How Much Does Food Truck Insurance Cost?

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Remember when everyone thought food trucks were just an amusement?

Well, we do. But we know that this fad was anything but that. Now, this hard-scrabble food slinging world has some serious value. 

By 2020, the food truck industry will be worth $996 million—proof that we can’t imagine life without them.

Your food truck is an essential part of your mobile restaurant, so you have to make sure that thing is insured! But what does food truck insurance cost?

Food Truck Insurance Cost Varies like the Cost of Food Truck Lobster Rolls

The less expensive the policy is, the less likely it is to have real lobster. Somethings you just can’t fake or flake on. But even in that, you don’t need to pay out the nose to get what you need. 

Food truck insurance cost depends on the provider and plan that you buy. 

Don’t be surprised if the cost is in the thousands for an annual premium. This is, in part, good if you actually expect a payout when you file a claim and if you understand that there really is no such thing as food truck insurance. 

Wait, What? 

That’s right. It would be surprising if a state’s laws actually spelled out insurance on food trucks, even if going without coverage is out of the question.

Most of the time, insurers will package together insurance plans that include general liability coverage, commercial auto insurance, business property, and workers’ compensation insurance—all of the insurance types that a mobile food serving organization will need. If you bundle all of your insurance policies and purchase them through the same company, you may be able to get a better deal. 

Other Reasons It’s Hard to Guess

Nearly every food truck is different. This is what makes the food and the food truck scene so great. 

But the fact that all trucks are different makes insuring them a challenge. Some trucks have grills, others have friers, pizza oven or BBQ smokers. All of these things have varying levels of risk and monetary value and will be treated differently by insurers. 

Further, the kinds of food, your state’s regulations for food-serving entities, and the gear that is attached to your truck will impact the price.

You’ve Got Questions

Finding the right food truck insurance can be confusing, but you will want to know how much of your budget will need to go toward insurance. Your best bet might simply be to get some quotes or reach out to a local insurance firm for help in finding a close estimate of how much you should expect to pay.

Food truck insurance cost will be just one part of a larger plan for success. Be sure to make a business plan so you can determine the overall cost and profitability of your future food truck business.

Need a quote for your first food truck? Or need help designing an upgrade? Connect with us and make it happen!