22 Mar Insurance For Food Trucks
What Kind of Insurance Does Your Food Truck Company Need?
Food Truck companies have a unique set of exposures that can be very different than traditional catering companies or restaurants. Your food truck is a moving kitchen that needs to be properly Insured, but what kind of Insurance does your food truck need?
Insurance For Food Trucks – Commercial Auto
First and foremost, your company needs to have a Commercial Auto policy in place. A typical personal auto policy quite simply does not have the coverage you need to be properly insured. The liability coverage limit you should carry on your Commercial Auto policy depends on the size and scope of your operations, but usually a policy with a Combined Single Limit of $1,000,000 will suffice. In addition to liability coverage, it is important to cover all of your expensive cooking equipment. Most Commercial Auto policies can include substantial coverage for your equipment if requested. The cost to add this equipment is usually nominal and it really can provide a lot of additional coverage.
Insurance For Food Trucks – General Liability
General Liability can protect you against claims that may arise from bodily injury or property damage in situations where your Commercial Auto may not provide sufficient coverage. In fact, some Commercial Auto carriers require General Liability to also be in place to protect against the gaps in coverage. Fortunately, General Liability Insurance is very affordable for most Food Truck Companies and can often be endorsed to include several additional coverages that you may want to carry.
Insurance For Food Trucks – Workers Comp
Part of growing a Food Truck Company may include hiring employees. With this added growth comes a new responsibility to protect your employees from injury or disease. Unfortunately injuries and disease can still occur. In these situations it is Workers Comp that will protect your business. Remember, if you hire employees for your Food Truck Company, you are required, by law, to carry Workers Comp for them.
There are many options and coverages available for your Food Truck Company. If you would like assistance getting the right coverage for your Food Truck Business, give us a call!
You can reach our food truck Insurance specialists at 925-297-4829.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.