Towing & Garage
At Best Formula Insurance, we specialize in delivering exceptional insurance solutions tailored specifically for non-franchised auto salvage and dismantling industries. Our commitment to quality and excellence is reflected in our partnership with an A+ rated national carrier, ensuring that our clients receive the best possible protection.
Comprehensive Services for Garage and Towing Risks
As a trusted provider, Best Formula Insurance serves as a one-stop shop for comprehensive garage and towing risk coverage. We pride ourselves on offering specialized expertise and experience without any radius limitations on towing, ensuring broad and flexible coverage for all operational needs.
Towing & Garage Keepers
Eligible Classes:
- Commercial Tow Truck Operators Please note: We do not offer solutions for repossession or auto hauling risks.
Core Coverages Include:
- Commercial Auto Liability, General Liability, and Garage Keepers Legal Liability: All come with a robust $1 million limit to ensure comprehensive protection.
- Facility Property Coverage: Tailored to protect the physical assets of your business.
- On-Hook/Cargo Coverage: Offers up to $500,000 per vehicle, safeguarding goods in transit.
- Additional Offerings: Including hired car/non-ownership coverage, dealer plates, excess liability, and workers’ compensation to meet the diverse needs of our clients.
Garage Program
Eligibility and Specialized Coverages for Garages, Dealers, and Repair Shops
Eligible Classes:
- Non-Franchised Used Car Dealers
- Used Heavy Truck Dealers
- Garages, Repair Shops, and Body Shops
Core Coverages Include:
- Comprehensive Liability Coverage: Combines Commercial Auto Liability, General Liability, Garage Keepers Legal Liability, and Commercial General Liability, each with a $1 million limit.
- Commercial Property: Protects business premises with up to $3 million Total Insured Value (TIV) per location.
- Additional Insurance Products:
- Commercial Inland Marine and Commercial Crime
- Commercial Umbrella with a $2 million limit
- Broad Form Coverage
- On-Hook/Cargo Coverage with a $500,000 limit per vehicle
- Dealers Open Lot with a $1.5 million limit
- Dealer Plates and Drive Away Collision Coverage up to $50,000
- Tow Truck Coverage
Auto Salvage, Dismantling, and Recycling
Eligible Classes:
- Businesses and facilities specializing in auto salvage, dismantling, and recycling
- Multi-purpose facilities that offer additional services such as repair or towing
- Coverage extends to tow truck exposures with no limits
Core Coverages Include:
- Liability and Damage Protections: Combines Commercial General Liability, Commercial Auto Liability, and Garage Keepers Legal Liability, each with a $1 million limit.
- Medical and Personal Protections: Includes Medical Payments, Premises Medical Payment, and Personal Injury Protection.
- Property and Additional Coverages:
- Physical Damage, On-Hook Cargo with a $500,000 limit per vehicle, and Dealer Plates.
- Commercial Property with up to $3 million Total Insured Value (TIV) per location.
- Broad Form Coverage, Tow Truck Coverage, Commercial Inland Marine, and Commercial Crime.
- Commercial Umbrella with a $2 million limit.
Why Choose Best Formula Insurance?
At Best Formula Insurance, we are dedicated to providing unparalleled insurance services tailored for the unique needs of the auto salvage, dismantling, and recycling industries. Our partnership with an A+ rated national carrier ensures that you receive the highest standard of protection. From comprehensive garage and towing risk coverage to specialized programs for various automotive sectors, our commitment to excellence is unwavering. We invite you to experience the security and peace of mind that come from knowing your business is well-protected with Best Formula Insurance.