Food trucks have become increasingly popular in recent years, largely because they’re fun, relatively inexpensive to start and can be extremely profitable. Operating a food truck comes with certain risks, though, and these risks often include property, liability and other perils. Food truck insurance helps protect food trucks in Massachusetts from a number of the risks that they’re exposed to.
Food truck insurance is a specialized commercial insurance that’s crafted to meet food trucks’ risk mitigation needs. Because trucks typically face multiple risks, these policies are typically crafted as package policies that bundle more than one coverage together.
Broadly speaking, the majority of businesses in Massachusetts that sell food items and/or beverages from a mobile unit can benefit from the protections that food cart insurance offers. This generally includes businesses like the following:
Businesses that aren’t sure whether this or another form of insurance is better for their situation should speak with an insurance agent who specializes in food cart insurance. An agent will be able to provide informed advice based on a business’ specific operations, and they’ll know whether a food cart policy or other commercial policy will better meet a business’ needs.
Businesses usually can adjust the coverages within their food cart insurance policy, so the precise mixture of protections that policies offer can vary. Nonetheless, there are many coverages that are commonly available as standard or optional protections:
Mobile food vendors that serve from a commercial truck or trailer generally need commercial vehicle coverage for their vehicle(s). Personal auto insurance usually doesn’t cover commercial vehicles, and it may not even cover personal vehicles that are driven for work (e,g. towing a commercial trailer with a personal vehicle).
Vendors who sell from a bicycle or small cart that’s moved by hand typically don’t need commercial vehicle coverage.
A knowledgeable insurance agent can help business owners determine whether their business’ operations require commercial vehicle coverage, and the agent can make sure the coverage is included in a food truck policy if the coverage is required.
Food truck policies vary in price, because they’re used to insure many different businesses and premiums are based on a number of factors. Just a few of the items that can influence how much a policy costs include:
Even with the variance that exists between policies’ premiums, though, coverage tends to be quite affordable.
For help insuring a food truck or similar business, contact the independent Massachusetts insurance agents at Dempsey Insurance. Our agents have worked with many mobile food vendors in the state, and they can get you a food truck insurance policy that will provide robust protection at a reasonable rate.