What is General Liability Insurance?
General Liability protects your mobile food vending business from lawsuits of bodily injury or property damage from a third party. Note though, this coverage does not cover employees.
Why have General Liability Insurance?
First, having general liability allows you to enter into contracts with event organizers, landlords, or commissary kitchens that require you to have coverage.
General liability insurance provides claims and legal expense protection from the below types of claims:
- Food borne illness
- Chipping a tooth from biting into something that should not be in the food
- Slip and fall. For example, a customer trips over an extension cord you left out or burns themselves on your generator
- Advertising injury, like if someone sues you over your marketing
Common mistakes:
Having a premise only policy. This means the policy doesn’t follow you when you move locations.
A policy that charges fees for each certificate they provide you. If you’re moving around, eventually you will need to add additional insureds to your policy. Find an agency that does not charge you for COI’s. Learn more about COI’s and why they’re important.
Policies with deductibles. Since the insurance company pays the legal fees to defend, having no deductible allows you to pass the claim and legal expense onto the insurance company If a claim should occur.
