Summertime and ice cream trucks go hand-in-hand, but if you own an ice cream truck business, you already know the days aren’t always carefree. There are risks around every street corner, especially when children are part of the excitement. Insuring your food truck business or ice cream truck business doesn't have to be difficult. Once you understand some of the key coverages you'll need, you’ll be ready to get back to the business of putting smiles on faces.
Because most of your business is time spent behind the wheel, or at the sliding side window of your ice cream truck, having a well-constructed commercial auto insurance policy is crucial to protecting your food truck business. Your commercial auto insurance can protect your ice cream truck business in four key ways:
Commercial auto liability insurance: Commercial auto liability coverage is required in all states and can help protect your ice cream truck business against the potentially costliest risks you might face in your business. Specifically, your commercial auto liability coverage can protect your business against bodily injury liability due to auto accidents, as well as protect your business against property damage liability to other vehicles or the property of others.
Physical damage coverage: If your ice cream truck is damaged in an auto accident, collision coverage can help cover the cost of repairs or replacement. Comprehensive coverage is also available, which can cover other common risks such as fire, theft, vandalism, or other types of accidental damage.
Medical payments: Your vehicle insurance policy can help pay for medical bills for you or your employees if you are injured in a commercial auto accident. Coverage options vary by state.
Uninsured/Underinsured Motorist: Your ice cream truck can be damaged in an auto accident through no fault of your own. If the other party does not have insurance or does not have sufficient insurance coverage, your commercial auto insurance policy can bridge the gap to cover the cost of repairing your vehicle.
As a business owner, your risks extend beyond the roadways you travel on your daily routes. The Commercial Auto insurance policy can be paired with a Business Owner policy, which provides some additional and essential protections for your ice cream truck business.
General Liability insurance and commercial property insurance are among the key elements of a business owners policy and can protect your business from liability due to non-auto-related accidents or even liability due to libel, slander, or advertising injury. The commercial property coverage provisions can help protect your valuable business equipment, inventory, and supplies.
The cost of insuring your ice cream truck or mobile food business varies depending on a number of individual factors, including your state, your driving record, your claims history, and other relevant considerations. The amount of coverage you choose also affects your rate. However, choosing a higher level of coverage typically becomes more affordable per dollar of coverage purchased as your coverage limits increase.
CoverWallet works with leading insurers to find the right coverage at a price your business can afford. One of the most effective ways to reduce your total cost of insurance is to purchase a commercial package policy, which bundles your key coverages into one easy-to-manage insurance package and makes rates more affordable by earning customized discounts with one insurance provider. Just reach out to CoverWallet’s team of experienced insurance agents for a no-obligation insurance quote.