So the type of food truck you're actually going to buy is extremely important when you consider the type of insurance coverage you're going to get make sure to cover liabilities Collision theft and the actual protection of your food truck business itself.
So here are some of the types of insurances that are necessary in order for food truck catering trucks or any type of truck that serves food with potentially need as an insurance policy
Number 1. General Liability Insurance
A general liability insurance policy is needed to protect your food truck mobile business from accidents that could involve a third party when your truck is parked in operating as a business
Liability coverage insurance
lawsuits that happened due to a product that is either causing a foodborne illness potential food poisoning a product may be too hot any potential metal or glass I could cause a cut for a customer and potential food allergens when a customer buys your product and has a reaction.
Lawsuits from potential property damage due to your truck or to someone else's building when you're parking and I'll bring your business you'll need also insurance for those incidences as well.
INCORPOATE YOUR FOOD TRUCK! OR
ANY FOOD BUSINESS WITH NCH Any legal representation in the cases of lawsuits your insurance policy may not cover your attorneys fees
Does Not Cover: potential situations related to one of your employees. accidents that get involved with your food truck potentially while driving on the highway or streets Incidents while your truck is driving from location to location
When you're working with a commissary kitchen potential landlords or even a vendor many of them require a minimum of general liability of a million-dollar policy in order to even do business with them.
if one of your employees on-the-job slips and falls
an illness that is derived while actually working from the employee
Employee medical care, expenses, medication, and rehabilitation if they were to get hurt on the job
Employee long-term or permanent disability payments
Death benefits to family members of employees that experience a work-related death
what is not covered
Liabilities involving customers
Non-work related injuries or illnesses
OSHA actually requires legally to have workers compensation in almost Most states for food trucks and is really truly recommended to cover your business and make sure it's fully protected
so how do you actually get a food truck insurance policy
you can begin to search directly on Google and you can find food truck insurance companies that either specifically right food truck policies or offer it as an additional service
1. Google food truck insurance policy Research what insurances are required in your state and township to legally operate a food truck. check out multiple insurance company websites to get the best rate. If possible, chat with other food truck owners in your area for advice on which insurance companies and coverage options they selected.
Evaluate your business create a list of assets you currently own and their present value also your food truck registration and your potential employee driving records to ensure that if they are driving your vehicle they have a perfect record.
By gathering your important documents and records before you shop for insurance, you’ll be able to get a more accurate quote to help you make your decision.
Number 3. Commercial auto quotes Reach out to various insurance providers with the same information and records to more easily compare direct quotes.
You may want to check with 2-4 providers to get an idea of the options available in your area.
You can also use a broker to contact providers for you and present the information in a way that is easy to understand and compare.
Number 4. Get Several Quotes and Make the Purchase fro the best insurance for your needs.
Layout the quotes side by side and choose the provider that provides you with the most coverage within your budget. Complete the insurance purchase with your intended provider.
Number 5. Renew your insurance policy every 6 months or 12 months
You’ll need to renew your insurance policy either annually or semi-annually.
In the period between purchasing and renewing your insurance, make sure that you and your staff are following safety protocols closely to keep your premium down.
At renewal, bring up coverage needs or instances where your budget is overextended with your insurance agent to make adjustments to your policy.
what insurance companies write food truck policies?
normally insurance companies that offer auto insurance policies can also write food truck insurance policies as well be sure to ask if they do It is important to explore a few provider options to ensure full coverage will be provided to you.
very few food truck claims for insurance are related to illnesses or the food poisoning since food is the obvious main product sold very few claims have come forth about food poisoning It is important to still take food safety precautions to avoid insurance risks and illness among your customers.
When insuring a food truck is it the same as a Food concession Trailers?
if you're operating a food trailer transporting that trailer two different food events on a trailer or a separate vehicle hitch those will also have to have additional insurance as well
what is also known as an extended commercial property coverage policy is what potentially would be needed for food trailers if you need additional Collision or accidents were to happen and liabilities were to come up you would have coverage
. When speaking to the insurance company about your potential policy be sure to ask all questions that may come up if you're not sure about a certain situation that would need coverage
So what are some really great ways to keep a food truck insurance policy at a bare minimum.
so what is a great list of potential precautions a new food truck owner could take to maintain a low rate and keep insurance premiums down?
Hire some of the best health possible it can definitely be a challenge finding great reliable and honest workers for the food industry but make sure you do your due diligence in find great help.
Be sure to train your employees very well also ServSafe certification is required in many states for anyone serving food be sure to check the backgrounds as well to eliminate any potential people who have had driving records which could cause problems.
Create a booklet Emmanuel on cleaning and safety protocols that your food truck and follow along with the employees that you're going to hire when everybody knows what is expected in your standards are high you'll be better off for success.
Create also a list to regulate the equipment, always check your equipment regularly and make sure that if there any minor repairs they are done quickly and fast this would eliminate any potential large situations that would pop up with the equipment you have attached to your truck.
Thank you for watching this video if it was helpful as always let us know to give us a comment down below or thumbs up and keep in mind this is for informational purposes only make sure that you do your due diligence and your own research and find out what your state city and county expect when you're operating a food truck.