Best Price Workers Comp for California Tow Truck Companies

Best Price Workers Comp for California Tow Truck Companies

Tow Truck Companies in California with employees are required to carry Workers Comp. While this coverage can be quite expensive, there are ways to reduce the cost. We will go over some of the things you can do to assure you are getting the best price on your Tow Truck Company’s Workers Comp.

Best Price Workers Comp for California Tow Truck Companies – Shopping Your Insurance

Shopping your Workers Comp annually plays an important role in assuring you get the best price on your Workers Comp. This is because Workers Comp carriers’ rates and guidelines are always changing. The carrier that had the best rate this year may have the worst rate next year. These rates are always changing, therefore it is important to shop your policy at renewal to assure you are getting the best rate.

Best Price Workers Comp for California Tow Truck Companies – Classifying Your Employees

Properly classifying your employees can make a big difference in your bottom line. In California, most Tow Truck operations fall under the 7227 class code, also referred to as ‘automobile or truck towing’. This rate can be expensive, so make sure you classify your employees separately, when applicable. For example, in most cases, you can separately classify your clerical and/or outside sales employees. Separately classifying these employees can reduce your premium substantially.

Best Price Workers Comp for California Tow Truck Companies – Clarifying Your Operations

There are several Workers Comp carriers that offer coverage for Tow Truck Companies, but they all have different guidelines. Some carriers allow interstate towing, while others do not. Some carriers will offer discounts if you only do local towing, or 100% consent towing. With that said, it is very important that you properly explain your operations to assure you are getting all the discounts that are available to you. In addition to explaining your operations you should also notify your Agent/Broker of any safety programs that have been implemented, as it may allow for additional discounts.

If you would like to learn more about maximizing discounts and getting the Best Price Workers Comp for your California Tow Truck Company, give us a call!

We are available at 925-297-4829.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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