For insurance buyers, insurance agents and insurance wholesalers!For insurance buyers, insurance agents and insurance wholesalers!
Russell Bond & Co., Inc.
Contact Us
contact_phone Click to call
Russell Bond & Co., Inc.
Contact Us
contact_phone Click to call

Tow Truck Program

Russell Bond & Co., Inc. offers a proprietary program for Tow Truck Operators, including garage operations.

Independent Garage and Towing Contractor Services, Inc. (IGTCS) is a Risk Purchasing Group (RPG) insurance program formed in 1997. Developed and administered by Russell Bond & Co., this program is designed to meet the unique insurance and risk management needs of towing and garage operations on a national scale. The IGTCS program features a dedicated in-house team of seasoned professionals handling underwriting, sales, and administrative support. With over 15 years of industry-specific experience per team member, the program delivers tailored solutions backed by strong carrier partnerships and responsive service.

Program Highlights

  • Coverage underwritten by an "A, Excellent" A.M. Best-rated carrier on admitted paper
  • Meets or exceeds requirements for most motor clubs and many state regulations
  • Federal and state filings included at no additional cost
  • Flexible and affordable premium financing options

Coverage Options

  • Business Auto Liability: up to $1,000,000 per accident
  • General Liability: $1,000,000 per occurrence / $3,000,000 aggregate
  • Garage Keepers Legal Liability: up to $500,000
  • On-Hook Liability: up to $250,000
  • Employment Practices Liability: up to $1,000,000
  • Optional coverages: Property, Umbrella, and Cargo
  • Workers’ Compensation available in AL, AR, DE, FL, GA, IA, IN, IL, KS, KY, LA, MD, MN, MO, MS, NC, OK, PA, SC, TN, TX, VA, and WI

Ideal Accounts and Eligibility

  • Towing companies with 3 to 50 power units—larger fleets considered
  • Minimum of two years in operation
  • Employee drivers only
  • 24/7 towing services
  • Clean 5-year loss ratio (preferably 25% or lower; exceptions considered for shock losses)
  • Operations that include roadside assistance and/or repair services
  • Accounts with additional services like body shops, convenience stores, non-impound storage, salvage yards, used car sales, and voluntary repossessions

Ineligible Risks

  • Involuntary repossessions
  • Public dismantling operations
  • Trucking operations
  • Used and recapped tire sales

Territories and Availability

This program is available in most states across the U.S., including AL, AZ, AR, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, KY, ME, MD, MI, MN, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, and WI.

Why Work With Russell Bond & Co., Inc.?

Russell Bond & Co. brings deep expertise in the towing and garage sector, offering agents access to a well-established, proprietary program backed by a financially strong carrier. Their dedicated program team provides fast, knowledgeable support and a flexible underwriting approach that helps agents confidently place eligible accounts. You might have a client operating a 24-hour towing company with attached garage repair services and a clean loss history—this program is designed for exactly that kind of operation. Whether your client's business is in a rural area or a smaller metro market, IGTCS has the coverage breadth and underwriting appetite to serve their needs. If you’d like to learn more about placing business through the Tow Truck Program, reach out to the Russell Bond team directly.

Frequently Asked Questions

What types of accounts are a good fit for this Tow Truck Program?

Preferred accounts include towing companies with 3 to 50 power units, clean loss histories, employee drivers, and a minimum of two years in business. Operations with roadside assistance, repair shops, or related incidental services are also eligible.

Are larger towing fleets eligible for this program?

Yes, while the target size is 3 to 50 power units, larger accounts may be considered depending on risk characteristics and loss history.

Can this program cover operations with other business activities?

Yes, the program can accommodate incidental operations such as body shops, convenience stores, salvage yards, used car sales, and voluntary repossessions.

Is Workers’ Compensation coverage available through this program?

Yes, Workers’ Compensation is available in select states including TX, FL, GA, PA, and others. Contact the program team for state-specific availability.

What types of risks are not eligible?

Ineligible risks include involuntary repossession services, trucking, public dismantling operations, and used or recapped tire sales.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Agency
  • Admitted:
    0
  • Carriers:
  • Carrier Ratings:
    -
  • Commission:
    -
  • Min Premium:
    -

Browse

Request a Quote Now!

CONTACT INFORMATION

LOCATION

295 Main Street , Suite 866
Buffalo, NY 14203
800-333-7226
View Map
CompleteMarkets is The Insurance Industry's Professional Network
Please Register for FREE or Sign In to contact
Not an Insurance Agent? No problem, we help hundreds of people find the right agent/advisor every day!
Visit our dedicated Insurance Consumer section and we will recommend the right agent for your specific needs.
Russell Bond & Co., Inc. has other insurance programs like Employment Practices Liability Insurance.