Tow Truck Insurance Henderson Ky | Pathway Insurance https://www.pathwayinsurance.net Independent Insurance Agency in Cincinnati Mon, 26 Jul 2021 16:35:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Tow Truck Insurance Louisville Ky https://www.pathwayinsurance.net/commercial-auto-insurance/tow-truck-insurance-louisville-ky/ Thu, 20 Apr 2017 18:49:22 +0000 http://www.pathwayinsurance.net/?p=6437 Tow Truck Insurance Louisville Ky ­— BIG Savings! If you’re looking for better deals on Tow Truck Insurance in Louisville Kentucky then you need to call Pathway Insurance right now by dialing 1-800-998-0662.  Pathway Insurance offers Tow Truck Insurance in Kentucky, Tennessee, Indiana, Ohio, Michigan, Wisconsin, Minnesota, Missouri, Texas, New Mexico, Arizona, Georgia, Florida, and the Read more..

The post Tow Truck Insurance Louisville Ky first appeared on Pathway Insurance.]]> Tow Truck Insurance Louisville Ky ­— BIG Savings!

Tow Truck Insurance Louisville KyIf you’re looking for better deals on Tow Truck Insurance in Louisville Kentucky then you need to call Pathway Insurance right now by dialing 1-800-998-0662. 

Pathway Insurance offers Tow Truck Insurance in Kentucky, Tennessee, Indiana, Ohio, Michigan, Wisconsin, Minnesota, Missouri, Texas, New Mexico, Arizona, Georgia, Florida, and the state of Maryland seven days per week.

If you find our website after hours or on the weekend use our online chat system. Licensed agents are available 7 days per week to provide quotes, answer questions, issue policies and provide service for those insured with our company.

Additionally, you can send us requests for quotes and information by using the links below 24 hours per day:

Louisville Kentucky Tow Truck Insurance — Avoid This Method With Your Commercial Insurance. 

There’s no question that Kentucky Tow Truck Insurance is expensive. However, in the past some tow truck owners, in an attempt at dodging increased rates because of poor claims experience, have used (somewhat successfully) something we refer to as:

The New Business Venture Loophole. 

What is “The New Business Venture” Loophole? 

Basically, it is a strategy to “close” an existing tow truck company and reopen under a new name. 

In the past, companies would take this approach when they got into trouble with their creditors or were on the receiving end of legal judgments. They assumed that a legal corporation provides a free hand to come and go as they please.

While it is true that a legal corporation is a separate entity from the owner of the business and does, in fact, provide some measure of protection, some tow companies who have gotten into trouble with their insurance companies because of too many claims have found it difficult to stay in business when they are forced into High Risk Tow Truck Insurance. 

So a new strategy was invented called the New Business Venture Loophole. 

This Is How the New Business Venture Loophole Begins. 

Example: Bugsy McCoy Towing receives a cancellation notice from his insurance company due to something called frequency of claims. Bugsy McCoy, the owner, is somewhat perplexed because he doesn’t really understand the term “frequency of claims.” He calls his agent who patiently explains to Bugsy that frequency of claims means you turn in too many claims. 

 “I’ve only had five claims in the last three years!” Bugsy exclaims. “How can that be frequent?” 

“Bugsy,” Bugsy’s agent replies, “ insurance companies are really no different than your towing company; let’s say you had a customer that cost you $500 every time he called in for a tow. Would you keep him as a customer?” 

“Well, no…” Bugsy tentatively replies. 

“See, in your case, Bugsy, you paid your insurance company $30,000 in the last three years for your insurance, but your insurance company has paid out $120,000 in claims. Would you say that’s a winning proposition for your insurance company?” 

“But that’s why I buy insurance.” Bugsy counters. 

“Well that’s true, Bugsy, but in your case, your insurance company has lost $90,000 more than you paid them, so in their eyes, you are a claims machine and they want no more part of that. We can shop around to see what we can find for you, okay?” 

“Okay,” Bugsy replies. 

Bugsy’s agent gets back to him a few days later. The new rate is triple what he was paying before. 

Bugsy complains to his agent that he can’t afford that and will have to go out of business. 

“Well, Bugsy, unfortunately, no one wants to insure you except for this one company, and they need $10,000 down just to start the policy. If you change your mind give me a call.” 

What will Bugsy do? In our next article, Bugsy believes he comes up with a good idea to keep him in business and get his insurance rates down to the level he was at before. Will he succeed? 

Don’t miss the next article. 

Tow Truck Insurance Louisville Ky — Call Pathway Today. 

Because we specialize in Tow Truck Insurance in Kentucky you can count on us to find the coverage you need for new and well-established tow companies. 

Call us right now by dialing 800-998-0662 or send us a request for quotes 24/7 when you use links below based on your nearest locality: 

The post Tow Truck Insurance Louisville Ky first appeared on Pathway Insurance.]]> Tow Truck Insurance Ky https://www.pathwayinsurance.net/commercial-auto-insurance/tow-truck-insurance-ky/ Wed, 29 Mar 2017 22:58:40 +0000 http://www.pathwayinsurance.net/?p=6423 Tow Truck Insurance Kentucky — New Program, HUGE Savings! Looking to purchase Tow Truck Insurance in Kentucky? Having trouble finding affordable rates?  A brand-new Kentucky Tow Truck Insurance Program has just been announced with huge savings available for qualified tow truck companies.  There are a few qualifying conditions to be eligible for this program. Not Read more..

The post Tow Truck Insurance Ky first appeared on Pathway Insurance.]]> Tow Truck Insurance Kentucky — New Program, HUGE Savings!

Tow Truck Insurance KentuckyLooking to purchase Tow Truck Insurance in Kentucky? Having trouble finding affordable rates? 

A brand-new Kentucky Tow Truck Insurance Program has just been announced with huge savings available for qualified tow truck companies. 

There are a few qualifying conditions to be eligible for this program. Not every tow truck company will qualify, but the quickest way to know whether or not your tow truck company qualifies is to speak with one of our licensed agents. We would be happy to tell you all about this new program which could save you thousands! 

There are three easy ways to contact one of our representatives or to request a free quote on Kentucky Tow Truck Insurance: 

1.    Call 1-800-998-0662 Monday through Friday until 5 PM Central Standard Time. 

2.    Chat with us online seven days per week up until 5 PM Central Standard Time

3.    Fill out our simple online quote form to request a free quote 24 hours a day, 7 days a week based on your nearest location listed below: 

Tow Truck Insurance Kentucky — Why Choose Us? 

Pathway Insurance is a leading independent insurance agency offering great rates and options on Tow Truck Insurance in Kentucky, Ohio, Indiana, Tennessee, Missouri, Illinois, Wisconsin, Michigan, Texas, Colorado, New Mexico, Arizona, Florida, Georgia, Maryland, and soon we will be in most states. 

The unique benefit of an independent agency is that we are free to shop the insurance marketplace for the most suitable Kentucky Tow Truck Insurance Policy on the market at any given time. 

This allows us to find low rates and the best coverage for commercial truck insurance being offered in your area. 

Whether you are just starting out or you have been in the towing business for years, the agents of Pathway Insurance may be able to save you thousands or even tens of thousands on your commercial auto insurance while also providing comprehensive coverage for your vehicles. 

If that sounds good to you then why not speak with us today? 

Tow Truck Insurance Kentucky – Avoid These Common Tow Truck Insurance Mistakes. 

As an experienced agency, we have seen a lot of towing companies – especially new towing companies – make a number of common mistakes that can have serious financial consequences. 

In a series of future articles, we will take an in-depth look at each of the following common tow truck insurance mistakes topics: 

“The New Business Venture” Loophole – In an attempt at dodging increased insurance rates, or the loss of their commercial insurance due to racking up claims and moving violations, some sneaky tow company owners will pretend to reopen their towing business under a new name. 

We will take a look at why you need to avoid using the “The New Business Venture” Loophole that may have worked in the past but is bound for failure in the year 2017 and beyond. 

Purchasing a used tow truck from a company that has recently gone out of business – When you are just starting out, it might seem like a good idea to buy a used tow truck at a discounted rate from a recently-closed towing operation. 

We will discuss why that may not be such a good idea after all, and fill you in on one easy way to avoid this simple mistake. 

Allowing your tow truck insurance to lapse – For a multitude of reasons, towing operations sometimes allow their truck insurance to lapse. Whether intentional or not, we will show you why you should never make this big mistake. 

Operating without tow truck insurance – There may be many reasons why a tow truck operator might operate his vehicle without insurance, but in this article, we will discuss why this is a huge mistake, no matter the reason. 

Failing to disclose all of the facts to your truck insurance policy provider – When you apply for a commercial auto policy, you may choose to leave out some pertinent information on the application. 

We will tell you why it is a mistake to omit information on your tow truck insurance application.        

Turning in small claims – Some dutiful business owners submit insurance claims no matter how insignificant the damage, sometimes at the urging of their agent. In this article we will demonstrate how turning in small claims can turn out to be a big mistake. 

Failure to avoid these simple mistakes can lead to some ugly outcomes, including: 

  • Massive price increases on existing insurance policies
  • Cancellation of existing insurance policies
  • Claim denials
  • Difficulty finding competitive rates on tow truck Insurance

If you don’t want to wait for the articles to find out how you can avoid these tow truck insurance pitfalls then contact Pathway Insurance Services today!

Tow Truck Insurance Kentucky – To Start Your Free Quote Call or Click Right Now!

Learn more about this brand-new program that may save you thousands or even tens of thousands on your Kentucky Tow Truck Insurance! 

Call us by dialing 1-800-998-0662 up until 5 PM Central Standard Time through the week, use our online chat system seven days per week up until 5 PM, or send us a request for quotes 24 hours per day based on your closest location that you see below:

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