The Four Types of Insurance For Your Food Truck

​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: 

• Food Poisoning
• Allergy Illness
• Injury from Slips and Falls
• Legal Fees

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

• Insurance Agent. You will be likely to work with an insurance agent if you are going to call the insurance company directly. Again, be sure to get at least three quotes from different agencies. 
• Insurance Broker. The broker will usually do most of the work for you. They will be the one who will help you in getting the best coverage with the most competitive pricing. 
• Online Insurance Search Tools. It is always best that you do your homework and research online too. It will give you an idea on which coverage will suit your needs.
  
  

Bottomline
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.