If you have a retail store in Atlanta, you might wonder what insurance coverage you need. It’s important to protect your store, after all, and getting the business insurance you need is a big part of that. In the flurry of getting your merchandise on the shelves (and then off the shelves, ideally), managing your employees, and tending to the store itself, there are a few coverages you might want to consider for your business.
So, you’re ready to start a business and make your passion projects profitable. However, there are a lot of ways that things can go wrong and cost you a lot of money. Luckily, there are various types of business insurance available to protect your company. But how can you make sure you’re getting the right type of insurance for your Atlanta business? Start by taking a look at this guide.
How to get business insurance in Atlanta.
1. Find a business insurance agent
Ultimately, the easiest way to get the insurance you need will be to work with an independent insurance agent. Independent agents (like us!) have relationships with different carriers. We know all about the Georgia regulations for insurance, we’re familiar with the discounts you may be eligible for, and our experts have many years of experience with various industries. So, we can pair you with an expert in your business’s industry, identify your specific risks, and do all of the shopping for you so that you only get quotes on the best policies for you.
2. Know your risks
There are a ton of different factors that determine the type of risks you’ll need to protect your company against, including your business location, business age, number of employees, etc. Restaurants face different dangers than auto body shops. Professional organizers face different risks than event planners. Even a tow truck company is going to have different concerns than an auto hauler operation. So, it will be important to sit down, take a moment, and think about the worst-case scenarios that your business may face.
3. Find out what type of business insurance is required
Just as there are certain permits, licenses, and regulations to abide by when you form a business, there may also be requirements for the types of insurance you must have. Usually, it’s a good idea to start out with:
General liability is the form of coverage that can help you cover the cost of medical bills if someone is hurt on your business’s property. It can also help pay the legal fees if the person sues you for the injury.
Regardless of if you sell goods or services, there can be a lot of equipment that goes into running your company. If something were to happen to it, you wouldn’t want to go into personal financial ruin trying to get your business back up and running. Commercial property coverage can help a business repair or replace property if it was damaged due to a covered loss. Covered losses for a business typically include:
However, coverage differs from policy to policy. So, check your declarations page, your policy, or ask your agent about exactly what is covered in your particular business insurance policy.
Georgia actually requires that a company with more than three workers, including part-time employees, must have workers compensation insurance. Your coverage must be able to pay an employee a portion of their average weekly wages while they are medically approved or required to take off work. There may be more in-depth regulations for your specific industry, but those are the general basics.
You may also be required to have certain types of insurance specific to your industry. This can be especially true of contractors. Some clients will mark certain types of insurance as “required” in order to do business with them. Be sure to look through your contract to find out what types of coverages you need to do the business you want.
4. Be prepared to answer a few other questions
Again, there are a ton of factors that can determine the type and amount of business insurance you need. The most common questions that an agent will ask you to find you the right coverages are:
- What type of business do you have?
- Do you have any past claims?
- How long have you been in business?
- Where are you located?
- What type of building are you located in? How large is the space?
- How many full and part-time employees do you have?
- What is your gross annual revenue?
These questions can vary depending on your industry and how you operate. Risk is determined in different ways depending on the industry, after all. Still, it’s nice to have an idea of what you may need to answer to get the best rates.
5. Calculate how much coverage you need
Sure, you need insurance. Only going for the minimum amount of necessary coverage, however, could be disastrous. Instead, consider how much money you would need in a catastrophic situation to get going again.
Consider how big your business is. Do you have enough coverage to replace vital equipment? Do you have enough coverage to take care of an employee or multiple employees if they’re injured on the job? Do you have enough money to handle a lawsuit? Anything that could sink your business financially is a potential type of insurance you’ll need to include in your business insurance policy.
6. Determine your budget for coverage
Now that you know about how much coverage you need, budget how much you’ll need to get that type of insurance. That number can vary greatly depending on your location, your industry, and the types of risks you’re exposed to.
Don’t forget to include the rates of things like workers’ comp, professional liability, and flood insurance. So, you’ll need to be prepared to pay for at least the insurance that’s required by the state plus what may be necessary for your industry.
So, there’s the run-down on what it takes to get the business insurance you need. It may seem like a lot to consider, but our agents are ready and raring to get you affordable rates on the coverage you need. To start get competitive quotes on the best business insurance for you, just give us a call, fill out our online form, or LiveChat with our experts today!
If you run an auto shop in Atlanta, your days are pretty packed. There are cars coming in, cars being repaired, cars getting collected by their grateful owners. But in all the hustle and bustle of the day-to-day of running an auto shop, it’s also important to consider how your shop is protected. Meaning Atlanta auto shop insurance. Insurance can feel complicated and overwhelming, and you might be wondering what coverages you need to consider for your business. There are plenty of risks that you face, and you need to protect yourself from them. We’re going to break down a few of the coverages you can consider.
What coverages do you need as part of your Atlanta auto shop insurance plan?
It’s important to note that while these are some of the coverages you can consider for your business, they’re not the only coverages that could come in handy for your Atlanta auto shop. However, this is a breakdown of some of the coverages you should know about.
General liability can help you if there’s a claim of bodily injury or property damage from a guest. It can help you cover the injured party’s medical bills – and your legal expenses if they decide to sue you. For example, let’s say that one of your customers is coming to drop off their car. They go into your lobby, but they trip over something and take a bad fall, breaking their arm and smashing their nose. Your general liability could help cover their medical expenses – and the legal expenses of the ensuing lawsuit.
Auto shops aren’t necessarily the safest of places. Workers’ comp can help if one of your employees gets hurt on the job by paying for their medical bills and giving them a portion of their lost wages. To give an example, let’s say that one of your employees is in the back, working on a car, when they slip and fall. They hit their head badly and need stitches, so they need some time off work. Oh, and they sprained a wrist pretty badly. Anyways – workers’ comp could help by covering those medical bills and giving that employee some of the wages they lost while unable to work due to the injury.
Property insurance can help protect the physical structure of the shop itself against losses like fire. Since there are a lot of flammable things in your auto shop, this is definitely a coverage to consider. Let’s say that you close up the shop for the night, and overnight a fire starts, burning the shop to the ground. It’s the stuff of nightmares, but your property insurance could help you recover from the loss.
Garagekeepers insurance is another important coverage to consider because it can help protect the cars in your care, custody, and control. Since you hold on to your clients’ cars so you can repair them, this coverage is crucial. It can protect against losses like fire, theft, and vandalism. If you had a fire while you were also storing a bunch of cars for repair, your garagekeepers coverage could help you when it comes to recovering from the loss of the clients’ cars.
Umbrella insurance sits on top of your underlying liability policy and provides coverage above and beyond what the underlying policy offers. To illustrate, let’s say that you have a general liability policy with a limit of $1 million. You also have a $1 million umbrella policy. But then you have a $1.75 million general liability claim (it was a very big claim.) Your general liability kicks in to cover its $1 million, but then your umbrella could take over and cover the remaining $750,000.
Some other coverages you can consider as part of your Atlanta auto shop insurance plan:
Like we said, the above coverages aren’t the only ones that you can get to protect your business from risk. Here are some others:
- Business interruption
- Employment practices liability
- Hired and non-owned auto liability
- Cyber insurance
- Employee dishonesty
- Environmental impairment
- And many, many more!
How to get Atlanta auto shop insurance.
The next question is how to go about getting Atlanta auto shop insurance. Well, we can help. Our team does our best to make the insurance process as easy as possible. Here’s how it works:
- You reach out and let us know you’re looking for auto shop insurance. You can fill out our online form, give us a call, or message us.
- One of our agents chats with you to ask some questions about your business. We need to collect some intel about your business so we can get you the right coverage and get you the best quotes.
- We get your quotes. We work with a lot of insurance carriers, so we’ll bring you some quotes.
- We go over your options with you and help you finalize your coverage.
- We’re here to answer any questions you have or address any concerns you might have about your insurance.
See? Easy. We’re here to help you with your insurance coverage. We know that the world of business insurance is overwhelming, but you don’t have to go it alone.
Get started with your quotes by filling out our online form, giving us a call, or messaging us on LiveChat.
Starting a business doesn’t just mean putting a price on your goods or services. It’s making sure that your customer base has trust in the things you sell above any other maker. But how can you establish this trust when you’re just starting out? You need to build a brand for your company. Here are 7 tips on how.
How to build a brand for your business.
1. Know what makes you unique.
The first step to building a brand is to know what makes your specific business different. Consumers can go anywhere for certain goods and services, so what makes your company the one they should turn to? The easiest answer is usually your specific knowledge and industry experience.
No one can look at the world through your eyes. So, if you’re providing a good, no one can craft that object like you can. If you provide a service, no one else approaches things the exact same way you do. However, it’s important to be specific when identifying this difference as you build a brand.
2. Stay consistent.
If you’re constantly changing the voice and the image that you put out to the world, people will have a tough time remembering your business. To help keep your brand consistent, take some time to write down the core objectives, values, and mission of your company. That way, you have a solid foundation of beliefs and goals for your business even as it changes.
3. Create your voice.
When building trust in your products, it’s important to know your audience and tailor your brand accordingly. Consider the type of voice that your potential clients will want to interact with. Usually, a company’s unique voice stems from its particular industry and its business location. For instance, a craft beer brewing company in Oakland, CA will have a completely different way of communicating with customers than a five-star restaurant in Washington D.C.
Practice interacting with potential clients using your unique voice, and make sure you sound the same across all of your business platforms, not just your website. Carrying your brand voice throughout your company’s social media profiles, chat responses, and even phone calls will give people something to remember and find your business when they need it.
4. Get a website
Once you’ve established your core values and your voice, you’ll need a way to advertise so you can build your brand. The easiest method of advertising today is the Internet, where potential customers will most likely search for the services you provide. With tools like WordPress and Wix, it’s easy to make a professional-looking website.
Even if you don’t think you have enough time or skill to use those tools, there are tons of websites that allow you to connect to freelancers who will develop a website for you. Either way, make sure that the content, colors, font, and general aesthetic of your site matches your company voice.
5. Keep your promises.
Once you start acquiring customers, the easiest way to build their trust is by keeping any promises you may make about your business. Communicate promptly and clearly about your scope of work. Stick to turnaround times when making goods, offer proper assistance and guidance when providing services, and let your customer know as soon as possible if any hiccups happen along the way.
6. Create a stellar working environment.
There’s no better endorsement for your business than the ones that come from behind the scenes. If you have employees, firstly make sure that they are trained and onboarded properly – including safety training. Ensure that they understand the company’s mission and values in order to represent you in a positive light.
Create a pleasant and comfortable work environment and find different ways to build teamwork skills. When people see that your employees enjoy the company they work for, it shows clients that they could enjoy working with you on their needs.
7. Remember the importance of online reviews.
Similarly, get your customers to be your biggest brand ambassadors. Some companies have spent years and even decades relying on word-of-mouth marketing instead of traditional advertising. We’re not saying that this is the only method you should use, but word-of-mouth travels a lot faster these days with the rise of the internet. Plus, when people search for a new service, they look for the impressions that other people had about that product. So, if your customers are loyal and like the work that you do, ask them to tell the world!
Building trust by building a brand that’s consistent can seem like a difficult task, but it’s really quite simple. These are just some of the ways you can connect with your customers and build a great reputation before someone even walks through your doors.
Having the right business insurance can also help you build trust in your brand. Our experts can help you get the business insurance you need for your clients at the rates you deserve. To start getting customized quotes on affordable, quality coverage, just give us a call, fill out our online form, or LiveChat with and insurance specialist today.
Communication may be the key to any business, but if it’s the sole backbone to your company, you may want to consider professional liability insurance. Words can be taken the wrong way or left out or miscommunicated all the time. So, it’s important if you’re consulting or giving professional advice, that you’re protected from the things that you say or don’t say. But how exactly can professional liability insurance protect you? Let’s take a look.
What is professional liability insurance?
Professional liability insurance is a type of business insurance that can help you if a client loses money due to your advice or lack of advice. It can also help you cover the legal costs of defending your business in court, whether you’re actually at fault or not.
Professional liability insurance is known by many names, including Errors & Omissions insurance or Professional Indemnity insurance. This coverage can also be industry-specific. For example, a doctor’s office may have medical malpractice insurance, or a lawyer might know it as LPL insurance.
What does professional liability insurance cover?
Sometimes the losses to a client aren’t due to property damage or bodily injury. Therefore, it falls outside of what a business’s general liability insurance can cover. If a client claims that they’ve lost money because of a slip of the tongue on your part, you could be held responsible for the extra money they’ve spent.
The most common claims that professional liability insurance can cover are those where a client claims:
- That a professional was negligent
- That the professional was not dealing in good faith
- That the client was given inaccurate advice
In some cases, these types of claims are reported by the client months or even years after the incident occurred. So, it helps that professional liability insurance can have retroactive dates of coverage. In this case, it means that your policy may only cover incidences that happened after a certain date in the past.
Who needs professional liability insurance?
There are tons of professions that can benefit from professional liability insurance. However, the most common occupations that have this type of insurance are:
- Home Inspectors
- Real Estate Brokers
- Financial Planners
- Print Shops
- Marketing Agencies
- Web Hosting companies
- Wedding Planners
- Professional Organizers
- Interior Designers
- And more!
Professional liability insurance, no matter the name, can also cover different types of risks depending on the industry. So, it’s important to get the right type of policy that fits your specific company.
How can I get the right professional liability insurance for my business?
When considering the type of professional liability coverage you need, you’ll want to consider the answers to the following questions:
- What types of services does my policy cover?
- What time frame is covered by my policy?
- Will my coverage change if my business is sold, merged with another business, or if my position changes?
- What’s excluded by my policy?
- Is there an option to extend the reporting period for incidents?
- Can the policy be customized or modified?
- Have there been any incidents that happened in the past that may result in a claim now?
Answering these questions can help your insurance agent get more accurate quotes and policies for the coverage you need.
How can I reduce the risk of professional liability claims for my business?
As a consultant or similar profession, you may have implemented various policies to avoid misleading your customers. Just make sure you follow these best practices for avoiding professional liability claims:
- Put everything in writing.
- Establish a high standard for quality control of your product or service.
- Keep your company records up-to-date with regular audits.
- Train your employees thoroughly and properly.
- Check in with your client regularly
- Answer any questions, concerns, or comments in a timely manner
- Get your customer’s informed consent. In other words, make sure that your client understands the product or service they’re receiving and get their explicit consent to perform your duties (when necessary).
We’ve all had to be wary of our words at some point or another. But when your business depends on more accurate communication than most, it’s important to stay clear and consistent with your clients and have the right type of insurance as a safety net. So, don’t miss out on the affordable professional liability insurance that can help save your business! Our agents are experts at finding great rates on the coverage that fits your services. To start your free business insurance quotes, call us today, fill out our online form, or LiveChat with an insurance specialist today!
Atlanta has a ton of great restaurants and tons of delicious food. If you’re an enterprising restauranteur in the Atlanta area, you’ve probably found that having a restaurant takes a lot of hard work and dedication. So, how do you go about protecting your restaurant? It’s important to make sure that your beloved restaurant is covered by the right insurance. But what coverages should you consider? We’ll go over some of the coverages you can consider for your restaurant.
The Atlanta area is prime for starting a business. Everywhere you look, there are budding entrepreneurs and new businesses popping up in the city and all over its suburbs. But what does it take to actually set up a successful business in such a big city? We’ll take you through a few tips on how to start your successful business in Atlanta.
Tips for starting a business in Atlanta.
1. Create a business plan
Everything that lasts starts with a good plan, and a business is no different. Before you start anywhere else, you need to know the ins and outs of how you’ll operate your business. Start with the general idea of your company and then ask yourself:
- What are my business goals?
- What are my business’s values and mission?
- What are the risks my business will face?
- What kind of customers do I want?
- What kind of objections to my company will I face, and how can I overcome them?
- What kinds of materials will I need?
- What materials and how much do I need to start out?
- What can I compare my business to?
- Who are my competitors?
These are just some of the basic details you’ll have to initially define for your company. Some of them, we’ll help you answer here. If you don’t know how detailed your answers should be, look up “mock business plans” or “sample business plans” on Google. Then, use those models to create your very own plan! This can be helpful for starting a business.
2. Define your Value Proposition
This term may sound scary, but it’s basically a fancy way of saying, “What makes you unique?” There are tons of businesses in Atlanta. So, what makes yours stand out? And how can you describe the difference to others?
If you’re an artist, then your value proposition may be your unique style. If you’re a consultant, it could be a different type of coaching method. If you’re a chef, it could be your signature dishes and the spin you take on traditional foods. In any case, you need to know what you bring to the table and how to properly express it to people in a way that sparks interest.
3. Build a brand
Now that you’ve identified what makes you unique, you need to be able to build a brand around that. Decide on a catchy business name, a slogan, and the type of personality you want your business to put out into the world. Are you a casual or black-tie kind of business? Do you want your tagline to be sassy or classic? What kind of voice do you want your business to have? All these are important things to consider when you’re starting a business.
Choose the options that will appeal to the customers you want, and then add a bit of your personal flair. Once you’ve created your brand, make sure that any marketing or company materials are consistent with that vision.
4. Be detail-oriented
While you may have an idea of the “big picture” of your company, there are tons of little details that go into day-to-day operations. What is your budget for everyday supplies? What type of training do your employees need? What is the step by step process of ordering t-shirts? How much will it cost to host your website? What are the safety measures you want to take? Some aspects may not need your attention until later. Until then, go through a typical day in business and pick apart the details of everything that an employee would do.
5. Budget out everything
When you’re starting a business, you’ll need to lay out all the supplies and services you’ll need to keep your business going and how much they cost. Map out how much money you have to start your company and how your start-up expenses fit into that budget. Are there things that you absolutely need right now? Or can something wait until you build up revenue?
Plan out how much you’ll need for behind-the-scenes operations costs like licenses, permits, and insurance. Account for the little things and for emergencies. Have a separate bank account for your business income and expenses so that everything stays organized. It’s important to find an accounting software that works for you, whether it’s an online spreadsheet or the top-of-the-line accounting program.
6. Get the right designations
If you need a certain license to start your business, find out the steps to take to get that designation. Know the legal designation of your business as well – whether it’s a sole proprietorship, an LLC, a corporation, etc. Your personal and business designations could determine how you’re allowed to operate.
Additionally, the legal designation of your company allows you to shift the liability of the business from you as an individual to your company as an entity. So, this step can be vital in making sure your personal finances take less of a hit if any.
7. Know what your tax situation will be
As you’re starting a business, make sure you’ve registered with the correct state and federal tax forms for your company. Allow room in your budget to be able to pay taxes. The best plan for getting your taxes in order is probably to partner with an accounting firm or a business tax professional. That way, you don’t have to worry about overpaying/underpaying your taxes or misunderstanding complicated laws.
8. Build a website
Now, you can start marketing your company using one of the easiest methods of the modern-day: building a website. There are tons of online programs that allow you to design a website or connect to developers to make you a custom site. This is a chance to spread your brand’s message to thousands of people pretty easily. It also presents an opportunity to showcase your work.
These days, most consumers won’t even consider businesses without a website or one with a site that looks slapped together. So, make sure your site looks clean and polished, and that it’s easy to navigate. Optimize your website loading times, and make sure that there’s a mobile-friendly version.
It’s also important to SEO optimize your site so that people can actually find your business in a web search. Don’t randomly insert keywords into your site’s content, though. Google can see right through keyword-stuffing and will knock you out of the top search results. Instead, vary your word choice and make sure that your content flows conversationally. Take an in-depth SEO course online and read up on tips to optimize your site.
9. Choose a location
You need somewhere to meet your customers, right? So, make sure that you choose a prime location for your business. Choose a location that’s convenient and easily seen. Look at locations that are local to your target customers and where the rent fits into your budget.
10. Get the right insurance
At the end of the day, a good business owner hopes for the best but prepares for the worst. Business insurance can be the best way to make sure that you have the tools to rebuild your company if something catastrophic happens. Forming a business means that it’s not just you anymore. So, you shouldn’t have to shoulder the brunt of a business disaster all on your own. Anyways – what we’re trying to say is don’t forget insurance when you’re starting a business.
Depending on the type of business you have, there are tons of different coverages you can get to protect your company. First, you may want to start off with a Business Owner’s Policy or BOP. A BOP is one way to get the basic amount of coverage you’ll need for a business at a better rate than purchasing the policies separately. BOPs usually include coverage for general liability, property damage (for your building), and business interruption insurance.
You may also want to consider coverages that are specific to your business, such as:
- Workers Compensation (this may even be required by law)
- Business Crime insurance
- Flood insurance
- Cyber Liability
- Employee Dishonesty Coverage
- Equipment Breakdown coverage
- Employment Practices Liability
- Errors & Omissions Coverage (E&O)
- Inland Marine coverage
- Liquor Liability
We know that starting a business can be an overwhelming and stressful process. However, our team can put your mind at ease by finding the right coverage for your unique company at the best rate possible. So, make sure you’re not missing out on game-changing coverage for your revolutionary business! Call us today, fill out our online form, or LiveChat with an expert today to start your free Atlanta business insurance quotes.
If you have a tow truck business, you’re probably wondering what kind of insurance you need to tow cars. Is just having auto liability insurance enough, or is there other insurance you need? One coverage that you might want to consider to protect your business’s bottom line is physical damage insurance. But what exactly is that, and why do you need it for your Atlanta tow truck business? We’ll explain what physical damage insurance is and why it’s important to think about when considering insurance for your business.
What is physical damage insurance?
Physical damage insurance is the coverage that can help you get your tow truck back on the road following an accident or another loss. Basically, if your tow truck gets smooshed, scratched, squashed, or otherwise damaged, your physical damage insurance helps with the repairs (or, in dire circumstances, replacement) of your vehicle.
The thing to keep in mind about tow truck insurance is that auto liability insurance won’t cover the repairs of your tow truck. If you’re at-fault in an accident, liability insurance pays for expenses like the other driver’s medical bills and car repairs – and it can help cover your legal expenses if you get sued over the accident. It protects the other driver…not your vehicle.
Bodily injury liability helps cover the other driver’s medical expenses. Property damage liability helps cover the repairs or replacement of the other driver’s car (or other property you might damage.)
Moving on, physical damage insurance consists of two parts: collision coverage and comprehensive coverage.
What is collision coverage?
Collision coverage helps you repair or replace your tow truck if you’re in an accident (or if you collide with something else, like a tree or telephone pole.)
You’re driving along on the way to help a driver whose car has broken down. On the way there, you accidentally run a red light and get into an accident. Fortunately, everyone is fine, but your tow truck is pretty smashed. Your collision coverage can help you cover the repairs.
What is comprehensive coverage?
Of course, getting into an accident isn’t the only way your tow truck could come to harm. If your truck is damaged by something other than an accident, comprehensive coverage helps you cover the repairs or replacement of the tow truck.
Covered losses can include…
- Animal strikes
- Falling objects (i.e. trees)
To give an example, let’s say that you park your truck outside in the yard. You happen to be located in a spot that’s near a lot of trees. That night there’s a surprise storm that knocks down a bunch of the aforementioned trees…and a huge tree branch crash-lands right into your tow truck. Which now resembles a pancake. Comprehensive coverage can help you repair the truck and get it back on the road.
Why is physical damage insurance important?
So, here’s the deal:
If you run a tow truck business, you’re kind of dependent on, well, your tow trucks. You can’t have a tow truck business without vehicles. If something were to happen to one of your trucks – for example, you get into an accident that’s your fault or your truck gets stolen out of your yard – you would need to get that tow truck either repaired or replaced and back to work. You need all of your trucks operating to protect your bottom line and keep your business running smoothly.
The only problem is that tow trucks are expensive. That’s why having the proper coverage for your tow trucks is essential. Those trucks are a major investment, and physical damage insurance is a crucial part of protecting that investment. If you only carry auto liability insurance, you would not be financially protected if something happened to your tow truck – meaning that the repairs or replacement of your truck would fall on your shoulders.
So, that’s what physical damage insurance is and how it can protect your bottom line and your business’s finances. Collision insurance helps you repair or replace your tow truck if it’s damaged in an accident. Comprehensive insurance helps you repair or replace your tow truck if it’s damaged by a loss other than an accident, such as a fire, falling trees, animal strike, vandalism, and theft. When you’re getting Atlanta tow truck insurance, be sure to consider physical damage insurance for your business.
To get started with tow truck insurance quotes, fill out our online quote form or give us a call. We can help you get great tow truck insurance at a great rate by getting quotes from multiple insurance carriers.
If you have a Georgia tow truck business, you’re probably wondering how to go about getting tow truck insurance. You know you need to get insurance, but you’re really not looking forward to it – there are a lot of tow truck insurance coverages to consider, and you’re worried that your insurance might be expensive. But first of all, what’s the best way to get quotes for tow truck insurance? We’re going to explain how to get Atlanta tow truck insurance quotes and why it’s so important for you to get multiple quotes.
How to get tow truck insurance quotes:
Are you a little worried that getting tow truck insurance quotes will be complicated or overwhelming? It doesn’t have to be – actually, it can be quite easy. We’ll explain how the quoting process works so you know what you’re getting yourself into.
1. You fill out our online quote form or give us a call.
The first step in getting tow truck insurance in Georgia is filling out our online quote form or giving us a call. This lets us know that you’re in the market for insurance. We have a team of tow truck insurance experts who can help you get quotes for your insurance – you just have to reach out to us.
2. One of our agents asks a few quick questions.
So, the next thing that happens is that one of our agents will ask a few quick questions to gather some general information about your business. We need to ask these questions so that we can get you the most accurate quote possible. But don’t worry – we’ll be quick and we won’t take too much of your time. We know that you’re busy – you have a tow truck business to run, after all. We like to make insurance easy.
3. We go get your tow truck insurance quotes.
Next comes the fun part – we go to the various carriers that we work with to collect some tow truck insurance quotes for you. We have relationships with many different insurance companies, so we can get competitive quotes and help you get the quality coverage you need. (Shopping around for tow truck insurance quotes can help you save money on your rates, by the way.)
4. We come back with your quotes.
We’ll go over your quotes with you and present your options. We’ll help you finalize your coverage and get everything squared away so you can hit the road with peace of mind. Our goal is to help you get great tow truck insurance at a great rate.
5. We’re here to help you with any insurance-related questions.
You can reach out to us any time with questions or issues pertaining to your insurance. You don’t have to go it alone. We’re available by phone, email, and LiveChat so you can get in touch in whatever manner is most convenient for you. Need to add a truck to your policy? Sure! Need to make an adjustment to your driver list? Not a problem. We’re here to take care of any concerns in a timely manner and with great customer service.
Why is it important to get tow truck insurance quotes?
Maybe you’re wondering why it’s important to bother with this entire process. Perhaps it feels like a bit of rigmarole. You might just be looking to get a ballpark estimate. However, the issue with “ballpark” estimates is that they tend not to be terribly accurate. There are a lot of factors that affect tow truck insurance rates, so rates vary a lot from business to business. The reason is that insurance companies need to find out how much of a risk you would be to insure and how likely you are to file a claim.
For example, things like your drivers’ MVRs, speeding tickets, your claims history, your location, your tow trucks, your towing radius, and so on can affect your rates. Thus, not every business is going to have the same rates – all of these details can play a part in your premium. Besides, every business needs different coverages and a customized insurance plan. Tow truck insurance plans aren’t exactly one-size-fits-all. You can’t go by a ballpark number because that number might not accurately reflect your business’s insurance needs.
So, that’s how you can get Georgia tow truck insurance quotes and why it’s important to get those quotes in the first place. Like we mentioned, getting started with those quotes is easy – all you have to do is fill out our online quote form or give us a call.
Towing can be a risky business to get into. So, whether you’re starting up your own Atlanta tow truck business or you’ve been in business for a while, you want to make sure that you’re properly insured. However, a lot more goes into insuring tow trucks than covering your drivers and your towing hook. So, here’s a rundown of the major types of insurance coverage you’ll need for a tow truck.
What insurance coverages do I need to tow cars in Atlanta?
Auto Liability Insurance
The auto liability portion of your tow truck insurance is a vital part of what protects your business in an accident. Auto liability insurance is usually broken up into two parts: Bodily injury liability and property damage liability.
The bodily injury portion of this coverage can help you cover the medical bills of another driver if you’re in a wreck. It can also help you pay the legal fees that come along with the accident if the other driver decides to sue. The property damage portion of auto liability can help you pay for the cost of repairs or the cost to replace the other driver’s car.
In the state of Georgia, all tow trucks are required to have:
- A $100,000 coverage limit per person for bodily injury or death
- A $300,000 limit per accident for each person injured or killed in an accident, and
- $50,000 in property damage coverage per accident.
Although these are the minimum limits for tow truck auto liability in Georgia, your towing contracts may have different coverage requirements. So, be sure to check with the people you’re contracted with and tell your agent about these limits when getting insurance quotes for your business.
It’s very important to note, though, that auto liability for tow trucks only covers the damage done to the other vehicle. So, what do you do if your tow truck is damaged in an accident?
Physical Damage Insurance
Physical damage insurance is the part of your coverage that can help you cover repair and replacement costs for your tow trucks. This type of insurance is also usually broken up into two parts: collision and comprehensive coverage.
Collision coverage for tow trucks can help you cover the costs of repairing your truck specifically if you’re involved in an accident. Comprehensive coverage can help you handle expenses from basically every other incident that could befall your tow trucks, including: fire, vandalism, theft, lightning, hitting an animal, hitting an object (like a tree or building), and more.
Regardless of the type of towing contract you have, if something happens to a client’s car, you could be held liable for the damages. Auto liability and physical damage coverage won’t help you cover that kind of risk. That’s what on-hook-in-tow coverage is for.
Let’s say that you’re driving to your yard with a client’s vehicle and it’s raining hard. Something happens and your tow truck loses traction. The truck itself and the driver are safe, but the client’s car got tossed in the chaos and has severe damage. You could be held liable for these damages, but your on-hook/in-tow coverage can help you cover the cost of the car’s damages.
Again, our insurance agents will be able to take into account the minimum requirements that Georgia has for on-hook/in-tow insurance, the minimum requirements of your towing contracts, and how much coverage you actually need for your business when you call in to get your quotes.
Garagekeepers insurance can help you cover your clients’ cars while they’re in your care, custody, and control – for example if they’re on your premises. Garagekeepers will generally help you cover the cost of damage to a customer’s car due to:
- And more depending on your specific policy
For example, if one of the cars in your yard has been tagged with spray paint overnight, your tow truck business’s garagekeepers insurance can help you cover the costs of painting over the damage to the customer’s car. Any tow truck operator in GA must have at least $50,000 in garagekeepers coverage limits, which covers the amount of the stored vehicles and their contents.
Garage Liability insurance
Garage liability coverage, however, is important because it can help you cover the costs of liability issues that come about because of the services you provide. This part of your tow truck insurance can help you cover you if the services you provide cause property damage or bodily injury.
For example: Let’s say that you provide roadside assistance, and you’re called in to help a customer change a tire. You drive out to them, change the tire, then the driver thanks you and drives off. However, a few miles down the road, the tire comes off, which results in an accident. You could be held liable for the accident since you changed the tire.
In the state of GA, all tow truck operators must have at least a $50,000 coverage limit for their garage liability insurance. Keep in mind that these are only the minimum requirements for garagekeepers and garage liability insurance in Georgia. Depending on the factors of your specific business, such as the type of cars you handle, the size of your business, and your towing radius, you may need more coverage. (But that doesn’t have to mean that your coverage will be more expensive – especially when you work with our agents to find quotes.)
Wrongful repo insurance
If your tow truck business also handles the repossession of vehicles, you’ll need a type of coverage that can protect you against human error. Tons of things can go wrong when repossessing a vehicle (besides a few angry customers):
- You may not have checked with the bank before you picked the car up. The person may have already made their payment and the bank was a bit delayed in relaying this information to you. Wrongful repo insurance may cover the costs of any legal fees that happen because of the misunderstanding. However, to avoid this mishap, make sure you check with the bank before you leave to tow the car.
- There was no written notice to you or the customer about the repo. A spoken agreement between you and the bank is not enough to tow the car. So, make sure you have written consent.
- You could just take the wrong car. Accidents happen, but this oops could have very dire consequences for your business if you don’t have the right coverage.
These may seem like a lot of coverages to have for a tow truck business, but they’re vital for keeping you, your drivers, and your business safe and out of a major financial pickle. It can be tough to look for all of these types of insurance by yourself and get the right amount of coverage for your particular towing business and tow trucks.
That’s why our insurance experts are here to help. Call us at 404.352.0304, fill out our online form, or chat with us to find out why we have a 9.8/10 review on TrustPilot after helping tons of towing companies get the Atlanta tow truck insurance they need.