Food Truck Insurance

Food Truck Insurance

Gourmet Food Trucks are all the rage, as they offer great food at a lower cost. From Food Networks “The Great Food Truck Race” to word of mouth, foodFood Truck Insurance trucks are no longer regarded as roach coaches. They are highly regarded and followed on social media such as Twitter and Facebook. When you are looking at opening one of these you need to make sure you have the right types of Food Truck Insurance to cover your business. Most insurance agencies will call this concessionaire insurance or vendors insurance. There are a few types of Food Truck Insurance available to your business and to protect your investment you need to consider all of them.

Food Truck Insurance – The Auto Insurance Policy

The first type of Food Truck Insurance I would purchase would be a business auto insurance policy. When you spend that much money on a truck you need to make sure you are covered for a loss, and the best way to do so is to buy and auto insurance policy. The most common type of coverage in this would be auto liability insurance. This is liability coverage for both property damage and bodily injury damages you cause with your vehicle. This does not include liability for your products that would be general liability insurance. The auto liability limits may vary and can go up to one million dollars per policy or more.

The next food truck auto insurance coverage’s that are common on a business auto policy are the following…

  • Uninsured/Underinsured Motorists – Coverage if you are hit by an uninsured motorist or if you are hit and they don’t have the coverage to pay the claim.
  • Medical Payments – Medical Payments without fault
  • Comprehensive – Coverage for your vehicle if it is stolen or vandalized
  • Collision – Coverage for your vehicle to repair it if you are at fault during a collision.

There are other auto insurance coverage’s you can buy like rental and towing coverage. These may be worth it for you if the insurance company offers this type of insurance coverage.

Auto insurance is important and just like on your personal auto insurance policy you need to choose the right coverage’s.  I would select them all to property cover yourself.

Make sure when you speak to your insurance agent you give them both the stated amount for the vehicle and the amount of permanently attached equipment. With some Food Truck Insurance carriers if you don’t separate this there is no coverage for anything permanently attached to the truck. For anything not attached, there is no coverage. For that you will need an Inland Marine policy and we have options for that as well.

We use A rated Food Truck Insurance carriers that specialize in auto insurance for Food Trucks. They offer limits up to $1,000,000 on the liability and uninsured motorist’s coverage. With multiple Food Truck Insurance carriers we can shop the insurance to make sure you get the best rates.

Food Truck Insurance – The Liability Insurance Policyfood truck liability

The next Food Truck Insurance coverage that you want to purchase is liability insurance. A lot of places you will sell at will require you to furnish them with proof of insurance and the most needed coverage in that regard would be the liability insurance. Liability insurance insures your business should someone get sick or injured from the product you sell them. Make sure the policy does include Products and Completed Operations. If this coverage is excluded then you have no coverage for products.

Food Truck Insurance liability limits can go as high as $2,000,000 per accident and then you can always purchase a commercial umbrella insurance to increase them.

For the liability insurance we use an A++ rated carrier with the following features.

  • Indoor vendors, outdoor vendors, seasonal lots and tents and flea market/fair/show vendors
  • Operating locations including: airports, bus terminals, museums, office buildings, rest stops, shopping malls, train stations, athletic fields, beaches, business parks, parking lots, public parks, public streets/sidewalks, school campuses and more
  • Blanket Additional Insured Form – This is very important. Many insurance carriers may charge you per additional insured. Having this at no cost will save you a lot of money.
  • No liability deductible
  • Policy is non-auditable

Food Truck Insurance – Inland Marine Coverage

Since Inland Marine Coverage isn’t covered under the business auto policy, you need to make sure to purchase this for all the equipment on the truck itself. We write this with our A++ rated carrier and it is included in the general liability package. Some key features of this product are the following.

  • Coverage up to $25,000 per item for scheduled items
  • Coverage for other miscellaneous items
  • Theft coverage included

Contact us today for a Food Truck Insurance quote by submitting your information online. Our turn around for this type of insurance is usually less than 24 hours.

Get a Food Truck Insurance Quote

John Dziak has been an agent with Associated Insurance Professionals, Inc. for more that 7 years. He grew up in the insurance industry and has worked in many different fields. Check him out on Google