How to protect your Food Trailer, Food Truck and Equipment

How to protect your Food Trailer, Food Truck and Equipment

No doubt, you have poured countless hours, and what seems like an endless amount of money to create your food trailer, concession trailer, or food truck business. It makes sense to protect those investments with a good loss prevention plan to prevent all those efforts from being ruined in an instant!

Loss prevention:

An often overlooked first step by many mobile food vendors…how do you prevent a loss from ever occurring?

This is a smart first step for savvy business owners.  Insurance policies will have deductibles to encourage loss prevention and being shut down due to a loss is a huge burden worth avoiding.

1) Inventory your items. This can help recover stolen items and provide a guide to insuring for the proper amount. In the event a claim does occur, your preparedness will speed up the process.

2) Good lighting at night and visibility go a long way in protecting from vandalism and theft.  Think solar lights, motion detecting lights, etc.  There are also a plethora of inexpensive cameras/monitoring devices that are well worth the investment.

3) Take extra precaution in securing high theft items such as generators, cash, and computers. Keep them out of sight and secured when not operating.

We created a helpful printable checklist to cover these items and additional Loss Prevention topics here.

Property Insurance:

Even the most cautious food trailer, food concession trailer, and food truck owners can suffer a loss. Unless you’re prepared to replace your truck, trailer, or equipment out of your own pocket, insurance is a smart way to transfer that risk to an insurance company.

1) Determining the proper value for your truck and trailer is step one. The amount you should insure your truck or trailer for is the actual cash value. In other words at the current value, not the value it would cost to buy a brand new truck or trailer. This total should include any equipment attached by bolt, pluming, or gas line. To read more check out our other blog post, What is the value of your food truck or trailer?

2) Your contents not attached to your food truck or food trailer are NOT covered by the coverage on your truck or trailer. These items can be listed under contents separately. If there are any items over 2500 in value, they will need to be reported to the insurance company.

3) Since insurance companies typically insure property at a specific location this can cause gaps in coverage for mobile food vendors. You want coverage for property that regardless if you are heading to an event or at your main location. The term used for property that moves locations is called inland marine insurance; it’s a must for a mobile food vendor.

4) If you upgrade or buy more equipment always notify your insurance carrier right away.

Common Mistakes:

1) Thinking your auto or home policy extends to your trailer for property coverage.

2) Having a policy that only covers you at the address listed on your policy.

3) Assuming contents not attached are covered with your coverage on the truck or trailer.

Insure My Food offers affordable insurance, made easy!  We cover insurance for food trailers, food trucks, and mobile food vendors. We offer a one-page quick quote form.  In addition, we created helpful blogs and resources just for you.  Joel brings over a decade of insurance experience in helping you determine your proper food trailer insurance coverage.

 

What type of insurance does a food trailer need? – Infographic

What type of insurance does a food trailer need? – Infographic

We get the question asked every day…What level of food trailer insurance coverage do I need?

Listen, we know food trailer insurance can sometimes be confusing, this is such a unique industry! You want to find a great price, but also make sure you are covered! We created this to help you visually understand what food trailer insurance you need in order to protect your business. Nobody has ever regretted reviewing their coverage levels when preparing for a possible claim. It is important to put the time into learning about food trailer insurance before it’s too late!

 

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General Liability Insurance

General liability protects you from lawsuits brought against you for injury or property damage to third parties. It does not cover auto related or employee injuries, those coverages are discussed below.

GL food trailer insurance coverage includes your products (food), your premise (slip and fall), personal injury/advertising injury (libel and slander), and property damage to others.

The best part about this insurance is it also covers the legal fees to defend such claims, even if it’s found you were not at fault!

It is smart to have this coverage since we live in a sue crazed world.  Also, it is often required to do business with most landlords, vendors, and commissary kitchens.

Common coverage limits in the industry are 1 million per occurrence, 2 million aggregate (total claims per year).

To read more about general liability for food trailers and food trucks see our blog post:

General Liability Insurance 101 for mobile food vendors

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Food Trailer and contents Property coverage (Inland Marine)

You pour countless hours and money into your food trailer, so you want to make sure your investment is protected!

Property coverage is otherwise known as inland marine (property that moves over land) coverage for your food trailer or other business equipment.

A common mistake we see is owners assuming your auto insurance policy automatically extends coverage to the vehicle pulling it.  Sadly, it doesn’t.

To read more about property insurance check out our other blogs:

What is the Value of My Food Truck or Food Trailer?

How to Protect Your Food Trailer or Food Truck Equipment

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Auto Liability

For vendors such as food trailers, concession trailers, food carts, pop-up vendors, street vendors, food stands, and catering trailers you will need to speak with your personal auto carrier on if you can keep that policy or if you will need a commercial auto policy.

Either way, you want to make sure you are covered for injury or property damage to others if you cause an accident while driving.

The auto liability applies once you attach the trailer and start moving. Once you park, detach and start operating your mobile food business, the general liability takes over.

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Workers Comp

Workers Compensation Insurance or worker’s comp as it is commonly known pays wage replacement and medical benefits to employees if they are injured. In many states, it’s required by law to carry workers comp and others optional.

To read more on workers comp insurance, check out our blog post:

The Disadvantages for Food Trailers that Don’t Have Workers Comp Insurance

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Additional Coverages

Other coverages are also available as add-ons.

For example, umbrella insurance is excess coverage above and beyond your limits of general liability or auto liability insurance. This coverage is often required by large contracts.

Food spoilage is another optional coverage that can pay for your spoiled food. However, beware that deductibles are often 500 or more, and many food trailers will hold about equal to the deductible.

One of the best additional coverages in my experience is the loss of business income due to an insurance loss.

Often times, even when you suffer a covered claim from an insurance loss, the resulting loss of income while you repair or replace your trailer.  It will at best be a big hit to your income, or more likely put you out of business.

About Insure My Food

Insure My Food provides insurance coverage for many types of mobile food vendors such food trailers, concession trailers, pop-up vendors, concessionaires, snow cone stands, and more.

We are committed to providing our clients the highest quality insurance service combine with our industry knowledge and experience.

We have the knowledge and insurance carrier partnerships to help make the insurance process affordable and easy!

To request an insurance quote click here or call us at (800) 985-7859

Insure My Food 2017 Mobile Food Conference Schedule

Insure My Food 2017 Mobile Food Conference Schedule

2017 Mobile Food Conferences

**UPDATED 2/2/17**

2017 is shaping up to be a great year to attend a mobile food conference!  Three different states are hosting expos this year. Joel will be speaking at ROAM and the Columbus Mobile Food Conference.  He will also be on the panel for insurance, trademarks and employment law at the Capital City Convention.

Columbus Mobile Food Conference and Expo

Taking place February 25-26, The Columbus Mobile Food Truck Conference and Expo is back with new topics and more exhibitors. The conference will have over 20 workshops and seminars including an opportunity to attend a separate Food Manager certification course and exam.  The conference will also include some non-food related seminars covering topics such as “Mobile Boutiques”.

Capital City Food Truck Convention

Taking place June 3-4 (NEW DATE!), The Capital City Food Truck Convention is unlike any other conference and trade show in the food, beverage and hospitality industries. This conference gathers together under one roof the industry’s brightest chefs, entrepreneurs, innovators, and leaders for two days of education, professional development and networking. The convention features workshops for aspiring and current mobile entrepreneurs, event and meeting planners and local government agencies who license and permit food trucks.

ROAM Mobile Food Expo

Taking place October 6-7, Roam Mobile Food Conference is the premier industry event for all things mobile food vending. From food trucks to carts to kiosks, and beyond, ROAM is the first of its kind serving North America’s mobile vending professionals. The perfect event to attend if you own or want to start your own food truck! You will learn about best practices, innovations and trends in mobile vending technology and operations. Also, grow your network with fellow professionals. Suppliers are located in the conference exhibit area to support your growing business!

Proper Food Trailer Insurance Coverage Basics

Proper Food Trailer Insurance Coverage Basics

Proper Food Trailer Insurance Coverage Basics

proper coverage basics for food trailer insurance

Standard restaurant insurance policies can, unfortunately, leave gaps in coverage for a mobile food vendor.  All too often, insurance agencies don’t fully understand your unique needs when searching for proper food trailer insurance coverage. At Insure My Food, you should know we get mobile food vendors and understand proper food trailer insurance coverage needs.  We offer a competitive insurance policy for food trailers, food trucks, and mobile food vendors.  Due to our experience insuring mobile food vendors, we’re confident we can help you avoid gaps.

Common Mistakes

  • Having property coverage that is limited to just the business address (this is standard practice). Meaning if you go to an event away from your primary location, you lose coverage.  Food trailer insurance coverage needs to be treated differently because you are a mobile business.
  • Using a business owner policy designed for a restaurant, and not for a mobile food vendor operation.

Types of risk Food Trailers and Food Trucks are exposed to are as follows:

In the following examples, you would be responsible for these bills and losses!

Bodily Injury:

Let’s say a customer buys a hot dog from your stand. While eating the hot dog, the customer suddenly chips a tooth on something hard contained inside the hot dog. The customer incurs $700 in medical expenses and $6,000 in corrective dental expenses.

Premise Liability:

Customers are within the premises you occupy choosing the perfect meal. A customer trips over an extension cord lying on the ground and sprains a knee. The customer incurs $1,200 in medical expenses for x-rays and $3,500 in lost wages.

Theft:

In addition to the above, you also need to cover your bases if a theft occurs.  Say the day is over and your trailer is stored for the evening. While you sleep peacefully, thieves are at work!  You awake to find it has been stolen. Therefore, you will now need to spend $15,000 on a new food trailer and equipment.  What a major bummer!

The above are just a sample of some of the situations you can be exposed to as a mobile food vendor.  Don’t settle for food trailer insurance coverage with someone who doesn’t understand this business.  It may seem like a “good deal,” but the gaps in coverage are not worth the risk!

The Insure My Food advantages included:

  • Options for standalone General liability coverage (or package coverage to include property coverage)
  • No liability deductible
  • General Liability limits up to 2 million
  • Security of “A” rated carrier or better
  • Coverage for your trailer or truck
  • Competitive pricing
  • No charge for adding additional insured’s (commissary kitchen, events, etc.)

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Insure My Food offers affordable insurance, made easy!  We cover insurance for food trailers, food trucks, and mobile food vendors. We offer a one page quick quote form, or check out our other blogs and resources created for you.  Joel brings over a decade of insurance experience in helping you determine your proper food trailer insurance coverage.

Why You Need Mobile Food Insurance

Why You Need Mobile Food Insurance

Coffee Jon

As a mobile food vendor, your day likely begins before dawn as you carefully procure ingredients, prep food, hand letter your menu board and ensure everything is ready to go before greeting your first customer. Your schedule is far from a traditional 40-hour work week and you know a thing or two about what it means to dedicate your life to the culinary arts.  Insurance is probably one of the last things on your mind!

There is nothing quite like owning your own business; the sweat equity you’ve poured into your creative pursuits is priceless. A satisfied smile from a happy customer makes it all worth it, and when a line forms and someone takes the time to tell you how much they enjoy the day’s special, you know the heart you’ve put into your work has translated beautifully.

With a long list of to-do’s and responsibilities, it can be hard to find the time to research the best options available to insure your mobile business. Thankfully, we “get” the mobile food industry! We know how full your schedule can be, as well as the unique nature of your office on the go. Often, your desk is your food prep area and your computer is your smartphone…we get it!

Why insure your business?

Yeti - Storefront and Employees

Not only is a level of insurance often necessary to do business (such as the general liability required by most commissaries, landlords and many events), it is a critical step in protecting your food business investment. Things like collision, theft, vandalism, extreme weather and more have a way of making an unwelcome appearance at the worst of times; we tailor your Insure My Food coverage to work well with your needs and your budget. In fact, we even offer a no liability deductible!

We streamline the process!

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Instead of wasting time on tedious applications or trying to explain how your workflow is structured, we are trained to make the process smooth and headache free! We know and work with food vendors in a range of areas, including concession trailers, food carts, pop-up vendors, hot dog carts, street vendors, food stands and catering trailers.

As the leading mobile food vendor insurance company, we insure in nearly every state and take pride in supporting this community all over the country.  We promise working with us is affordable and easy!

Request a quote online or call us at (800) 985-7859.

All You Need To Know About Food Truck Insurance Coverage

All You Need To Know About Food Truck Insurance Coverage

Food truck insurance… What type of coverage do I need?  This is by far the most asked question we receive! We’ve broken down insurance coverage needs with a great visual reference of what you need to succeed in your business.  Below that, we break down each type of coverage recommended to protect your business.

FoodTruckInfograph

 

General Liability Insurance

General liability protects you from lawsuits brought against you for injury or property damage to third parties. It’s important to remember this does not cover auto related or employee injuries! This type of coverage includes protecting you from your products (food), your premise (slip and fall), personal injury / advertising injury (libel and slander), and property damage to others.

The best part about General Liability Insurance is that it also covers the legal fees to defend against claims mentioned above, even if it’s found you were not at fault!  Not only is it smart coverage to have in a sue crazed world, it is often required to do business with most landlords, vendors, and commissary kitchens.

Common coverage limits in the industry are 1 million per occurrence, 2 million aggregate (total claims per year).

 

Food Truck Insurance icon

Property insurance coverage for your truck and the attached equipment

You have poured countless hours and money into your food truck so you want to make sure your investment is protected, right?

Property coverage for your food truck and attached equipment covers claims due to damage from collision, vandalized, theft, or other covered losses.

Tip: Don’t make the common mistake of assuming your auto policy for your food truck automatically covers your equipment not permanently attached to the truck! Let’s take a look at Contents coverage below.

 

Food Truck contents and equipment coverage.

Coverage for items NOT attached to your Food Truck

Since auto policies do not cover equipment that is not attached to the food truck (by bolt, plumbing or gas line), a separate coverage is needed to insure these items.

 

Food Truck Auto Insurance

Auto Liability

The greatest risk for large liability claims do not come from the food you serve, but the Food Truck you drive on the roads! You want to make sure you are covered for injury or property damage to others if there is an accident while driving from spot to spot.

The auto liability applies once you start moving. Once you are parked and you open for business, your general liability coverage takes over.

 

Food Truck Work Comp Icon.

Workers Comp

Workers Compensation Insurance (or worker’s comp as it is commonly known) pays wage replacement and medical benefits to employees if they are injured. In many states it’s required by law to carry workers comp and in others it is optional.  If you’re not sure what the laws are in your state, email us and we’ll let you know!

 

Umbrella Insurance For food trucks icon.

Additional Coverages

Other coverage options are also available as add-ons.

For example, umbrella insurance is excess coverage above and beyond your limits of general liability or auto liability insurance. This coverage is often required by large contracts.

Food spoilage is another optional coverage that can pay for your spoiled food.

In my experience, one of the best additional coverages is loss of business income due to an insurance loss. Often times even when you suffer a covered claim from an insurance loss, the resulting loss of income while you repair or replace your food truck can quickly climb to the thousands!  This situation is more likely put you out of business without coverage for loss of business income.

 

About Insure My Food

 

Insure My Food provides insurance coverage for an array of mobile food vendors such food trucks, food trailers, concession trailers, pop vendors, concessionaires, snow cone stands, and more.  We are committed to providing our clients the highest quality insurance and protecting your greatest asset, your business! We have over a decade of insurance experience and a deep understanding of the sometimes complex mobile food industry.

Our partnership with several different insurance carriers help make your food truck insurance process affordable and easy!

To request an insurance quote click here or call us at (800) 985-7859.