With travel increasing and more vehicles on the road, car accidents and other car issues have surged resulting in a greater demand for towing services and roadside assistance. Over the last several years, the U.S. automobile towing industry has grown 4.7% annually, reaching a market size of $8.4B in revenue.
Tow-truck operators are on call 24 hours a day, showing up at the scene to clear debris from roadways and getting vehicles to safety. Meeting these unique risk exposures is our specialty, and we take risk management seriously. TUMI, part of the Amwins Underwriting division, offers an exclusive towing program that is distributed through a select group of retail brokers. Our team of experts has been underwriting tow company business since 2008, and we have a unique understanding of this specialty class – providing resources designed specifically for your clients’ needs.
The program is available in most states
A.M. Best rated "A" (Excellent)
Admitted & non-admitted
Rob Mills expounds on the risk-management solutions that are necessary for today's tow-truck companies in this article with Insurance Business America.
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