While cost is always a factor when selecting your food truck insurance, getting the right coverage is what’s key. The cheapest mobile food truck stand insurance may not have the coverages to properly protect your livelihood. Make sure you’re getting everything you need. Food truck and concession stand insurance protects concessionaires from lawsuits with rates as low as $27/mo.
Food truck insurance refers to the types of coverage food vendors need to protect their businesses against financial loss from liability claims. The most common policies for food trucks are general liability and commercial property.
Food truck insurance protects your business from lawsuits with rates as low as $27 a month.
Business Insurance Professionals works closely with many top rated insurance companies. We designed insurance programs specifically for food trucks, food trailers, mobile food vendors, concession trailers, food carts, pop-up vendors, hot dog carts, street vendors, food stands, catering trailers, personal or private chefs, caterers, and wholesale manufacturers.
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small food trucks ranges from $27 to $49 per month based on location, size, payroll, sales and experience. Costs will increase with more coverage and larger operations with more employees and equipment.
Whether it’s a sporting event, a fair, a concert, or a parking lot, a food truck is one of the most welcoming sites. Visitors rush your mobile eatery to fill up on sweet treats, savory morsels, and refreshing beverages, which helps to make the events that they are attending even more enjoyable.
It doesn’t matter if you serve nachos, hamburgers and hot dogs with all the fixings, soft pretzels, sodas, or frozen treats, like ice cream and frozen yogurt, you’ve put a lot of hard work into establishing your concession stand business.
It’s a horror to think of what could happen to your concessionaire business in the event that something unexpected happened, which is exactly why it’s so important that you protect yourself with the right type of concession stand and food vendor insurance coverage.
Food truck insurance refers to the coverage mobile food vendors, single event vendors, and concessionaires need. These businesses work in a variety of locations, and each can have different risks. The weekly farmers’ market presents different risks than the concession stand at a large concert venue, and vendors need to know what risks they face so that they can select policies that cover them.
For example, food vendor liability insurance must cover normal business risks, such as slip-and-fall general liabilities as well as risks unique to food vendors. Unique risks include the potential for foodborne illnesses and spoilage due to equipment breakdown.
Any business that sells food products to the public in nontraditional locations needs food vendor liability insurance. These locations may include concession stands, public sidewalks, and street fairs. Some of the typical small businesses that buy food vendor liability insurance include:
Food vendor insurance usually is required for any event, even a one-day event. Restaurants that occasionally work community events or set up tents at food festivals also need a special endorsement or policy to cover the risks of events and mobile operations properly. Some restaurant insurance policies don’t allow for event coverage unless specifically noted and added as an endorsement because of the increased risk for foodborne illnesses.
Regulating Agency and References
Insurance Information Institute (III)
This organization’s mission is to improve public understanding of insurance – what it is and how it works. Visit III at https://www.iii.org.
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