If you run your own food truck, your insurance has to be a top priority, after the menu of course. Why? Well, because you’re not only a restaurant with flames and sharp knives, but you’re also a truck that drives places. Your trailer and your business both need proper protection that only a carefully crafted portfolio of insurance policies can provide.
Fortunately, our independent insurance agents are here to eliminate the hassle of searching on your own by walking you through a hand-picked selection of top insurance policies to cover both your business and your employees. But first, let’s talk more about why you need the protection in the first place and what kind of coverages you should consider.
3 Reasons Why You Need Food Truck Insurance
- Even if you win against a lawsuit, the legal costs could damage, or ruin, your small business.
- Lawsuit out-of-pocket costs for small businesses exceed $35 billion every year.
- Over 70% of small business owners report that a lawsuit hurt their credit and reputation, whether or not they won their case.
The Risks Food Trucks Can Face
Food truck liability insurance, or concessionaires insurance, can help you prepare your business for all types of liability risks. For example, in one case, the owner of an alcohol concession stand was found guilty for the injury of a 7-year-old girl by one of the stand's customers in a drunk driving case. Other liability scenarios include:
- Injury to a patron due to a malfunctioning product
- Food poisoning due to food contamination
- Injury to a patron from a moving concession, such as a cart or truck
Remember that customers can sue you for damages and injuries that you might not be aware you caused. Protect yourself from liability lawsuits with the right business insurance to cover your bottom line.
What Does Food Truck Insurance Cover?
Your insurance package should include a range of coverages, including:
- General liability: This broad based coverage is critical for all businesses, and covers your liability in the event that you or an employee are responsible for damage or injury to a third-party.
- Product liability: This specific insurance covers your liability risks when you serve or sell products.
- Liquor liability: If you sell alcoholic beverages from your food truck, this coverage will provide liability protection for claims resulting from an accident, illness, or injury related to alcohol use.
- Business property: Covers your concession cart, truck or trailer, your equipment, and product inventory. If you have a food service trailer, depending on the types of business you do, you may need insurance for a catering truck, refrigerated truck, food service trailer, step van, pickup truck, or lunch wagon.
- Inland marine: This protection covers inventory and products while in transit from one location to another.
- Commercial vehicle insurance: Provides financial protection if you or an employee causes an accident while driving your concession truck or another vehicle.
- Workers compensation: If you have employees, you may need workers compensation insurance. Requirements vary by state and your local agent can help you determine what is needed.
Your specific food truck insurance will need to be tailored to your business’s specific needs. For some small businesses, a business owners policy, or BOP, can provide coverage that can handle many of the most common risks in a bundled policy. There are many additional coverage types to consider that may apply to you as well, like employee theft. Be sure to work with a knowledgeable agent to ensure you have the most complete protection possible.
Finding and Comparing Food Truck Insurance Quotes
Our agents will review your needs and help you evaluate which food truck insurance policy makes the most sense. They'll also compare policies and quotes from multiple insurance companies to make sure you have the best protection out there. They'll hook you up — in a comprehensive and affordable way.
What's So Great About an Independent Insurance Agent?
Independent insurance agents have experience in dealing with all kinds of businesses and insurance policies. They excel at matching the most appropriate policy to the business in need. Shopping around for insurance policies can be tricky, confusing, and time-consuming, and an independent insurance agent's role is to simplify the process.
They’re also there to help make sure you get the absolute best deal, and the one that meets your unique needs. They shop and compare insurance quotes for you, and they'll break down all the jargon so that you understand exactly what you're getting.