Towing Insurance, Rates for Tow trucks and Flatbeds

Towing Insurance, Rates for Tow trucks and Flatbeds

Tow Truck Insurance in Illinois and Indiana

 

Searching for Tow Truck Insurance, Turn to Urban Insurance.

We have been a dependable source for Towing Insurance Rates, for Tow trucks and Flatbeds for 57 years.
We understand the requirements that the Secretary of State has placed on Flatbeds and tow-trucks
prior to granting them the “TW” plates needed to operate a towing company.

While many companies are pulling back from offering Tow Truck coverage,
Urban Insurance still has a variety of companies to provide your
Towing business with the coverages you need at the lowest rates.

We can write Insurance for Towing companies throughout all of Illinois and Indiana.

We can give you the certificates you need to provide to Motor Clubs.
One Tow-truck or 20 Trucks; we can get you the coverage you need quickly and at the lowest rates.

 

If you have a question, please contact us at 1-800-680-0707.

We can write Insurance for Towing companies throughout all of Illinois and Indiana.

Tow Trucks in Illinois are required to carry specific limits and types of coverage in order to be granted
the TW (towing) Plates they need to legally operate.
Over the recent past, we have had people come to Urban, upset that had been sold policies at other insurance companies
that did not provide them with the correct coverage, leaving them unable to get their plates. So, here are the requirements:

Tow Truck Liability = $500,000csl
Garage Liability      = $500,000csl
Car on Hook           = $25,000

Tow Truck Liability  = $750,000csl
Garage Liability       = $750,000csl
Car on Hook            = $25,000

Garage Keepers Legal Liability (GKLL): This coverage protects car that are under your “Care, Custody or Control”
while not on the hook. This is coverage designed for companies the store or repair customer’s cars.

<Workers Compensation: This coverage protects your business against your workers attempting to
collect damages based on injuries they say occurred at work.

Physical Damage: This coverage protect YOUR OWN vehicle against loss or damage.
It consists of two parts Comprehensive a Collision.
Comprehensive covers damage to the policyholder’s vehicle from fire, theft, explosions, hail, floods, and vandalism,
Collision insurance covers damage to your vehicle if it is damaged in an accident caused by Colliding with another object or Overturns or rolls.

Please find the links to additional information on the insurance requirements for a Towing Company.

Urban also offers Insurance for:
Messengers, Long and Short Haul Trucking,
Life Insurance, Motorcycle Insurance,
Home-Owners Insurance, Medical Transportation

Commercial FAQ

 

 

Secretary of State of Illinois
Insurance Requirements for Tow Trucks
(625 ILCS 5/12-606) (from Ch. 95 1/2, par. 12-606)

(d) Every tow-truck operator shall in addition file an indemnity bond, insurance policy, or other proof of insurance in a form to be prescribed by the Secretary for: garagekeepers liability insurance, in an amount no less than a combined single limit of $500,000, and truck (auto) liability insurance in an amount no less than a combined single limit of $500,000, on hook coverage or garagekeepers coverage in an amount of no less than $25,000 which shall indemnify or insure the tow-truck operator for the following:
(1) Bodily injury or damage to the property of others.
(2) Damage to any vehicle towed by the tower.
(3) In case of theft, loss of, or damage to any
vehicle stored, garagekeepers legal liability coverage in an amount of no less than $25,000.
        (4) In case of injury to or occupational illness of
the tow truck driver or helper, workers compensation insurance meeting the minimum requirements of the Workers’ Compensation Act.

Towing Insurance, Rates for Tow trucks and Flatbeds

Urban Insurance has a variety of companies to provide your Towing business with the coverage you need at the lowest rates.
We can write Insurance for Towing companies throughout all of Illinois and Indiana.

We can give you the certificates you need to provide to Motor Clubs.
One Tow-truck or 20 Trucks; we can get you the coverage you need quickly and at the lowest rates.

Urban Insurance Agency
800 W Huron St #301
Chicago, IL 60642

312-664-8088

Click Here for Commercial Insurance FAQ

 

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