How to Find the Best Insurance for Your Food Truck

Rachel Perkins — Mon, 21 Jun 2021 06:00:00 +0000

Photo by Startup Stock Photos from Pexels

Did you know that there are around 25,000 food trucks in the US?

The food truck industry has been growing quickly over the past few years, with demand for quick, convenient, and tasty food higher than ever! If you have a food truck, you could be driving a gold mine.

But, if something happens to your truck, your whole business could fall apart. This is where insurance for food trucks comes in, and you need to make sure you get the right plan for your business.

Find out everything you need to know in our guide.

Look for the Full Food Truck Insurance Package

There are different types of insurance you need to cover your mobile food truck. Here’s what you need:

Commercial auto liability
General liability
Business personal property
Workers compensation
Unemployment insurance
Umbrella liability

If you can, look for a business insurance company that covers the whole package. This is much easier than setting up plans with various insurers and will make it simpler if you ever have to make a claim. Make sure the insurance company knows you’re a food truck so they can match you with the right plan.

Additional Insured Certificates

If you’re planning on taking your food truck to events, you’ll need to have an additional insured policy. Most places will ask to see your papers for this if you’re serving on their grounds. It basically makes sure that they’re covered if there are any accidents on their property.

Try and find an insurer who doesn’t charge for additional insured certificates. You may need to get a new one for each event you go to, which could end up costing you a lot!

Know Which Questions to Ask

If you want to get the right insurance policy for your food truck business, you need to know which questions to ask. Here are just a few that can help you:

Am I covered if I get into a car accident?
Is my insurance suitable for mobile businesses?
Is coverage for food poisoning claims included?
What happens if my truck is vandalized or stolen?
Do any items that I tow need different insurance coverage?

By asking these questions, you’ll help your insurers understand what kind of policy you’re looking for and make sure you get exactly what you need.

Check Out Reviews

Once you’ve found a company who provides the right type of insurance for your food truck, it’s time to do some research into them. One of the best ways to do this is by checking out online reviews. Simply search the name of the insurer in Google along with reviews and see what you can find!

There should be plenty of customers discussing the company. Make sure that their feedback is mainly positive and see if there are other food truck users who are happy with their coverage. If there aren’t any reviews, this could be a red flag, unless they are a small/local insurance company who might not have a ton of exposure on the internet.

Find the Best Food Truck Insurance

Finding insurance for food trucks isn’t as hard as it was just a few decades ago. With their rising popularity, you should be able to find a good plan easily!

For more food truck tips, check out the rest of our blog. If you don’t have your food truck yet, we can help you put together a custom vehicle that suits your business perfectly.

Want more food truck advice? Check out more blog posts here!

Thinking about starting a food truck? Request a free custom quote and one of our food truck specialists will help you design the truck of your dreams.

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The post How to Find the Best Insurance for Your Food Truck appeared first on Custom Concessions.

How Much Does Food Truck Insurance Cost?

Rachel Perkins — Mon, 24 Feb 2020 06:00:19 +0000

Photo by Helloquence on Unsplash

Remember when everyone thought food trucks were just an amusement?

Well, we do. But we know that this fad was anything but that. Now, this hard-scrabble food slinging world has some serious value.

By 2020, the food truck industry will be worth $996 million—proof that we can’t imagine life without them.

Your food truck is an essential part of your mobile restaurant, so you have to make sure that thing is insured! But what does food truck insurance cost?

Food Truck Insurance Cost Varies like the Cost of Food Truck Lobster Rolls

The less expensive the policy is, the less likely it is to have real lobster. Somethings you just can’t fake or flake on. But even in that, you don’t need to pay out the nose to get what you need.

Food truck insurance cost depends on the provider and plan that you buy.

Don’t be surprised if the cost is in the thousands for an annual premium. This is, in part, good if you actually expect a payout when you file a claim and if you understand that there really is no such thing as food truck insurance.

Wait, What?

That’s right. It would be surprising if a state’s laws actually spelled out insurance on food trucks, even if going without coverage is out of the question.

Most of the time, insurers will package together insurance plans that include general liability coverage, commercial auto insurance, business property, and workers’ compensation insurance—all of the insurance types that a mobile food serving organization will need. If you bundle all of your insurance policies and purchase them through the same company, you may be able to get a better deal.

Other Reasons It’s Hard to Guess

Nearly every food truck is different. This is what makes the food and the food truck scene so great.

But the fact that all trucks are different makes insuring them a challenge. Some trucks have grills, others have friers, pizza oven or BBQ smokers. All of these things have varying levels of risk and monetary value and will be treated differently by insurers.

Further, the kinds of food, your state’s regulations for food-serving entities, and the gear that is attached to your truck will impact the price.

You’ve Got Questions

Finding the right food truck insurance can be confusing, but you will want to know how much of your budget will need to go toward insurance. Your best bet might simply be to get some quotes or reach out to a local insurance firm for help in finding a close estimate of how much you should expect to pay.

Food truck insurance cost will be just one part of a larger plan for success. Be sure to make a business plan so you can determine the overall cost and profitability of your future food truck business.

Need a quote for your first food truck? Or need help designing an upgrade? Connect with us and make it happen!