Tow Truck Insurance in Vermont

T.S. Peck Insurance
Tow Truck Insurance Vermont

What is Tow Truck Insurance?

Driving a tow truck comes with a significant amount of risk, for operators frequently find themselves working in non-ideal circumstances. Poor weather conditions, dangerous roadside locations and driving itself are just some of the factors that contribute to the various risks operators face. Tow truck insurance won’t prevent an accident or disaster from taking place, but it can help operators in Vermont recover from the financial consequences of a covered incident.

Tow truck insurance is a specialized form of commercial trucking insurance that’s designed to meet the unique risk mitigation needs of tow truck operators. Because operators are exposed to multiple risks, policies generally have several coverages that work to create a web of protections.

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Client Testimonials

“I just wanted to take a moment to let you know how great I think Caroline Collins is. – Every time I call to update my policy(and I have updated it a lot over the years) Caroline has been nothing but amazing to deal with. She takes care of all my needs in real time which is amazing. She is very personable, always respectful, extremely knowledgeable, and just all around awesome to deal with. I truly enjoy dealing with her and think she is a huge asset to your business from where I sit.”

Jason C.

“Friendly and prompt – I have been with T.S Peck for many years and have no complaints with their trusted service. They have always taken a friendly approach to their craft and are always willing to answer all of my questions!”

John S.

“We Contacted T.S Peck Insurance to inquire about auto insurance/ After with with Jake, we explored combining our auto and home insurance, in turn realizing a big savings.”

Lary P.
“When I called for a quote, my agent was personable and helpful. He always got back to me quickly with answers, which is extremely important. The entire process was handled in a timely manner and was able to meet my expectations and beyond.”
Dayne D.
“Jake Hynes and the folks at T.S. Peck have been awesome to work with! As a recent start-up, we were new to the “buying business insurance” scene. One phone call and all our concerns were laid to rest. The service has been great and the prices are very competitive. We recently price shopped again and found we were still in the best hands!”
Scott L.
Tow Truck Insurance Vermont

What Vermont Businesses is Towing Insurance Right For?

The vast majority of businesses that offer towing services are required by Vermont state law to carry minimum levels of insurance coverage because they operate vehicles on public roads, and most businesses should consider purchasing much more than the minimum-required protections. A few businesses that this type of package policy is especially well-suited for include:

  • Businesses that only offer towing services
  • Auto service centers that have a tow truck
  • Independent operators who drive a tow truck

Depending on the specifics of their trucks and services, car transport companies might also find this insurance meets their needs. An insurance agent who’s familiar with the details of towing insurance policies can help businesses determine whether this is the most appropriate kind of policy if there’s any question.

What Protections Does Towing Insurance Provide?

Depending on a business’ particular needs, a towing policy might provide a number of different protections. Some common ones are:

  • Tow Truck Liability Coverage, which may cover injuries and damage that an operator is responsible for
  • Physical Damage Coverage, which may cover damage to a truck that occurs in an accident or certain other incidents
  • Comprehensive Coverage, which may cover damage that occurs in other, non-accident incidents
  • Medical Payments Coverage, which may cover injuries that are sustained in an accident
  • On-Hook Towing Coverage, which may cover vehicles while they’re connected to a truck
  • Uninsured and Underinsured Motorist Coverage, which may cover accidents caused by improperly insured drivers
  • Garage Service Coverage, which may cover towed vehicles that are in storage

(The exact coverages that policies make available varies from one policy to the next.)

Tow Truck Insurance Vermont

Is Workers Compensation Included in Towing Insurance Policies?

Although many towing companies need workers compensation, this coverage isn’t always purchased through a towing insurance policy. It might be occasionally, but many businesses instead procure workers compensation via a separate policy that stands by itself.

Agents who are familiar with towing policies typically also assist with workers compensation.

How Much Do Towing Policies Cost?

Insurance companies take into account many factors when setting premiums for towing policies, and rates vary as a result. Some of the items that may influence a policy’s cost are the:

  • Year, make and model of any trucks used
  • Driving records of all operators
  • Roads that a company services
  • Kinds of vehicles a company tows
  • Limits, coverages and deductibles selected

Even with variances in cost, though, towing policies tend to be affordable. They’re almost certainly more affordable than facing legal fines or major accidents with no insurance in place.

How Can Businesses in Vermont Get Tow Truck Insurance?

For help insuring a towing business in Vermont, contact the independent insurance agents of T.S. Peck Insurance. Our agents have helped many businesses in the state find tow truck insurance that provides them with robust protection, and we’re ready to assist you.

Get in touch with our team!

T.S. Peck Insurance

For questions or concerns, please contact our independent insurance agents.

Office: 41 IDX Drive, Suite 135
South Burlington, VT 05403

Office: 158 Lake St,
St Albans, VT 05478