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Running a food truck means creating eye-popping designs for your vehicle, crafting a delicious menu, and parking where you'll find the right customers. You're not a run-of-the-mill truck — you deliver a different cuisine and experience.
So your business insurance should be just as unique and special.
At Simply Business, we offer food truck insurance policies that cover the risks you face on a daily basis. And learning about your options is as easy as ordering off a menu.
Start by answering a few questions and in less than 10 minutes, we'll show you policy options with the nation's top insurance carriers.
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Each type of policy covers different scenarios, but all insurance offers the benefit that:
Food truck insurance coverage is a bundle of different types of policies. Each policy can have a different benefit that's specific to your business. Here are two types of coverage we like to recommend for food truck businesses:
Commercial liability insurance (GL) for food truck businesses can help cover the costs of incidents such as third-party property damage or accidents, bodily injury, legal fees, and more.
Running a food truck can already take a lot of your time and money. Imagine having to pay the cost of a claim on top of your other business expenses. One of the reasons we suggest looking into food trailer insurance with general liability coverage is because without it, in the event of an incident, you may have to pay the claim and any legal fees out-of-pocket.
You may think a customer is unlikely to sue you. But it's more common than you think. A report estimated that 36%-53% of surveyed businesses are involved in lawsuits in a given year. And if you do get sued for property damage, for example, you could face a claim that averages around $30,000.
That's a lot of money that could easily put a food truck owner in debt — do you want to take that risk?
So how may general liability insurance coverage work in your favor and help you avoid fees like we mentioned above?
Imagine this: Brandon, the owner of Brandon’s Burritos, mentions Tammy's Taco Truck in an online post. He says that Tammy’s truck probably serves expired food to cut down on costs.
As this news spread, Tammy’s Taco Truck began to lose business. Long-term patrons saw the Facebook comment and reacted. Tammy suspects that's why most of the regulars have stopped coming to her Taco Truck.
Since she manages the orders herself and gets fresh food delivered weekly, she knew the statement was false. Tammy sues Brandon for the libelous comments he made about her food. She claims it caused her to lose 50% of her existing business, as well as new local customers.
Without general liability coverage to protect him, Brandon could face paying this claim out of pocket, not to mention the legal fees. Unexpected costs like this could put his business in jeopardy.
If Brandon had a general liability policy, his legal fees could be covered up to his policy's limit.
Wondering what general liability typically covers?
Here's what it doesn't typically cover:
Most states require companies with employees to have workers compensation insurance. This includes whether they're full-time, part-time, or temporary.
This coverage is also called workers comp. It helps to financially protect your food truck business if one of your employees gets injured or sick while working for you.
A food truck may not take up a lot of space, but don't let that fool you — food truck business owners can still face big risks. Take a slip-and-fall incident for example. This kind of incident is both common and expensive for business owners.
The average cost of a workers compensation claim is $47,681. That's nearly the price of another food truck!
Workers compensation insurance could cover you for claims and legal fees, up to your policy's limit.
Between the claim and legal fees, the potential costs can be stressful for any business owner to consider. Workers compensation insurance coverage can help put you at ease knowing that if an employee gets injured or sick on the job, you'll have financial protection.
Workers compensation policies for food truck business owners typically do cover:
Starting a food truck business is expensive. The truck alone can cost anywhere from $50,000-$175,000. That's not including inventory, marketing, fuel, and other expenses. So why tack on another cost to your business in the form of food trailer insurance with general liability coverage?
Let's look at some other examples of claims and their average costs:
Beyond the cost of the claims, there's also the cost of legal fees if you hire a lawyer to represent your business.
Those legal fees add up. They generally can put your business into as much unexpected debt as a successful claim. The right bundle of food truck business insurance could cover you for those costs, up to your policy limits.
You're also likely to lose time dealing with a claim. You may end up spending valuable time in court, rather than on the road in your food truck.
Insurance coverage can give you peace of mind. You know you have coverage if you need to spend time working with a lawyer to defend your business.
You aren't as stressed about the money that time cost you because you know your policy can cover legal fees. Keep in mind that your policy's limits can impact your legal fee coverage.
Providing financial protection isn't the only thing insurance coverage could do for your business. In fact, there are several benefits, such as:
We provide you with a Certificate of Insurance (COI) when you buy your policy, which means you'll have proof of coverage if anyone asks about it.
How much coverage you need depends on things like:
Our free quote comparison tool makes it easy to see your coverage options. Our Simply Business licensed insurance agents are happy to answer any questions! We're available to assist you from 8 a.m.-8 p.m. ET, Monday-Friday.
Insurance premiums are typically tax-deductible from your income tax. But it depends on your specific situation. We recommend speaking with an accountant or tax specialist to learn if you can deduct your insurance coverage premiums on your taxes.
If you have employees, you're generally required to have workers compensation insurance.
You may need food truck liability coverage, depending on your state and local laws. If you find it isn't required for your business, it can have other benefits, such as:
Yes. Different states typically have different insurance requirements for food truck businesses. Using our quote comparison tool, you can see what coverage is available in your area.
You can call our Simply Business licensed insurance agents if you have any questions about your options.
The total cost of your insurance policy will depend on different factors, such as:
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You may need coverage for each service you provide. Our licensed insurance agents can help recommend a policy that's right for your needs.
Have the following information on hand so you can quickly get your policy quote:
Food truck business insurance with general liability and workers compensation coverage can help protect you from:
Simply Business is an online insurance company that makes it easy for business owners to find liability coverage that's right for their business's needs. Thousands of customers trust us to help protect their livelihoods. There's a good reason for that.
Why should you choose Simply Business to protect your small business?
We're affordable and fast. You work hard, and we don't want to slow you down. We provide affordable quotes quickly that are ready to protect your business on-the-spot.
We're flexible with coverage. We can help you easily update your policy, whether it's because you're offering a new service, you need a COI, or are opening a second location.
We get your business. We're here to give you the support and protection you need to run a successful business.
Your business is unlike any other, and your food truck insurance coverage should be just as unique. Ready to get protection that's just for you?
This content is intended to be used for informational purposes only. It is not intended to provide legal, tax, accounting, investment, or any other form of professional advice.
*Harborway Insurance policies are underwritten by Spinnaker Insurance Company and reinsured by Munich Re, an A+ (Superior) rated insurance carrier by AM Best. Harborway Insurance is a brand name of Harborway Insurance Agency, LLC, a licensed insurance producer in all 50 states and the District of Columbia. California license #6004217.