Food Truck and Mobile Food Services Insurance in Riverside, CA

For many in the hospitality industry, bringing decadent and delicious cuisine to consumers has become a rewarding and lucrative business model. Whereas restaurateurs and chefs may have previously expected diners to come to their restaurants, food trucks and mobile food services have revolutionized the dining sector, creating new opportunities for convenience and revenue. However, given that these business models combine risks and exposures involved in food service and motor vehicles, insurance is critical.

What Is Food Truck and Mobile Food Services Insurance?

Owners and operators of these nomadic businesses may need to account for many risks and perils. Many different scenarios and circumstances could lead to potentially costly accidents, which may incur significant financial losses. Although many insurance carriers may not offer named products specifically tailored toward food trucks and mobile food services, business owners can build their coverage from separate components, such as the following:

• Commercial auto insurance—This type of insurance is legally required for businesses using motor vehicles for commercial purposes and can cover losses arising from accidents or other damage to a company’s automobiles.
• General liability insurance—If a business’s operations, employees or products cause third-party losses, including bodily injuries, property damage and personal and advertising injuries, these policies may help limit out-of-pocket costs.
• Business property insurance—This coverage may help financially protect a company’s physical assets if they’re stored at a primary location, including equipment, inventory, furniture and structures.
• Workers’ compensation insurance—Also typically required by law, this coverage can render aid if employees are injured on the job or develop a work-related illness.
• Business interruption insurance—If a company cannot function normally due to a covered incident, this type of insurance can help recoup lost revenue and cover ongoing expenses.
• Commercial umbrella insurance—Businesses may require the additional liability coverage offered by these policies, as incidents involving food trucks and mobile food services could potentially amount to extensive third-party losses.

How Much Does Coverage Cost?

A suitable insurance portfolio for food trucks and mobile food businesses may vary significantly in cost. Carriers must carefully analyze a company’s unique circumstances and risk profile, which may include looking at the following:

• Location
• Number of employees
• Products and services offered
• Value of insured assets
• Estimated annual revenue
• Coverage details (e.g., types of insurance needed, limits and deductibles)

Get the Right Coverage

Contact TruValue Insurance Agency today to learn more about coverage options or to compare personalized quotes for policies tailored to the needs of food trucks and mobile food services.