The vessels of fishermen can experience issues. Boat towing businesses are on the go to provide rescue. If you operate a boat towing business, accidents can happen when you are on the water. The boat can break down, or your employees can be injured. It would be best to have boat towing insurance to offer you peace of mind in case of unexpected accidents. Also, it’s easier to earn money if you’re insured since clients will only work with a towing boat with a cover.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
General liability insurance is a fundamental policy for boat towing businesses. This policy covers common risks that may occur while doing business. It typically covers:
Property damage
Bodily injury
Advertising injury
The coverage limit can be from $1,000,000-$2,000,000. But some insurers will offer even higher limits depending on the needs of your business.
Cyber liability coverage–Protects your business from data breaches, phishing, and other internet-related risks
Additional insured coverage–Extends your liability coverage to cover individuals or organizations that are not listed on the policy
No, it is not compulsory, but it is a necessity for your towing business. Remember that risks can occur anytime, and you must protect your business.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
| Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
You may make errors or omissions or be negligent during your boat towing business. If your mistakes cause damage to your customers, they may sue you. Professional liability insurance will protect you in such circumstances. The insurance will cover the following:
Legal fees
Court costs
Settlements
Judgment costs
The coverage limit for professional liability insurance is $500,000-$5,000,000. These figures can be higher or lower depending on the covered risks.
Media liability coverage–This policy protects you against claims of libel, slander, and intellectual property rights infringement
Yes, you need this type of insurance. This boat US towing insurance will cushion your business from expensive lawsuits and settlements if you make errors or omissions.
In your boat towing industry, you may damage a third party's property or cause bodily injury to them. Public lability insurance will cover these damages. This insurance covers the following:
Legal defense costs
Judgment costs
Settlement costs
Property repair and replacement costs
Medical costs
Companies will offer a coverage limit of $500,000-$1,000,000 in your public liability insurance for towing a boat.
Watercraft liability–Covers bodily injury or property damage inflicted by the towable watercraft or the vessel you’re using
Personal injury liability–Includes coverage for slander, libel, invasion of privacy, and other personal injuries caused by your boat towing business
Yes, most insurance companies will impose some exceptions. They may include intentional acts or criminal acts.
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Commercial property insurance covers all your physical assets. It will cover inventory, equipment, buildings, and fences. The risks include:
Natural disasters
Vandalism
Theft
Fire
Your insurer will first gauge the exact value of your property before stating the coverage limit for this commercial boat towing insurance. But generally, it will range from $100,000 to $1,000,000.
Floods insurance–Flood insurance protects your boat from flood-related damage
Earthquake insurance–Your watercraft is covered by earthquake insurance if it sustains damage as a result of an earthquake
Yes, commercial property insurance can cover damage to equipment and machinery owned by the business.
No, this type of insurance is not compulsory for your boat towing business. But it is recommended to protect your business from financial losses.
| CoverWallet | Thimble (Best) | NEXT | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
Business owner’s policy (BOP) is a policy that is a combination of two policies. It includes business property insurance and general liability insurance as a single entity. This sea tow boat insurance will provide coverage for the following:
Property damage
Bodily injury
Equipment failure
Assets damage or theft
Insurers will offer a limit of $1,000,000 or more. Ensure the limit stated by your insurance company is enough to cover your losses.
Small businesses with physical locations and repeatable low risk of liability claims are eligible. But you can find out from your insurance company.
| NEXT | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
In your boat towing business, you use various tools and equipment. The tools and equipment insurance offers coverage for the damage or loss of these items. It can cover your items from perils such as:
Theft
Vandalism
Fire
Natural disasters
Most policies will offer a range of $10,000-$50,000. Notably, some will offer higher limits depending on the value of your equipment.
Inland marine coverage–Protects property during transportation over land, including tools and equipment
Installation floater coverage–Protects your property during installation or construction, covering losses from theft or damage
Yes, you can. But you will get this coverage if you use the tools for business operations.
No, this type of sea tow boat insurance is not compulsory. But it would be best if you safeguard your investments in the event of unforeseen risks.
Boat insurance for boat towing is a policy that offers coverage for your boats and vessels. This sea tow insurance will protect your business against multiple risks, such as:
Damage to your vessels
Liability for accidents
Injuries to passengers
Liability coverage–This covers the costs of damages or injuries you may cause to others while towing a boat
Physical damage coverage–This covers damage to the boat being towed or the towing vehicle as caused by collisions, fire, theft, vandalism, and other covered perils
Personal property coverage–This covers any personal items on the boat being towed, such as electronics or fishing gear.
Towing and labor coverage–This covers the costs of towing the boat in case of a breakdown or other issues while on the water
Emergency assistance coverage–This covers the costs of emergency services such as towing, fuel delivery, and battery jump-starts
Wreck removal coverage–This covers the costs of removing the boat if it is damaged or sunk in an accident
Agreed value coverage–This provides coverage for the agreed-upon value of the boat in case of a total loss
Navigation area coverage–This specifies the navigational limits of the coverage, such as inland waterways or coastal waters
Fuel spill liability coverage–This covers cleaning up a fuel spill caused by the boat being towed
Consequential damage coverage–This covers damages to the boat being towed that result from covered perils, such as a fire or collision
Salvage coverage–This covers the costs of salvaging a boat damaged in an accident
An insurer will determine your coverage depending on the type and size of your boat. The company can also check the level of coverage needed. But overall, the range of the coverage limit can be $100,000-$1,000,000.
Yes, there exists some exclusions to this marine towing insurance policy. For instance, if you incorporate improper towing techniques, most insurers might not compensate. But the exclusions vary from one insurer to another, and you need to check before purchasing a policy.
Accidents may occur during the boat towing process leading to employee injuries. Also, your employees might be exposed to toxins during work, causing work-related illness. The workers compensation insurance will offer benefits for employees in such scenarios. Benefits provided by this insurance include:
Lost wages
Medical expenses
Rehabilitation benefits
Death benefits
The amount of coverage you get from this type of towboat insurance is hard to determine. This is because payouts depend on the workers comp law of the particular state your business is located.
Employer’s liability insurance–Protects you if employees file a claim for negligence when a work-related injury or disease happens
If your business has more than one employee, you are legally required to have this insurance.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $40 | $480 | $0-$500 |
| Commercial property insurance | $78 | $936 | $1,000-$2,000 |
| Business owner's policy | $118 | $1,416 | $1,500 |
| Tools and equipment insurance | $45 | $540 | $500-$1,000 |
| Boat insurance | $79 | $948 | $500-$1,000 |
| Workers compensation insurance | $115 | $1,380 | $2,500-$5,000 |
The average sea tow insurance cost is $40 per month or $480 per year for a $1 million general liability policy. Most insurers review the following information when calculating premiums
The size of your business
Exposed risks
Type and value of your boats
Number of employees
Past insurance claims
Towing Equipment
Distance and frequency of your towing operations
In connection, here’s a table showing the rates of the recommended boat towing insurance companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $20 | $240 | Best overall; Fastest general liability insurance for boat towing businesses |
| CoverWallet | $30 | $360 | Comparing boat towing insurance quotes online |
| The Hartford | $40 | $480 | Towing businesses looking for superior customer service and personalized insurance products |
| Tivly | $25 | $300 | Comparing boat towing insurance quotes over the phone |
| Thimble | $45 | $540 | Boat towing businesses who need coverage on a short-term basis |
| Hiscox | $50 | $600 | Small boat towing business that want tailored coverage options |
| GEICO | $60 | $720 | Boat towing businesses that prioritize a variety of coverage options |
| Progressive | $80 | $960 | Boat towing businesses looking for responsive and reliable roadside assistance |
| State Farm | $90 | $1,080 | Boat towing businesses that are primarily interested in liability, collision, and comprehensive coverage |
| Allstate | $100 | $1,200 | Boat towing businesses looking for online tools and resources to manage policies and file claims |
Get all the best quotes from leading providers in a click of a button!
When selecting a boat towing insurance company, check coverage options and limits. You also need to check the pricing and deductible requirements. Here is a list of the best boat tow insurance companies:
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for boat towing businesses
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT is a renowned insurance company. This company has gained attention due to its use of modern technology to personalize customer coverage. They use algorithms to create a risk profile for each customer. If you are looking for sea tow insurance coverage, this company offers the best deals
Best for: Best overall; Fastest general liability insurance for boat towing businesses
Average cost: $20 per month
Our rating: 10/10
User-friendly platform
Offers multiple insurance products
Instant quotes
May not offer high specialization in the boat towing insurance
Not an insurance company but an insurance broker
CoverWallet is a well-known digital insurance platform. They have a very user-friendly platform and an easy application process. This company offers multiple insurance products, including boat towing insurance. They make use of technology to simplify the insurance buying process.
Best for: Comparing boat towing insurance quotes online
Average cost: $30 per month
Our rating: 10/10
Specialized insurance policies for boaters
Discounts available
Outstanding customer service
Limited availability in some states
The Hartford also offers specialized insurance products for boaters. This company has received numerous awards and accolades for its customer service and claims handling.
Best for: Towing businesses looking for superior customer service and personalized insurance products
Average cost: $40 per month
Our rating: 10/10
Real-time claims processing
Customizable coverage options
Personalized support
It is a relatively new company with a limited history
Tivly has not been in the insurance market for many years. But it is known for offering a simplified insurance application process and claim processing. They also offer a personalized experience. Call now to compare quotes over the phone.
Best for: Comparing boat towing insurance quotes over the phone
Average cost: $25 per month
Our rating: 10/10
Flexible coverage options
Instant coverage
Customizable options
Lack of long-term coverage
Thimble is an insurance company that offers multiple insurance policies. They use technology to determine fair and accurate prices for all their policies. This company offers cost-effective and personalized insurance coverage.
Best for: Boat towing businesses who need coverage on a short-term basis
Average cost: $45 per month
Our rating: 10/10
Customizable coverage options
Risk management services
Wide coverage area
Limited specialized coverage options
Hiscox is a reputable insurance company that covers entrepreneurs and small businesses. They offer multiple insurance products, including boat US towing insurance. This insurer can offer tailored coverage solutions to meet the unique needs of all customers.
Best for: Small boat towing businesses that want tailored coverage options
Average cost: $50 per month
Our rating: 10/10
Affordable rates
Broad coverage options on the GEICO boat insurance towing
Offers multiple additional coverage options such as boat roadside assistance
The coverage options and availability might vary by state
GEICO is a reputable insurance company that offers boat towing insurance. Their insurance policies will cover the costs of labor or emergency towing if a boat is disabled in the water. The company has many coverage options, such as GEICO roadside assistance and fuel delivery. GEICO boat towing insurance comes with attractive discounts for you.
Best for: Boat towing businesses that prioritize a variety of coverage options
Average cost: $60 per month
Our rating: 9/10
24/7 roadside assistance
Discounts available on the Progressive boat towing insurance
Broad coverage options
High rates
Progressive is a reputable insurance company that offers comprehensive boat towing coverage. This company offers 24/7 Progressive boat roadside assistance. They also have a fast response in the event of any emergency. Another feature that makes them outstanding is their safe boater discounts on the Progressive on water towing policies.
Best for: Boat towing businesses looking for responsive and reliable roadside assistance
Average cost: $80 per month
Our rating: 9/10
Offers multiple coverage options
Have a national network of agents
Easy-to-use virtual platform
Slow response times
State Farm is a well-known company. This insurance company offers a variety of insurance products. They offer the best deals on boat insurance and boat towing insurance. Also, they have excellent customer service and experienced agents available around the clock to offer assistance. You can find various discounts on the State Farm boat towing insurance policies.
Best for: Boat towing businesses that are primarily interested in liability, collision, and comprehensive coverage
Average cost: $90 per month
Our rating: 9/10
Have online resources and tools
Mobile app available
Unique coverage options
Slow response time
Allstate is a well-established insurance company that offers multiple insurance products. They offer home, auto, and boat insurance. When you apply for Allstate boat towing insurance, you can use their online tools and resources to manage your policy.
Best for: Boat towing businesses looking for online tools and resources to manage policies and file claims
Average cost: $100 per month
Our rating: 9/10
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow
Not all those who wander are lost.
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