Towing & Collateral Recovery
Northern Star Management is providing insurance for towing and collateral recovery specialists and has designed a comprehensive package to provide protection for every aspect of your business. The Towing program’s goal is to provide insurance for stand alone towing operators, towing operators with garages, towing operators with a city contract working on rotation, and those working for towing associations providing roadside assistance.
The Collateral Recovery program is designed for the “collateral specialist” who works with major lenders. This package of coverage provides protection for your owned equipment, your operation and your customers’ collateral. In addition, we include “wrongful repossession” and “duty to defend” coverage.
There are a wide range of eligible classes for insurance coverage in our Towing & Recovery Program:
- Tow Trucks with or without Storage Lot Operations
- Tow Truck Operators with Auto Repair
- Tow Truck Operators with Body Shops
- Towing for Auto Auction Operations
- Towing For Hire Operations
- Operations that have a limited trucking/equipment hauling exposure
- Limited incidental voluntary repossessions
- Incidental snow removal
- Ice recovery, sale of propane gas tanks and exchange of tanks
- Forwarding Operations
- Drive-Away Operations
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• Auto Liability
• Physical Damage
• Property
• General Liability
• Workers’ Compensation
• On-Hook Cargo
• Hired and Non-Owned
• Garage Keepers
• Inland Marine
• Motor Truck Cargo
• Wrongful Repossession |
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• Completed Northern Star Management Application
• Current plus 4-year prior loss information
• Current financials for risks over $10MM
• Current MVRs
• Expiring premium
• Supplemental applications may be rq’d. |
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• Auto Liability: $1MM CSL
• Property: $1MM- any one location
• General Liability: $1MM/$3MM
• Garage Liability: $1MM/$3MM
• Garage Keepers: Up to $1MM per location
• Medical Payments: Up to $5,000
• On Hook Cargo: Up to $1MM |
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