What you need to know about insuring your food truck business.

Jul 5, 2021

Food trucks have been part of the fabric of the California business landscape for over a hundred years. According to Investopedia, the number of food trucks almost doubled in the USA between 2013 and 2018. 

Food trucks are simply restaurants when it comes to insurance purposes. This concept especially applies when you own both a brick-and-mortar location and a food truck business. It is pertinent to the resilience of your business to manage your risk and put an insurance policy in place that protects your assets and your employees. 

Here are some important points you might not know about insuring your food truck business.

Revisiting liability coverage. If you have a brick-and-mortar restaurant, your general liability coverage will extend to your food trucks. Ensure that your policy is up-to-date and you understand your coverage. 

Protecting products. Your general liability policy will cover your end product, material, and food products. Depending on your need it might require an endorsement. Think of high-priced food products in inventory during holidays or events. 

Covering any equipment. Equipment that is installed in the food truck is covered by liability coverage. Depending on your need it might require an endorsement. Contact a trusted agent to review your policy. 

Insuring customer health. General liability covers any health-related issues that might result from consumption by your customers. The goal is to eliminate any risk to you and your business as well as to take care of your customers.

Protecting on the road. Food trucks are stored and parked as well as operated on the road and in third-party locations. Commercial auto policy kicks in when the food truck is on the road and in operation. Confirm that your commercial auto policy is in order.

Protecting employees. It is important and legally required to cover your employees when operating the food truck and participating in any business-related operations. Your workers’ compensation policy extends to these employees.

Implementing a safety plan. A safety plan needs to be established for your food truck operations in order to help receive a discount on your insurance premiums and, most importantly, to mitigate risk for your business.

Contact an insurance agent you trust to review your insurance policy. Risk management is at the heart of a healthy business. Contact us at debra@roakinsurance.com. We are here to help.

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