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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.

The Best Des Peres Missouri Business Insurance: BOP or CPP?

Des Peres Missouri Business Insurance: Do You Need a BOP or CPP ?

There are two types of business insurance policies available in Des Peres Missouri.   The Business Owners Policy or BOP and the Commercial Package Policy or CPP.  These two types of policies are explained below.

Insurance for Different Business Types

On the right sidebar of this page, we have include links to a number of Des Peres Missouri business insurance resources.  Click on any of the different business types to learn more about the insurance coverages for that type of business.   Please call one of our commercial insurance agents at Alternatives Insurance® of Des Peres for any assistance.

The Business Owners Policy

This policy is intended for main street businesses and combines building, personal property, and liability insurance coverage with other attractive options into one package.   The BOP is an efficient way to provide the business insurance coverages that most small businesses need.

Are You Eligible for a BOP?

The two keys to BOP eligibility are type of business and square footage. General examples:

  • apartment buildings
  • office buildings
  • buildings used primarily for mercantile, service or processing purposes
  • wholesalers
  • contractors
  • mixed use, e.g., stores in an apartment building.

Square footage guidelines can relate to overall building space or a business’s rental space. Generally, the cutoff for BOP eligibility is 25,000 square feet; however, this varies between business insurancecompanies.  We will determine if a business is eligible for a BOP and if the BOP option is the best value.

BOP Coverages

Business Insurance Personal Property Coverage

Business personal property coverage can include:

  • a building owners’ business personal property in an apartment building
  • office business personal property
  • business personal property for merchants, wholesalers, and service or processing organizations
  • commercial condo unit owners.

When you own a building, the same BOP must cover both the building and the business personal property. Otherwise business personal property can be insured alone in a BOP. This is good for businesses that lease or rent space.

Different BOP Forms

The BOP named peril form will:

  • have coverage for a dozen or so perils such as fire, lightning, windstorm and hail, sprinkler leakage, and vandalism
  • usually cost less.

The Special peril form will:

  • have coverage for all risks of direct physical damage except as limited in the policy
  • have broader coverage than one setting forth specific perils.

Additional Coverages

By nature, the Special form has more coverages built in. The Standard form has approximately a dozen additional coverages.  Among these are:

  • debris removal
  • counterfeit money orders and paper currency
  • increased cost of construction
  • forgery exterior glass and lettering (this includes replacement and repair of items on the outside of the building, commonly advertising-related materials)
  • collapse and water damage.

Don’t worry, we’re not ignoring loss of business income and extra expenses from a direct insured loss. Frequently a loss from a fire or other insured peril goes beyond the direct damage caused by the fire. Even minor damage can close your business for a long time. This means your business has no income to maintain salaries and other expenses. Don’t ignore loss of income protection!

* Tip. Business interruption coverage is not a luxury.

Coverage Extensions

Recall that extensions are an opportunity for you to have certain property covered after a loss. Extensions are controlled by:

  • a limit on expendable dollar amounts
  • an after-the-fact additional premium, or
  • a territorial restriction.

The ISO BOP’s make provisions for the following:

  • newly acquired property
  • personal property off-premises
  • outdoor property personal effects (non business property)
  • valuable papers and records
  • collapse and water damage.

Coverage is limited in these areas. You may need specific insurance to cover one or more of these extension areas for your business.

Exclusions & Conditions

Exclusions and conditions are common in insurance policies. BOP’s are no exception. You’ll find some exclusions and conditions from policy to policy, regardless of the type of insurance. Conditions are normally procedural matters and loss adjustments. Exclusions are matters the insurance is not designed to cover.

Note. Remember an insurance policy must be read as a unit, not as independent paragraphs or sections.

“One policy does not fits all business insurance needs.”  Business  insurance needs are all different.  Everyone has a different type of property, amount of property, location, ownership, and so on. Your insurance coverage protection should closely reflect your risk of loss.   This customized approach allows you to save money– you pay for only the insurance you really need.

 

The Commercial Package Policy

The commercial Package Policy can be issued to include almost any type of coverage offered, from property and liability to auto, crime, inland marine and professional liability.  When your business risks goes beyond the coverages in a BOP, the flexibility offered by a Packaged Policy provides the opportunity to design a policy specifically for the needs of an organization.  It also enables you to have almost all your coverage in one convenient package.

Most policies offer expanded coverage endorsements. These endorsements provide additional coverages or increase your current coverages for lower premiums than purchasing each coverage separately.  After assessing your business risks and determining that a package policy is what you need, we will design a custom insurance package policy with specific coverages.

Here are a few main coverages included in most packages:

Protection for Your Commercial Property

Commercial property coverages:

  • buildings, including additions under construction, permanently installed machinery and building glass
  • business personal property
  • leased business personal property used in your business
  • property of others left in your care for which you are legally liable
  • sales samples

Your business personal property doesn’t stay in one place, and neither does your coverage.  Most policies cover your business personal property while in transit, at trade shows, or temporarily at locations you don’t own or lease.

After a covered loss, your policy may pay for the extra costs of:

  • removing debris of covered property from your premises
  • cleaning up pollutants from land and water on your premises
  • taking inventory and preparing claims statements
  • securing appraisals
  • recharging fire extinguishers

A property loss can slow down or even stop your operation until repairs are made – and that may mean lost income. You receive several business income coverages that can reimburse your loss of income and necessary extra expenses you incur to keep your business operating after a covered loss.

Options to Suit Your Needs

  • Ordinance or Law Coverage – provides coverage for the necessary demolition of the undamaged portion of your building and subsequent upgrades to meet current building codes after a covered loss.
  • Inflation guard coverage – provides coverage for inflationary increases in your building and business personal property values. The limit of insurance on your policy automatically increases at the annual percentage rate you choose.
  • Equipment breakdown coverage– provides coverage for loss resulting from the sudden and accidental breakdown of machinery and equipment used in your business.
  • Utility services – provides coverage when a covered loss to a power, communication or water utility interrupts service to your premises, which then causes a covered loss to your building, business personal property or loss of income.
  • And Many MoreContact us for a detailed risks assessment and insurance proposal.

 

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Insurance for Different Types of Business Risks.   On the right sidebar of this page, we have include links to a number of Des Peres Missouri business insurance resources.  Click on any of the different business types to learn more about the insurance coverages for that type of business.   Please call one of our commercial insurance agents for any assistance.

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Why Choose Alternatives Insurance® of Des Peres?

We’re committed to outstanding customer service

We start by offering the best insurance products at a reasonable price. But it’s the Alternatives Insurance® of Des Peres team that really set us apart from the competition. With combined experience of 60 years, our sales and support staff members can handle your transactions quickly and efficiently. We service each and every account using out team of insurance professionals and we’re always available to answer your questions.

We’re committed to professionalism

Our dedication to client service comes from a culture of professionalism and respect. All of our associates at Alternatives Insurance® of Des Peres have strong credentials and all of our policies are presented to you in a consistent and professional manner.

We’re committed to solving problems quickly

Alternatives Insurance® of Des Peres has unique industry relationships, allowing us to provide exclusive insurance solutions to our customers. Additionally, every staff member is trained to actively listen and provide helpful answers presented in a way in which our policy holders clearly understand.

We’re committed to earning and maintaining your trust

We believe trust is something earned by listening to our customers while providing helpful advice and support. Trust and consistent underwriting practices is what we expect from our carrier partners, and in return we owe the same level of service to you.

Call, request a quote by email, or visit us at our office today for a free, no obligation risk assessment and quote.  Let us do the research and find the best value for the Commercial Insurance you need.

 

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