truck insurance specialists help you choose a policy that fits your individual needs. Protecting your assets, whether personal, business or both, is our goal. A well-chosen policy can lessen the impact of some of life’s most common, yet unforeseen perils. We’re here to help with your tow truck and asset recovery insurance.

Fill out the form to request a quote.