Insurance Requirements for Towing and Recovery Providers Running a towing and recovery business means managing a fleet of commercial vehicles and meeting both state and federal compliance standards. Whether your company operates locally or across state lines, understanding insurance and [...]
Tow & Recovery Insurance: Protecting Your Business, Your Team, and Every Vehicle You Move Running a towing and recovery operation comes with unique challenges. Every call—from accident scenes to roadside recoveries—carries risk for your business, your drivers, and the vehicles [...]
Across nearly every industry, one trend is reshaping the insurance marketplace: the rising cost of litigation and the growing impact of large jury verdicts. While high-profile “nuclear verdicts” — awards exceeding $10 million — grab headlines, it’s the broader pattern [...]
When you think of the dangerous jobs in the US, trucking is probably not the first thing that comes to mind. However, truck driving is significantly more dangerous than most other industries in America, especially when safety is overlooked. Not [...]
Inflation has become a serious problem for all industries, triggered by the onset of the COVID-19 pandemic. While it can be said that everyone was negatively impacted by the effects of the pandemic, the trucking industry has sustained a bigger [...]
No matter their size or industry, businesses require insurance. Towing and recovery are not exempt from this rule. Tow truck insurance is specifically tailored to address the needs and risks associated with a towing business. But as an operation that works with [...]
Commercial insurance rates have been rising over the past decade and show no signs of stopping. Businesses need to take proactive steps to manage risk to keep their insurance costs as low as possible. Many factors influence commercial insurance rates, [...]
As of 2022, the global auto insurance industry is valued at $316 billion dollars. About 87% of Americans eligible for car insurance have a policy. The benefits of such insurance are numerous: Protection from high costs in the event of [...]
An Automated Event Recorder (AER) is a small, video-based device that is mounted in a vehicle to record data and events during normal operation. The device continuously records information such as vehicle speed, engine RPM, steering angle, and brake status. [...]
According to statistics, in 2019, over 6.5 million passenger cars were involved in traffic crashes. 4.8 million light trucks and 538 thousand large trucks were also involved in traffic accidents with varying degrees of damage. In rare circumstances, after an [...]
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