A guide to workers compensation for towing companies documented why coverage is difficult to obtain and expensive to purchase, with insurers categorizing tow operations into two risk classes based on distance from shop and distinguishing between standard towing, 24-hour operations, and repossession work, according to Workers Compensation Shop. Companies that travel smaller areas, do not provide 24-hour service, and do not do repossession typically get lower rates.
Operator takeaway
Workers comp for towing is hard to find because insurers know the risk — if your coverage has been canceled or non-renewed, explore your state's insurance fund as a last-resort option.