Congratulations! Your name is the first that springs to mind when your family and friends think "great food." Your snacks are supreme, your deserts to die for and your specialties truly spectacular. In fact, you think it may be time to go all-out with your culinary creativity.
Are you ready to turn your passion into a profit-making enterprise and join 11,000 other caterers in pursuing your share of an $8-billion-and-growing market?
According to catering experts, here are the key considerations and a few suggestions for anyone pondering a new catering start-up:
Don't forget to add your chosen Trusted Choice insurance agent to your pre-launch menu. He or she is trained and ready to be your go-to person on insurance and risk issues.
And you also can turn to a Trusted Choice agent who has specialized knowledge in working with catering firms of all types and sizes. Some insurance needs are basic to all catering businesses - general liability, property protection, auto and workers compensation - but, depending on your specific catering approach, you may need either modifications or other types of coverage. For example, what type of auto coverage you need will vary considerably if you own a pop-up restaurant as opposed to a food truck.
Your Trusted Choice agent can help lower or minimize your risks of loss, then check with many fine insurance companies to find you the best coverage tailored to your specific business needs.
With your safety net in place, you will be free to focus on building the catering business of your dreams. Bon apetit!
While highly competitive, no one business entity dominates the catering industry. That means new entrepreneurs have ample opportunity to enter the fray with a more than reasonable chance of success. Here are a few salient statistics: