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Food trucks are among the most promising business ventures in the U.S. And like all businesses, they are required to hold some kind of insurance coverage to protect themselves from the different aspects involved with running such businesses. That is exactly where commercial food truck insurance comes in to the picture.
Various insurance companies provide tailored food truck insurance. However, this policy entails different business insurance coverages purchased by other ventures such as restaurants, food carts, catering businesses, breweries, food delivery businesses, and ice cream shops.
This article provides guides on all kinds of mobile food trailer insurance, its policies, how much do premiums cost, the best insurance companies that offer it, and more.
Liability insurance is a common inclusion in lunch truck insurance policies carriers underwrite for food truck owner-operators and companies.
General liability insurance, public liability insurance, product liability insurance, and liquor liability insurance are the most popular food truck liability insurance coverages. Let’s discuss these ones by one.
Coverage for food trucks usually begins with general liability insurance. This food truck business insurance kicks in when a third party holds your business responsible for an accident. General liability insurance for food trailer insurance includes:
Your food truck business can also face claims filed because customers sustained allergies or food-borne illnesses due to poor food preparation or employee negligence. This exposure falls out of the scope of general liability insurance.
The food liability coverage that will give the protection you need is product liability insurance. This insurance, commonly useful for food vendors, concessionaires, and vending machine owners.
It will cover medical expenses of aggrieved third parties who got sick after eating the goods your food truck is selling. Additionally, you can also use product liability insurance to cover attorney fees, administrative costs, settlements, and other legal expenses.
Food truck auto insurance is what carriers call commercial auto insurance. Commercial auto insurance is coverage for vehicles used for business purposes, in this case, the truck or van you’re using to sell food in different places. A typical commercial auto insurance for food trucks provides the following coverages:
You need to provide coverage for employees who got sick or injured due to your food truck’s business operations. Workers’ compensation insurance shoulders this responsibility on your behalf. By having workers’ compensation insurance, you avoid using personal funds or business funds to pay for the following:
Commercial property insurance is useful if you’re running a thriving food truck business with its own office and storage facility. The primary function of this insurance is to protect you against the following:
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A catering truck is different from a food truck. And so, insurance companies also underwrite catering truck insurance.
Catering van insurance cost is $41 per month or $492 per year. Factors that affect the cost of mobile catering van insurance are location, claims history, business experience, revenues, number of employees, and more.
Mobile food vending insurance for food vendors offers general liability insurance, equipment breakdown insurance, and commercial property insurance. Optional coverages are loss of income coverage and inland marine insurance.
Food truck insurance cost isn’t the same for all customers. But in general, food truck insurance average cost for a $1 million general liability coverage is $39.36 per month or $472.32 per year.
Insurance companies consider many factors when figuring out your food truck insurance price. The most common determinants are location, business history, claims history, risk management programs, and number of employees.
Hiscox
Hiscox’s food trailer insurance provides general liability insurance, commercial property insurance, and workers compensation insurance to the policyholder. More protection can be endorsed such as cyber liability insurance.
Hiscox’s food truck insurance provides worldwide coverage and a limit exceeding $2 million.
Average cost: $46.35 per month
Thimble’s tailored insurance for food trucks has general liability insurance and commercial property insurance as inclusions. It’s available as an annual or short-term policy that only lasts for days, hours, weeks, or months.
Average cost: $45.88 per month
NEXT
NEXT’s food truck insurance comes in the form of a business owner’s policy having general liability insurance and workers compensation insurance.
General liability insurance this carrier underwrites for food trucks comes with foodborne illness coverage.
Average cost: $49.09 per month
Progressive food truck insurance offers general liability insurance and commercial auto insurance. Get this through Progressive Advantage Business Insurance Program
Note that quotes for your food truck insurance Progressive can be availed via the company’s website or through agents.
Average cost: $26.25 per month
Our rating: 8/10
State Farm doesn’t sell tailored food trailer insurance. However, this company can cover you through its food shop insurance. Inclusions are general liability insurance, commercial property insurance, food spoilage insurance, equipment breakdown and insurance.
Average cost: Contact an agent for an accurate estimate of rates
Our rating: 7/10
Geico offers small business insurance for food trucks. Insurance products you’ll buy from this company are underwritten by Geico’s partners.
Geico food trailer insurance has general liability, commercial property, workers’ compensation, and other useful coverages.
Average cost: $38.75 per month
Our rating: 7/10
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