Food Truck Insurance

Are you considering joining the many savvy entrepreneurs who’ve opened up a restaurant on wheels?  According to FoodTruckr, we are in the “Golden Age of the Food Truck” where the sector is growing at a whopping annual  7.9% over the past five years.  While the freedom of running a food truck is fun, it’s important to know that you are dealing with both a business and a vehicle.  There are a number of risks involved and having the right food truck insurance policy can keep your kitchen successfully rolling for years to come.  Here are some important things you should know!

What types of food truck categories can be covered?

• Mobile Food Trucks
• Lunch Trucks
• Catering Trucks
• Concession Trucks
• Vending Trucks
• Ice Cream Trucks

If your food truck doesn’t seem to fit any of those categories, don’t fret.  Here at Lions and Coventry, we have a lot of available options and can customize policies to fit your business.

What about food trailers?

If you have a food trailer, the vehicle used for towing will need to be insured on a commercial auto policy.  It’s important for you to know that a personal auto policy will not suffice, as most do not extend coverage to a food trailer, nor your vehicle while it’s being used for business.

What types of food truck insurance coverages should I consider?

Here are the three essentials…

Commercial Auto:

Your vehicle is being used for business and it’s highly likely a personal auto policy will deny coverage if something goes wrong while you’re using your vehicle (and/or trailer) for business.  Keep in mind that this coverage is quite useful because it will not only protect you on the road but also offers coverage for fire, theft or vandalism as well.

Commercial General Liability Insurance:

General liability insurance provides coverage for things that happen to customers during the course of business.  If a customer becomes ill, sustains an injury, or damages property general liability can protect your business.  If you find yourself in court, even if you aren’t negligent, this policy can cover your legal representation and other court-related fees.

Workers Compensation:

If you have employees, you absolutely need workers compensation.  While general liability is designed to protect you in incidents related to third-parties, workers compensation provides coverage for your employees’ medical bills and lost wages if they happened to be injured on the job.  It’s required in most states and is an important safeguard to protect against potential lawsuits filed by employees.

There are a number of other coverages available for you to protect your food truck business including, bodily injury insurance, property damage insurance, equipment breakdown coverage, medical payment insurance and more.  Food truck businesses vary quite a bit, which is why it’s important to work with an experienced agent who will take the time to learn about your business and make sure you have what you need to withstand the ups and downs of business.  Contact us today to discuss which food truck insurance options are best for you.