Ice Cream Truck Insurance
Ice Cream Truck Insurance
Owning your own ice cream truck lets you make money in a fun way. Traditional ice cream trucks travel slowly around family neighborhoods in the afternoon, stopping frequently for children and adults who want to purchase a treat. Some ice cream truck owners park in the same location each day and sell to kids and families playing in the local park for example, or to friends and family attending a kid’s sporting event.
No matter how your business uses its ice cream truck, you have made a hefty investment to acquire it and stock it with supplies. If the truck is damaged in an auto accident, or receives harm in another way, paying for the repairs or replacement may put a large financial burden on your company bank accounts. You can reduce the risk of potential losses caused by auto accidents and related perils by making sure you have the right types of insurance. Here are the standard types of commercial insurance coverage you should carry on your ice cream truck:
- Liability Insurance – Liability insurance pays other people when your truck causes them harm. If your ice cream truck is involved in an auto accident and is found to be responsible for the accident, your liability insurance will pay the bills that were generated for the accident victims. General liability insurance covers two primary areas of protection:
- Bodily Injury – Bodily injury coverage pays for the costs that arise when you hurt someone physically with your ice cream truck. If for example, your truck rolls over a customer’s foot as you’re pulling away from the curb, bodily injuries will pay for the associated medical expenses. If you’re in an auto accident and your truck was found to be at fault, then your bodily injury coverage will pay the medical bills and associated costs for the people who got hurt in the other vehicles. Bodily injury pays for standard medical costs such as hospital visits and doctor’s care. It also pays for recovery and rehabilitation, lost wages due to time off work, pain and suffering and funeral expenses.
- Property Damage – The property damage portion of your liability insurance pays to fix things you break or damage in an accident. If your ice cream truck is driving too closely to parked vehicles and accidently scrapes the side of one for example, the property damage portion of your insurance will pay to have that vehicle repaired.
Commercial liability insurance coverage has set maximum payout limits per policy. You select those limits when you set up your policy and you select the deductible amount for your policy as well. The insurance deductible is the amount that you pay out of pocket before the insurance policy benefits kick in.