Posts

Tow Truck Insurance in Des Peres Missouri

Alternatives Insurance of Des Peres is Your Towing Insurance Partner

Tow Truck Insurance in Des Peres Missouri |   Alternatives Insurance of Des Peres | (314) 822-0100Alternatives Insurance of Des Peres helps tow truck business owners and operators with their transportation insurance needs.  Our professional agents have the knowledge necessary to help to truck owners and operators understand the different options, and requirements, for Tow Truck Insurance in Des Peres Missouri.  We work with a variety of towing service companies throughout the Des Peres area including Saint Louis and Jefferson counties, Chesterfield, High Ridge, Arnold, Imperial, Valley Park, Ballwin, Eureka, Pacific, House Springs, Hillsboro, Sunset Hills and St. Clair.

Tow truck service companies and individual owner operators MUST carry tow truck insurance. 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. Our agents can help you get on track so you do not risk losing your livelihood.  As a your partner, it is important to make certain you and your business are protected if there should be an accident.

We will shop your Tow Truck Insurance in Des Peres Missouri!

For current business owner and operators, our agents will begin by reviewing your existing tow truck insurance policy and assess any potential risks.  A Towinig Insurance policy should include the standard forms of liability insurance that all motor vehicle owners are required to carry by Missouri law.  Standard insurance coverages include Bodily Injury, Property Damage, Collision and Comprehensive, and Uninsured/Underinsured Motorist Coverage.

Consider this scenario for example:

Employee #1, a 42-year-old male tow truck driver, had loaded a vehicle onto a flatbed truck by pulling the car onto the bed using the truck winch. When the employee attempted to disengage the vehicle from the winch, the steel cable snapped and the vehicle fell down onto the bed. The employee’s left arm was crushed by the vehicle’s front tire as the vehicle fell.  The employee was transported to a local hospital, where he underwent surgery for a fractured left forearm.

Employee #1 is a W2 employee for a vehicle towing service company.  How will the employee afford to pay his/her medical bills in this case? What if the employee is put on temporary disability?  If the vehicle was damaged during the tow, who will pay for the vehicle that was damaged?  As your agent we look at the overall big picture.  There is much more risk to owning and operating a tow truck business than most realize.

Our agents can help you identify specialized Towing Insurance coverages
that your business may require.

 

On-Hook Towing Insurance

Tow Truck Insurance in Des Peres Missouri |   Alternatives Insurance of Des Peres | (314) 822-0100This 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 InsuranceTow Truck Insurance in Des Peres Missouri |   Alternatives Insurance of Des Peres | (314) 822-0100

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.

 

Motor Truck Cargo InsuranceTow Truck Insurance in Des Peres Missouri |   Alternatives Insurance of Des Peres | (314) 822-0100

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 InsuranceTow Truck Insurance in Des Peres Missouri |   Alternatives Insurance of Des Peres | (314) 822-0100

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.

 

Miscellaneous Property FloaterTow Truck Insurance in Des Peres Missouri |   Alternatives Insurance of Des Peres | (314) 822-0100

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.

 

 


Tow Truck Commercial Insurance Filings

Because the transportation industry requires different trucking operations to file different documentation, our agents are here to help our clients with the State and Federal Transportation Insurance Filing Forms including those listed below.

Before diving into the different requirements, understanding the following definitions may help you get a clearer picture of these requirements:

  • Motor carrier – A company that transports passengers or property for compensation.
  • Freight forwarder – An individual or entity that provides transportation of property AND:
    • Assembles and consolidates shipments and performs distribution operations of the shipments.
    • Assumes responsibility for the transportation from the place of receipt to the place of destination.
    • Uses a rail, motor carrier, or water carrier for any part of the transportation.
  • Freight broker – An individual or company that arranges transportation of property by a motor carrier.

 

Federal & Intrastate Truck Filings and Forms

BMC-32 filing   |   BMC-34 filing   |   BMC-91 & BMC-91X filing   |   MCS-90 form   

Form E filing   |   Form F filing   |   Form H filing   |   Form K filing

 


Tow Truck Insurance Resources

 Federal Motor Carrier Safety Administration    |    www.fmcsa.dot.gov

US Department of Transportation    |    www.dot.gov

The National Transportation Safety Board    |    www.ntsb.gov

Directory of State Patrol and State Police    |    https://www.statetroopersdirectory.com

Missouri State DOTs and MVRs    |    www.modot.orgwww.dor.mo.gov/mvdl

Tow Truck Insurance in Des Peres Missouri |   Alternatives Insurance of Des Peres | (314) 822-0100

Alternatives Insurance of Des Peres is a supporting member of the Missouri Association of Insurance Agents and committed to the Trusted Choice Pledge.  Our agents go above and beyond just insurance – we help our clients understand the options available to protect their investment … and we work to earn the trust of our clients.

If you have been search for Tow Truck Insurance in Des Peres Missouri, your search is over!

Contact us today for a free evaluation of your current Tow Truck Insurance policy.

Trucking Insurance in Des Peres Missouri

Rest Easy Knowing You Have The Right Protection

Trucking  Insurance in Des Peres Missouri | Alternatives Insurance of Des Peres | (314) 822-0100Alternatives Insurance of Des Peres is a leader in providing all-inclusive insurance programs to the trucking industry.  Our licensed agents have more than 60 years combined experience with Trucking Insurance in Des Peres Missouri including; commercial auto insurance, general liability insurance, garage liability insurance, cargo insurance, and workers compensation.

We offer Trucking Insurance in Des Peres Missouri from multiple top-rated carriers.   We conduct a complete risk analysis and review your insurance needs to develop a customized insurance package that protects the owner-operator and the company.  Contact us for a risk-free, no obligation analysis of your trucking insurance needs and get more than one quote! 

Read more

Limo and Taxi Insurance in Des Peres Missouri

What Drivers and Transportation Companies Don’t Know

Limo and Taxi Insurance in Des Peres Missouri | Alternatives Insurance of Des Peres | (314) 822-0100Because your business involves the transportation of people, you need coverage that protects your passengers and covers your risk for a liability claim.  You also need to be covered if an accident leaves you and your drivers exposed to a large liability claim.  Our agents will review every angle of coverage that limousine or taxi cab owners should consider.  The following lists some of the liabilities we will review to determine the best Limo and Taxi Insurance in Des Peres Missouri for you.

  • Protection for the drivers and your company if one of your employees decides to sue you.
  • Protection for drivers in the event that they are at fault for an accident.
  • Coverage for the cost of any property damage the drivers may cause while on the job.
  • Business interruption coverage if your vehicle is inoperable and your income is at stake.

Limo and Taxi Insurance in Des Peres Missouri is a specialized need because as a driver, you are absolutely responsible for the safety of passengers. It is important to get commercial insurance that covers your vehicle against damage, theft, and personal injury. As part of the Trusted Choice network, Alternatives Insurance of Des Peres specializes in commercial auto insurance and can shop multiple carriers to get you the best Limo and Taxi Insurance in Des Peres Missouri.

The premiums for your taxi or limo insurance policy will vary depending on several factors, such as number of years driving, personal circumstances and any additional coverages you need.   Here are a few items our agents will discuss with you that might help lower your premiums:

  • Commercial vehicle owners may be considered for a discount based off the driver’s experience.
  • Taxi insurance companies may offer a discount if you own a home.
  • Married drivers can get cheaper insurance for the same reason as home owners.
  • Executive/Limo drivers are considered low risk when comparing to taxi cab drivers.

Alternatives Insurance of Des Peres understands transportation is a specialized industry that requires complete attention to detail and analysis of liabilities.  Our licensed agents will review your liability and assets in order to identify the best insurance products that meet your needs.  We will consider personal injury insurance to cover the cost of accidents and injuries involving your limousine and uninsured/underinsured motorists coverage to protect you in the event you or one of your drivers is in an accident caused by a driver who does not have adequate insurance to pay your damages caused by them.

Limo and Taxi Insurance in Des Peres Missouri | Alternatives Insurance of Des Peres | (314) 822-0100Alternatives Insurance of Des Peres will shop many carriers for you to get the right Taxi and Limo Insurance in Des Peres Missouri and, find discounts to make your insurance more affordable.  We serve all of Des Peres Missouri and surrounding areas, including Saint Louis County, Kirkwood, Webster Groves, Creve Coeur, Town and Country, Maryland Heights, Manchester and Ballwin.

Not only does Alternatives Insurance of Des Peres have the experience you need to manage large and small fleet insurance, we are also able to quote and bind policies at our office, which means faster service for you. For more information and to speak with one of our experienced agents, please feel free to call the office between Monday and Friday from 9am to 6pm. (314) 822-0100 OR click here to contact us.

Last updated by at .