HOW MUCH IS BUSINESS INSURANCE
for Food Trucks?
As the owner and operator of a food truck, you're part of a growing movement to bring high-quality food to customers in all locations. Whether you specialize in gourmet "foodie" meals or you dish out the greasiest lunchtime fare, it's essential that you have food truck insurance to keep yourself in the black.
Every food truck owner is familiar with city permits and licenses. In order to become a licensed food truck operator in many cities, you have to have General Liability and other insurance policies. But how much does food truck insurance cost? Below are cost estimates for several key policies. Your actual costs will vary based on the specifics of your business, but these numbers can provide a helpful ballpark estimate.
HOW MUCH IS
General Liability Insurance?
General Liability Insurance
When you apply for your mobile food truck permit, you might need General Liability Insurance. GL Insurance protects food truck operators from third-party lawsuits over illnesses, bodily injuries, copyright infringement on advertisements, and property damage. GL is a basic business insurance policy that protects you against some of the most common lawsuits, paying for the legal expenses that could otherwise bankrupt your business.
General Liability Insurance premiums typically cost between $500 and $602 per year.
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Median policy premium:
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$500 - $602
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Median policy limit:
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$2 million
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Median policy deductible:
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None
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To see how the cost of General Liability Insurance for food trucks compares with other industries, visit Insureon's General Liability Insurance Cost Analysis 
.
HOW MUCH IS
a Business Owner's Policy?
Business Owner's Policy
A Business Owner's Policy packages General Liability Insurance with Property Insurance so you can cover basic third-party lawsuits as well as your physical property (equipment, workspace, inventory, etc.). Business Owner's Policies offer one big advantage to food trucks: they cost less than buying Property and General Liability separately.
BOPs usually cost food truck owners between $500 and $1,119 in annual premiums.
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Median policy premium:
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$509 - $1,199
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Median policy limit:
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$2 million
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Median policy deductible:
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$250
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HOW MUCH IS
Commercial Auto Insurance?
Commercial Auto Insurance
Like General Liability, Commercial Auto Insurance is often mandatory for food truck companies because they'll need it when they file for permits or licenses with the city government. Commercial Auto Insurance pays for many of the costs related to an auto accident.
It can cover legal expenses (if you're sued), repair costs, and medical costs if you injure another party. Some policies can also include protection to cover you when an uninsured driver hits your truck.
The annual cost of Commercial Auto Insurance for food truck owners ranges from $1,274 to $3,148.
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Median policy premium:
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$1,274 - $3,148
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Median policy limit:
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Limits vary significantly depending on vehicle and coverage.
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Median policy deductible:
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Deductibles vary significantly depending on coverage needs.
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HOW MUCH IS
Workers' Compensation Insurance?
Workers' Compensation Insurance
State laws generally require Workers' Compensation Insurance (also called Workers' Comp or Workman's Comp) for food trucks with employees. If you operate food truck and don't employ anyone else, you may not need this coverage, but most food truck businesses will need it to cover their employees. Workers' Comp pays for medical expenses, lost wages, and lawsuits when employees are injured on the job.
Workers' Compensation Insurance for a food truck typically costs between $1,436 and $2,490.
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Median policy premium:
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$1,436 – $2,490
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Median policy limit:
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$1 million
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Median policy deductible:
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None
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To check you exact legal requirements, see our state guide to Workers' Comp laws .
To see how the cost of Workers' Compensation Insurance for food trucks compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis .
Free Insurance Quotes for Mobile Food Truck Companies
Free Insurance Quotes for Mobile Food Truck Companies
The quotes above are only general estimates, but if you'd like an exact price quote on business insurance for food trucks, submit an online insurance application. A food truck agent will send quotes to your email inbox, often within 15 minutes.