Caterers & Catering Truck Liability Insurance
Owning a lunch truck or catering truck provides you with an excellent way to earn an income while staying mobile. Your mobility is a key aspect of your business’s success, because it allows you to take your products and services directly to where the majority of your customers are. This can increase business dramatically, particularly if your lunch truck or catering truck serves specific types of customers. A lunch truck is always a welcome sight near construction areas for example, and catering trucks are favorites at a movie or photography shoot. Keep your business successful by making sure you’re carrying the right types of small business insurance protection.
General liability is one of the most important types of insurance all businesses should carry. This business coverage is broad and helps protect you at a base level from numerous potential hazards and risks. A general liability business insurance policy is designed to help buffer your company from the financial impacts that arise when a customer files a lawsuit with claims of injury, harm or wrongdoing. This insurance will grow the spectrum of its coverage level as your business expands. When you add a new catering truck to your route location for example, or add new products and services, your policy automatically provides protection for them. General liability insurance helps protect your company in several specific areas:
General Liability Insurance Includes:
- Premises Liability – Premises liability insurance protects you and your customers when someone gets hurt. If customers are allowed inside your lunch truck or catering truck, they may sue your company if they are injured while there. Customers can get hurt at a static location you may maintain as well. Premises liability pays for the customer’s medical bills and related expenses if they are injured at your business location. This coverage protects you even when you have your lunch truck or catering truck at a different location each day.
- Products Liability – Products liability protects you when problems arise due to products you sell. Whether you actually manufacture the products or you simply sell them, if those products cause harm to your customers they may sue your company. Products liability helps protect you from these lawsuits by paying for your legal defenses, paying for the customer’s injuries or medical needs, and paying settlements or awards.
- Completed Operations – When you provide services to your customers such as offering catering truck services at a movie shoot, the customer may feel after the fact that they were harmed or damaged by those services. Completed operations coverage takes care of your litigation expenses while also paying for the customer’s damages, settlements or awards when applicable.
Business Owners Policy
When you need to directly protect your business assets, you’ll want to look into getting a business owners policy (BOP). With this coverage, you’ll get a general liability policy included automatically and you’ll be able to custom design specific types of other important coverage. A BOP lets you protect your physical assets such as your lunch truck kitchen equipment, and intangible assets such as your company’s accounts receivables. Coverage options can include:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
Business Auto Insurance
Commercial auto insurance policy protects you from suffering financial losses caused by auto accidents. This is particularly important for a company such as yours that relies on being mobile to earn the bulk of your profits. This insurance pays for physical injuries and property damages when accidents occur, and can protect you from other risks of loss caused by uninsured motorists, fire, theft and weather damages.
Your lunch truck or catering truck employees must be protected from accidents with workers comp insurance. This is mandated by law in most states so that your employees have a recourse when they are injured on the job. Workers comp pays their medical bills and related recovery costs that are caused by the accident.
Commercial umbrella insurance provides your company with additional protection above and beyond the maximum limits of your standard business insurance policies.