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 The mobile food industry is one of the fastest growing business nowadays, and just like all businesses, getting insurance is a necessity for your food truck business. Let us take a look at the kind of coverages and how to get them to help you with your mobile food business. Commercial Vehicle Insurance
It is one of the requirements for you to operate a food truck and the coverage is somewhat similar to your personal auto insurance. The key differences though is eligibility, exclusions and limits of coverage. The reason behind these differences is because a commercial vehicle is more prone to damage and liability than a personal vehicle. Property Insurance The property insurance mainly covers the truck and damage caused by the truck in accidents. Also, food truck owners often need additional property insurance as a supplemental coverage for the equipment attached to the vehicle. General Liability Insurance The general liability insurance can help business owners when it comes to covering the risks that are not covered by the property and commercial vehicle insurance. Though not a requirement, it is recommended for business owners to avail of this insurance plan. It may be the most critical coverage that you will buy for it’ll help to cover the following:
Workers Compensation Insurance It is required for most states to get the Workers Compensation Insurance for employers with one or more employees. The insurance will cover the financial risk arising from employee work-related injuries or illnesses. They will cover lost wages and medical costs; some will even include legal fees. Where to Get Food Truck Insurance
Food Truck Insurance can help you in meeting the unique needs of your growing food truck business. Though the coverage is essential to protect you against risks, you should always shop around to make sure that you are getting a good deal on your policy. Finding the right insurance shouldn’t be that hard, so make sure that you speak to an expert. At Old Bay Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (410) 777-5390 or Click Here to request a free quote.
10 Comments
12/5/2019 08:38:18 am
It made sense when you said that there are additional insurance requirements for commercial vehicles because they're more prone to damage. My sister and her husband are thinking of starting a smoothie food truck to take advantage of the hot weather. I think I'll show them your article to ensure they're aware of the insurance they'll have to get for the vehicle! 1/14/2020 12:45:36 pm
Amazing post! I really appreciate that you shared this informative and helpful post with us. This really increases my knowledge about insurance for food truck and how these are beneficial for us. I really want to thank you for sharing this with us. 1/20/2020 06:10:53 am
It caught my attention when you said that property insurance will cover any damage caused by the truck. My cousin and his brother-in-law have been thinking of investing in a food truck next year. I will be sure to share the article with them, that way they can be informed of what insurance they will need. 1/23/2020 11:06:54 am
It made sense when you said that commercial vehicles need additional auto insurance because of their increased risk of damage and liability. My brother wants to start a food truck business so he can take advantage of the business at local festivals. The info you shared here should be helpful when it comes time for him to get insurance for the vehicle! 2/7/2020 11:16:14 pm
The article has very good information. commercial vehicles need additional auto insurance because of their increased risk of damage and liability. This information is really new to me and possibly for some other people as well. 2/26/2020 11:36:56 am
I never knew that there are 4 types of insurance that every food truck owners should be armed with to protect themselves, their employees and their business. The most important insurance is by far the General Liability Insurance, to cover other risks such as food poisoning, allergy illness and even slip and fall injuries. This information is valuable and I will share it with anyone I know who intends on starting a food truck business. 3/30/2020 06:04:42 am
I didn't realize that both commercial vehicle and property insurance were needed for the food truck. When I think of property tax, I think of the property that the said business is on, but in this case it is for the property things that you own. My sister is thinking about starting a food truck bakery, I will have to see if she knows about all the insurance she will need.
roohi taj
3/31/2020 05:12:44 am
it hepled me out now the that there is insurance for food truck also 4/3/2020 12:55:09 pm
I appreciate you mentioning that the food truck will need property insurance because it will cover the vehicle and place the truck will be standing. One of my sister's friend wants to buy a trek and turn it into a food truck, so he is looking for insurance options to buy the truck. I will pass these details to her so she can help her friend find a good insurance agent that will help him cover the needs of the truck and his business. Leave a Reply. |
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