Food Truck Insurance Costs

Operating a food truck can be a rewarding venture, but it also comes with unique risks and challenges that require proper insurance coverage. Understanding the various costs associated with food truck insurance helps ensure that your mobile business is well-protected from unexpected incidents.

We’ll break down the average costs of each type of insurance and explain the factors that influence your premiums, so you can make informed decisions when insuring your food truck.

  How much does Food Truck Insurance cost?

Owners of food trucks should plan to pay for multiple policies to cover various risks associated with their mobile business. Here are some average costs for food truck insurance:

• Average Monthly Costs: Food truck insurance costs between $125 and $300 per month.
• Annual Costs: Expect to pay around $1,500 to $3,600 per year for complete coverage.

 Factors That Influence Price

• Location: Operating in busy areas or places with tough local rules makes insurance pricier.
• Type of food: The more dangerous your cooking methods (like frying with hot oil) the more you’ll pay for insurance.
• Coverage levels: More coverage means a bigger premium.
• Number of employees: Having staff increases your insurance cost when you add workers’ compensation insurance.
• Claims history: Insurance companies charge more if you’ve made claims before.

  Types Of Food Truck Insurance

To keep your food truck business safe, you need a mix of insurance policies. Here’s a rundown of the key types of coverage you should consider:

Business Owner’s Policy (BOP)

A Business Owner’s Policy mixes general liability and property insurance into one package. This policy protects your equipment, truck, and food supplies if they get damaged or stolen due to events like fires or theft.

• Cost: $150 to $400 per month

General Liability

This insurance safeguards your business from claims by others involving injury or property damage.

• Cost: $50 to $150 per month

Workers’ Compensation

If you have employees, most states will require you to have workers’ compensation. This plan pays for medical costs and lost wages if a worker gets injured at work.

• Cost: $150 to $300 per month

Commercial Auto Insurance

Your food truck is your livelihood, and commercial auto insurance is essential to protect against any crashes, harm, or liability claims linked to the vehicle.

• Cost: $100 to $250 per month

Get Food Truck Insurance Quotes

If you want to get an exact cost for Food Truck Insurance, we encourage you to get quotes now from our experienced agents.

Our experienced agents are well versed in working with Food Truck Business owners. After understanding more about your business, our agents can usually reduce policy prices through additional discounts of 10% to 15% from the instant quotes you receive.

We provide the finest comprehensive plans for your business by providing:

• Knowledgeable, licensed insurance agents
• Same-day coverage in most instances
• Coverage from A-rated insurance companies
• Ability to offer policies nationwide
• The lowest price for the best Insurance coverage in the industry