How To Insure Your Mobile Food Vendor Trailer

by Insure My Food | Jan 25, 2014 | Insurance 101, Food Trailers, Food Truck Insurance, Food Trucks

How to insure your mobile food vendor trailer

What is Property Coverage for your food trailer?

Property coverage for your trailer protects against damage or loss to your trailer and the attached equipment or built in equipment.

Why Property Coverage for your trailer?

The most common types of losses covered are

Theft or Vandalism
Collision damage
Wind and Hail
Fire
Lighting

Common mistakes:

The most insurance policies only cover your property at the main location, unless you have a special type of property policy called an inland marine policy. An inland marine policy is designed to cover property that moves.

Not insuring the full value of your trailer. You must insure to value to make sure the insurance company will fully reimburse you if a claim occurs.

Including coverage for items not attached to the trailer. These items should be covered under a separate coverage for contents.

Endorsing your personal auto policy with the trailer. At best these policies do not cover your contents in the trailer and at worst exclude coverage because of the business use of the trailer

Why You Need Insurance For Your Food Trailer

by Insure My Food | Dec 31, 2013 | Food Trailers, Food Trucks, Insurance 101, Mobile Food, Mobile Food Business

Why you need insurance for your food trailer

If you own a mobile food business like a food truck, food trailer, or concession trailer, you need general liability insurance.

Wondering why it’s so important?

Even if you win a lawsuit the legal cost could ruin your business, and legal fees are covered by insurance policies.
Lawsuit out-of-pocket costs for small businesses exceed $35 billion every year.
Most events won’t let you attend unless you can show you have the proper coverage to list the event organizers as an additional insured.

The need for general liability insurance goes beyond just mobile food vendors, and insuremyfood.com can help with many other types of vendors. Get a quote here.

Vendors at swap meets and flea markets
Retailers who sell out of mall kiosks
Food Carts
Indoor Vendors
Newsstands
Outdoor Vendors
Seasonal Lots or tents
Stands, Tables, and booths.

Insurance What Is It Good For?

by Insure My Food | May 3, 2013 | Insurance 101, Food Trailers, Food Trucks

Insurance…What Is It Good For?

You know you need coverage to satisfy your lease or commissary kitchen, but what does insurance do for YOU?

Below are some examples of where a proper insurance policy can protect your hard earned business.

Types of risk Food Trailers are exposed to:

Bodily Injury:

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:

The day is over and your trailer is stored for the evening. You awake to find it has been stolen. You will now need to spend $15,000 on a new cart and equipment.

Collision:

You’re pulling your trailer to the big event and run a light and your trailer is hit! This causes severe damage to your food trailer or food cart. Damage to the trailer runs $4,000.

These are just a few examples of the insurance coverage options we offer. Like anything in life, it’s better to be prepared. Not thinking ahead to plan your coverages could lead to several thousand dollars in unexpected bills.

Check out our Glossary of Insurance terms to learn more.