|MJM Insurance™ of St Louis offers Missouri Tow Truck Insurance from multiple top-rated insurance carriers in St Louis City Missouri. We have agents who specialize in Transportation Insurance Services, and they know almost as much about your business as you do. Our agents have relationships with many insurance carriers, which allows us to shop Towing insurance for you and customize your policy to meet your needs.
Tow truck owners who do not carry the proper insurance coverages are taking a huge risk. We can help assess your risks and determine the coverages you need. If you are involved in an accident and a car you are towing skids into another vehicle, you would be responsible for paying medical expenses and property damages related to the accident. Insurance is especially important if you operate your tow truck in inclement weather or tow vehicles that may have hazardous materials on board.
Accidents Happen and That is Why it is SO Important to Protect Your Livelihood
Commercial drivers and truckers must carry tow truck insurance. If you do not, you will be responsible for property and bodily injury damages that exceed the amount of insurance your policy will pay. Bodily Injury and Property Damage Coverages are standard forms of liability insurance that all motor vehicle owners are required to carry by Missouri law. Failure to keep the minimum insurance requirements on your tow truck could result in fines and/or you could have your commercial driver’s license suspended.
There are several types of businesses that need Tow Truck Insurance in St Louis City Missouri. Our agents will work directly with:
MJM Insurance™ of St Louis TOW TRUCK INSURANCE SERVICES
Our transportation industry safety manual and employee safety resources can provide your place of business with useful injury prevention information.
Compliance and Record Keeping
You are responsible for complying with regulations from OSHA, DOT and more. Let us show you how to do so correctly.
We have the risk management expertise to help you plan and control resources and activities in order to cost-effectively fulfill your objectives.
Building a Safety Culture
Our employee safety materials help you promote a safety-minded workplace. We have flyers, posters, payroll stuffers on such topics as hazardous material handling, defensive driving, obeying traffic controls, etc…
Protect Against Liabilities
We will provide a risks assessment, custom build a Business Auto Insurance program that meets your needs, and shop the companies to get the best value for you. Give us a call, request an email quote, or visit us to get the best insurance protection and services for your business.
We have reference materials, forms and checklists that will help you remain in compliance with DOT/FMCSA regulations. We can save you insurance cost on a variety of commercial vehicles such as:
Not All Tow Truck Insurance is the Same
Tow truck insurance coverages in St Louis City Missouri may vary among Insurance Carriers, so it is important that you work with an Agent that represents multiple, top-rated Transportation Insurance Companies. Agents with MJM Insurance™ of St Louis can also customize your Business Auto and Garage Legal Liability policy to fit your Towing Service business needs.
Basic Business Auto Coverages
On-Hook Towing Insurance
This coverage will help pay for damages to vehicles you are towing. The on-hook coverage is generally provided by the garage keepers legal liability (GKLL) endorsement (see below). The GKLL limit is a blanket limit that applies to all towing vehicles on the policy.
Garage Keepers Legal Liability Insurance
This will cover vehicles you are storing for clients. The GLL insurance is usually provided as an automatic endorsement that is added to the Business Auto coverage. This liability coverage covers loss of, or physical damage to vehicles being towed, and while in your care, custody, or control and is designed for towing and wrecker service businesses. As mentioned above, the on-hook coverage of garage keepers’ legal liability insurance provides coverage for a non-owned vehicle that you are towing.
Miscellaneous Property Floater
A miscellaneous property floater covers your business personal property that is in transit such as tools and other cargo that you have in your tow truck. This coverage will protect against risks of direct physical loss or damage to your scheduled covered property.
Motor Truck Cargo Insurance
Motor Truck Cargo insurance is provided via an endorsement to insure items other than motor vehicles licensed for road use. This coverage provides legal liability for towing companies while transporting property (cargo) of others. Since the towing operator is seen as a common carrier, they are responsible for the safe delivery of the goods they are transporting (customer’s vehicles and the contents of the vehicle), and thus owe a very high degree of care to their customer.
Business Income & Extra Expense Insurance
Business income insurance & expense coverages will reimburse your towing business for loss of income and profits if your property is damaged from a covered peril and out-of-service. The coverage continues until the property can be restored or replaced, or until the limit has been reached. The extra expense coverage includes extra expenses that business must make during the time of loss such as rent, mortgage payments, taxes, and utility services.
TOW TRUCK COMMERCIAL AUTO INSURANCE FILINGS
Different Trucking Operations require different filings; Do Not Worry….we help our clients with the State and Federal Transportation Insurance Filing Forms including those listed below.
Federal Truck Filings and Forms
Intrastate Truck Filings
TOW TRUCK INSURANCE RESOURCES
Federal Motor Carrier Safety Administration
US Department of Transportation
The National Transportation Safety Board
Directory of State Patrol and State Police
MJM Insurance™ of St Louis has the experience you need to manage large and small fleet insurance and has exclusive relationships with our insurance carrier partners. These relationships allow us to quote and bind policies at our office which means faster service for you. MJM Insurance™ of St Louis works with our transportation clients to manage potential losses before they occur.
For more information and to speak with one of our experienced, Missouri tow truck insurance agents, please feel free to call the office between Monday and Friday from 9am to 5pm. (314) 645-2100 OR contact us.