Insurance for Community Food Services
We shop for you! Compare rates from +10 top carriers
What Insurance Do Community Food Services Need?
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Product Liability insurance covers your business if you need to recall one of your products. It covers your costs for retrieving the defective product from the manufacturer or seller to prevent any further bodily injury or property damage.
Frequently Asked Questions
Why do Community Food Services need insurance?
Professionals in this industry provide aid for people who cannot prepare food for themselves (such as the elderly, impoverished, or those with a disability). Examples of these establishments include food banks, meal delivery programs, and mobile soup kitchens.
Good practices, excellent customer service, and quality products are not enough to keep your business afloat. When your business is involved in risks like property damage, physical injury, lawsuits or any that you can't control, insurance will serve as a protection of your business assets and financial resources.
What risks do Community Food Services face?
About 30% of community food services startups fail within a year of business. This is because most fail to ensure that proper risk management procedures like getting insurance. There are unique risks that your business can face and without property risk management, these risks could instantly destroy your business. Here are some of those:
- Food can make people sick, making you responsible for medical expenses and a possible lawsuit.
- Fires are the biggest risk because a slight mishap will destroy your property, cost you large amounts for property replacement and repair, inside and out.
- Accidents can cause serious financial consequences. If a customer slips and is injured, you can be liable for the medical expenses. And if your employees are hurt on the job, you will be responsible as well.
How much does Community Food Service Insurance cost?
The cost of insurance for community food services varies on the type of services you offer, the number of employees you have and many other factors. An experienced insurance agent can help you find the right insurance for your community food services. You can either apply online to get a free quote or contact our customer services representatives.