Prime Insurance Company is a trusted carrier for specialty liability insurance, offering a tailored Repossession-Towing Insurance program designed specifically for towing and repossession operations. With over 30 years of experience in this niche, Prime helps insurance agents place complex or hard-to-insure risks with confidence.
Repossession and towing businesses face unique risks that go well beyond standard auto or liability coverage. From damage during vehicle transport to property loss and employee-related liabilities, these operations require specialized underwriting. Prime’s underwriting team understands the nuances of the industry and can identify coverage gaps that often go unnoticed.
Ideal Accounts and Appetite
This program is built for a wide range of towing and repossession companies, including:
- Auto repossession agents and firms
- Towing operators with impound or storage lots
- Firms handling high-value or specialty vehicles
- Operations with guard dogs or on-site security personnel
You might have a client who runs a 24/7 towing operation with multiple impound lots, or a repossession company that transports vehicles across state lines—both are strong fits for this program.
Coverage Highlights and Advantages
Prime provides broad and flexible coverage options, designed to manage the full range of exposures in repossession and towing operations. Available coverages include:
Additional risks addressed may include:
- On-hook towing liability
- Assault and battery coverage
- Employee and security personnel liability
- Firearms and personal property liability
Underwriting Notes and Minimum Premiums
Prime specializes in hard-to-place and high-risk accounts, often stepping in when higher limits or custom solutions are needed. Minimum premiums vary by account, and coverage is available on a non-admitted basis in many states.
Territories and Availability
The Repossession-Towing Insurance program is available in most states, including but not limited to CA, TX, FL, NY, IL, and GA. Some admitted options may be available depending on the state and account. Please contact Prime for specific state availability.
Why Work With Prime Insurance Company?
Prime Insurance Company brings deep expertise, flexible underwriting, and a commitment to filling coverage gaps that others overlook. They are a reliable partner for agents seeking protection for complex towing and repossession risks. Whether you're placing a new venture, a distressed risk, or a seasoned operation requiring higher limits, Prime has the tools and experience to help you deliver.