Food Truck Insurance Cost
How much is food truck insurance? We’ve broken it down so you can see where every dollar goes before you decide to buy.
How Much Does Food Truck Insurance Cost?
Food truck insurance from Food Liability Insurance Program (FLIP) starts at $25.92 per month or $299 per year. The base FLIP policy includes coverage for:
- General liability insurance for third-party bodily injury and property damage claims, like someone tripping over your power cords and sustaining an injury.
- Product liability insurance for claims related to the products you make, sell, or distribute, such as a customer having an allergic reaction to food you made.
Find out why food trucks need liability insurance and how to properly protect your business from these common types of claims.
How Much Does Each Type of Coverage Cost?
What Factors Affect the Cost of Food Truck Insurance?
The average food truck insurance cost of your premium can be affected by a few factors. For example, the amount you pay for general liability insurance is related to your business’ gross annual income.
The second factor that can affect your premium is the type of coverage you choose. With FLIP, you have the option to expand or extend your coverage with optional policies and add-ons, including:
- Inland Marine (Tools and Equipment)
- Liquor Liability Insurance (critical if you sell alcohol out of your food truck)
- Cyber Liability Insurance
- Food Trailer Endorsement
- Workers’ Compensation Insurance
- Professional Liability Insurance
Even though your food truck liability insurance cost will increase if you add optional coverages to your policy, FLIP keeps the cost of these add-ons as low as possible so you never have to choose between the coverage you need and breaking the bank.
Finally, if you have a history of filing claims, your premium may increase. When your insurance provider sees that you have filed claims in the past, they can assume that you pose more of a financial risk than someone who hasn’t.
Can I Reduce the Cost of My Insurance?
The best way you can lower the cost of food truck insurance is by identifying risks and preventing accidents from happening to your business.
Some of the best risk prevention techniques for food trucks include:
- Regularly inspecting your equipment and food truck for wear and tear to prevent malfunctions or breakdowns
- Clearly labeling menu items with common allergens
- Keeping the area around your food truck clean and free of clutter or tripping hazards
- Following proper food handling and storage practices
Why FLIP for the Best Food Truck Insurance?
A+ Rated Coverage
Customizable Policy
Monthly and Yearly Payment Options
Free & Unlimited Additional Insureds
24/7 Online Access
Instant Certificate of Insurance
Coverage Details Limits
General Liability Aggregate Limit
$2,000,000
Products – Completed Operations Aggregate Limit
$2,000,000
Personal and Advertising Injury Limit
$1,000,000
General Each Occurrence Limit
$1,000,000
Damage to Premises Rented to You Limit (Any One Premises)
$300,000
Liability Deductible
NO DEDUCTIBLE
Business Personal Property / Inland Marine Limit (Any One Article / Aggregate)
$5,000/$10,000
Business Personal Property / Inland Marine Limit (Per Occurrence) – Deductible
$250
Medical Expense Limit
$5,000
How Do I Get a Quote?
Getting a quote is easy as pie with FLIP! Follow these four simple steps to get your quote in minutes:
1. Start your online application
2. Choose your business activities
3. Fill out all required fields
4. Get your free online quote and finish checking out!
FAQs About the Cost of Food Truck Liability Insurance
Does Food Truck Insurance Cover My Vehicle and My Business Operations?
This policy is tailored to cover food truck business operations, but it’s not designed to cover your vehicle. For this coverage, you will need a commercial auto insurance policy, which FLIP does not offer at this time.
Are There Specific Insurance Requirements for Operating a Food Truck?
Many food truck rallies and food festival organizers require you to provide proof of insurance before they allow you to participate in their event. They will also ask you to add them to your policy as an additional insured, which protects them from having to pay out for any accidents you cause at their event.
With FLIP, you can add an unlimited amount of additional insureds free of charge from the convenience of your online dashboard!
Can I Get Short-Term Insurance for Seasonal Food Truck Operations?
While FLIP doesn’t offer an event policy for food trucks, you can choose to pay monthly instead of annually if you only need coverage for a short period of time.
Reviewed by: Kyle Jude
Kyle Jude is the Program Manager for Food Liability Insurance Program (FLIP). As a dedicated program manager with 10+ years of experience in the insurance industry, Kyle offers insight into different coverages for food and beverage business professionals who are looking to navigate business liability insurance.
