Recovery & Repossession: Personal Injury Protection
Personal Injury Protection, or PIP, is a type of insurance that can be very important for professionals in the recovery and repossession industry. It provides coverage for injury, regardless of fault, and can provide temporary relief for lost wages/income. Recovery and…read more
Property & Casualty Coverages for Towing Businesses
Towing businesses and related fields experience a diverse array of risks that differentiate them from most other businesses. If the risk exposure of your business is special, should your coverage be as well? Standard property & casualty programs can offer…read more
Popular Towing & Recovery Blogs
A wide variety of risks affect towing and recovery professionals every day. With varying liability, property & casualty, workers’ compensation, and other coverages, it can be challenging to sort out which coverages exist for what purpose. And which coverages are…read more
Towing & Repossession Coverage: Collision vs. Comprehensive
Collision insurance and comprehensive insurance are two important but distinct types of coverage that are highly relevant to professionals in the towing and repossession business. Collision insurance coverages damage done to the driver’s vehicle resulting from the vehicle hitting another…read more
Is Your Business Covered for Wrongful Repossession?
Highly specific terms exist for what constitutes defaulting with regard to vehicles obtained on credit. Beyond the standard list of requirements often exist regional or local laws that further complicate the process of repossessing. When an entity fails to meet…read more
Towing & Recovery Liability and How to Protect Your Business
In the towing and recovery business, a successful driver or business owner has to expect the unexpected. Jobs can entail a variety of tasks ranging from the mundane to the exotic and bizarre. And though some are more likely than others…read more
Liability Insurance: Is Your Repossession Business Covered?
In the vehicle repossession industry, a successful driver or business owner has to expect the unexpected. Individuals often respond poorly to repossession of their former property. It’s a vital service and a thriving industry, but it doesn’t come without its…read more
Workers Compensation in the Asset Recovery Sector
Workers’ compensation plays an important role in the context of both compliance and protection. Without the right workers compensation coverage, your asset recovery operation is vulnerable to penalties, fines, employee loss, and even lawsuits. The risks presented by the asset…read more
Towing & Recovery Insurance Principles: What Is General Liability?
General liability for towing and recovery professionals is a catch-all that covers a broad array of liability-based claims. The exceptions are when damage is deemed intentional, or when contractual breach is involved. The latter is covered by professional liability insurance, also…read more
Business Owner’s Policies for Towing & Recovery Professionals
Business owners in the towing and recovery sector face a broad array of challenges and risks. Policies to cover risks specific to the industry can be difficult to come by, and ensuring there are no gaps in coverage without the…read more