Towing Insurance | Workers Comp
We've developed the best insurance programs for towing companies.
Workers Comp Coverage for Towing Businesses
Finding and purchasing workers compensation for your towing company can be challenging and costly. Obtaining coverage outside of your State Insurance Fund might not be feasible, depending on your operating hours and state. Still, we’re putting a lot of effort into developing improved insurance plans for towing businesses in the majority of US states.
For more than 15 years, we have assisted tow truck owners in locating simple and reasonably priced insurance. Our professionals are skilled in negotiating the best coverage prices and are aware of the insurance companies’ requirements. To help you acquire the greatest prices and most flexible payment choices, we’ve created towing programs.
We collaborate with top coverage providers to develop policies.
Pay As You Go
Boost cash flow and lower the chance of large audit costs.
Comparison Pricing
Obtain estimates from several insurance providers to guarantee the best deals.
Claims Management
To expedite the settlement of claims, our carriers employ skilled claim managers.
Our Top Towing Insurance Companies
AmeriSafe Insurance
Accident Fund
ICW Group
Benchmark Insurance
Normandy Insurance
UBIC Insurance
PIE Insurance
SouthEast Leasing, Inc.
Cimarron Insurance
Workers Compensation Codes Related to Towing
Classification codes are used to organize employees according to their work functions and job requirements. Currently, insurance companies and brokers can use roughly 800 class codes provided by the National Council on Compensation Insurance (NCCI) to classify personnel for rating reasons. To start pricing a policy, insurance firms establish a base manual rate for each class code.
Sorting employees correctly is a crucial step in obtaining quotes. Small firms may lose thousands of dollars due to incorrectly classified workers. After an annual audit, you might find that you are overpaying for coverage or that your debt has increased.
Class Code 7225 | Towing Company
The main business of tow truck firms is the towing of large or light automobiles. Both local and long-distance towing may be included in the towing distance. These businesses frequently offer emergency roadside assistance and automobile storage, among other related services. Rollbacks, flatbeds, wheel lifts, and hook-and-chain vehicles are examples of tow trucks.
Class code 7225 usually includes repossession services. However, because repo insurance carries additional risks, these organizations might be subject to a more thorough underwriting check. In addition to class codes, underwriters consider other aspects when evaluating and pricing tow truck firms. Smaller-scale towing companies, those not operating around-the-clock, and those not engaging in repossession generally receive more options for quotes and more affordable prices.
Alternative State Class Codes for Tow Trucks:
States occasionally stray from the NCCI-recommended industrial class code. For some business segments, they might demand the use of a state-specific class code in place of the NCCI code.
Workers at an impound lot and mechanics who work on the lot are included in the tow truck class.
| Class Code | State |
|---|---|
| 7227 | Towing Service | California |
| 7208 | Towing Company | Michigan |
| 815 | Automobile Towing and Drivers | Delaware / Pennsylvania |
| 7219 | Towing and Recovery | New Jersey / New York |
Related: Roadside assistance, emergency roadside assistance, wrecker services, tow trucks, and repossession companies.
Workers Compensation Shop.com is a national Agency, licensed throughout the United States.
Get the Best Towing Insurance Coverage
Because their agent does not have access to the most affordable insurance firms, many small towing businesses are overpaying for insurance coverage. In their State Insurance Fund, many people are stuck. Installment agreements based on predicted payroll that don’t change when payroll varies are used by other business owners. For every distinct state and kind of organization, we assist our clients in locating the most affordable insurance rates. Your company’s cash flow will be enhanced by our Pay As You Go payment options. We assist new entrepreneurs and businesses with higher EMR ratings. Since 2005, we have been writing insurance for tow trucks.
Program Features
No Minimum Premium Requirements
Pay As You Go Work Comp – $0 Deposit
Guaranteed Cost and Deductible Options
Expertise in National Tow Truck Insurance
Greater Markets for Greater Solutions. We shop renewals too
Options for Commercial Package Insurance
How Does Workers Comp Work?
Workers comp coverage protects employees when injured. It makes good financial sense for both parties.
Accidents and injuries occur. These mishaps and claims are covered by a no-fault scheme called workers compensation insurance. In most states, it’s mandated by law.
- Lost income for workers who can't perform job duties
- Medical expenses for injury or illness on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
Workers compensation insurance may not always shield employers or employees from lawsuits brought on by workplace accidents.
- Injuries resulting from a violation of the law
- Accidents resulting from using drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
Lower Your Towing Insurance Costs
For small enterprises, the cost of business insurance has been rising. The primary drivers of the cost increase in coverage have been workers compensation and general liability insurance. In order to offer our clients business insurance options that are more reasonably priced, we have teamed with our insurance providers. Find out more about our alternatives for tow truck package insurance:
- Employee Benefits and Employer Liability
- Liability Insurance for Tow Trucks
- Both Personal and Commercial Property
- Liability for umbrellas and more
Not every class code or every line of insurance coverage will be offered in every state. For information on our general liability and workers compensation insurance programs, get in touch with one of our workers compensation specialists.
How Much Does Tow Truck Insurance Cost?
Under the 7225 class code, our clients typically pay about $7.00 for workers compensation for every $100 of payroll. An insurance coverage for liability typically costs $8,500.00.
Workers Comp Costs
- Work Comp is priced based on payroll
- Your state and EMR Rating will affect your cost
- The kind of towing service can alter prices.
- There may be premium reductions and policy credits.
Tow Truck Liability Costs
- Towing fees under GL are determined by sales, with a rate per $1000.
- Pricing may be impacted by gross revenue.
- To underwriters, the kind of towing matters
- Pricing is impacted by years in company and prior claims.
- SIC 7549: Towing of Motor Vehicles
How To Get Workers Comp
How Do I Get Started?
Here's what we need from you
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
We go find for your best price
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options
Real Agents, Fast Insurance Quotes
Compared to other insurance companies or organizations offering online workers compensation estimates, Workers Compensation is unique. We are authorities on ownership regulations, class codes, audits, and state legislation. The best workers compensation insurance quotes from reputable carriers are obtained through our quote procedure. Check it out for yourself. Give our professionals a call at or begin your online workers compensation quote request right now. You’ll be happy that you did.
Workers Compensation Info
- What is Workers Compensation?
- Workers Compensation Class Codes
- Experience Modification Rates
- How Much Does Workers Comp Cost?
- Workers Compensation by State
Workers Comp Programs
- Best Selling Workers Comp Programs
- Pay As You Go Insurance
- Self Monthly Workers Comp Reporting
- The Hartford Workers Compensation
- Multi-State Workers Comp Coverage
Employer Resources
- Workers Compensation Rates
- Rules for Workers Comp
- Frequently Asked Questions
- Find a Workers Comp Form
- Get Workers Compensation Quotes
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