Risk Channels

If you are a tow truck and wrecker business, you know exactly what we are talking about when we say that tow truck insurance rates have gone up a lot. It’s getting harder and harder for small tow truck companies to keep their doors open with rising commercial auto insurance rates. What happened and why have tow truck premiums gone up overnight? It all started with Progressive Insurance leaving the market. Then things got really ugly in the world of tow truck insurance. Soon, Atlantic Specialty, Merkel, and others began to pull out. Today, only a precious few carriers will write coverage for tow truck operators. And they know it, so the prices have gone sky high. That means tow truck business owners got the short end of the stick. Why did this happen to begin with? Many of you share that you’re angry at the insurance companies and that’s certainly understandable. However, we don’t have to tell you how dangerous your line of business is. Dozens of good men and women die every year while working on the US state