Brookhurst Insurance provides workers compensation insurance to all types of businesses across the United States. We are located in Encino, California and are available to serve all of your business’s general liability needs.
If you own a towing company, you are fully aware of the many potential perils that your employees face on a nearly daily basis. Whether you have three, ten, or a hundred employees, a workers’ compensation policy provides a great way to not only ensure the safety of your employees and protect their families’ well-being in the event of an accident, but also protect your business from expensive lawsuits.
At Brookhurst Insurance, we understand the challenges that towing companies go through when trying to find a good workers’ compensation. Good packages are hard to find, and those that are readily available are quite expensive to purchase. Additionally, depending on your state and hours of operation, it may not be possible for you to obtain coverage outside your insurance State Fund.
To help your towing business overcome these challenges, our highly experienced and well connected insurance brokers are working hard to find the best workers’ compensation solutions in your state.
Workers’ Compensation Rates for Towing Businesses
Some of the factors that affect the rates for tow truck workers’ compensation, include:
In addition, most workers’ compensation programs for tow trucks are categorized in two industry classes, namely:
1. Local Towing
This is similar to short-distance hauling with tractor trailers. The cover applies to most tow truck operators traveling less than 200 miles from their shop base to provide services related to towing. This category also includes motor vehicle repossession and automobile haul-away operations performed for automotive sales agencies and banks.
2. Long Distance Towing
If your business offers towing services for trucks, tractors, and other motor vehicles over 200 miles away from your primary shop location, your workers’ comp rates will be calculated under this category. This also includes repossession and flatbed towing services over 200 miles.
Keep in mind that underwriters use many other factors to evaluate and determine the insurance rates for tow truck companies. For instance, if your towing company operates within a much smaller radius, doesn’t offer 24-hour services, and doesn’t do repossession, you should be able to get better rates and more quote options.
At Brookhurst Insurance, our brilliant brokers work hard to provide you with multiple quotes and lines of coverage from our network of insurance companies depending on the nature of your business, your state, and claims experience.
Give us a call today to see if your towing business qualifies for lower rates and cost average on workers’ compensation.
Why Choose Brookhurst Insurance?
Not many insurance brokers have access to markets that provide workers’ compensation coverage for the transportation sector, and more specifically, towing operations and tow truck companies.
We specialize in helping tow companies find the best workers’ compensation insurance solutions in their state. We are confident that our expert brokers can help you find lower rates and more comprehensive coverage for your business by comparing multiple insurance plans that are available to you.
Contact us today to discuss more about how we can safeguard the interests of your employees and those of your towing business.