Concession Business Insurance for Trailers and Trucks

Starting a business in the mobile food service industry requires many things, including concession insurance protection. You must have insurance for your concession trailer or food truck. The need for this coverage is not up for debate, but the process of obtaining it can be a bit confusing. There are so many types of insurance out there that it can be difficult to know which types you need and how to acquire them. There are a few varieties of policies that are non-negotiable and must-haves, but there is a wide range of coverage types available that can help you protect yourself further against damages that could devastate a company beyond recovery.

First and foremost, in the day-to-day operation of your food concession business, a concessionaire will need protection against mishaps. This is a broad definition of what is called General Liability. This is a very important type of insurance to have because it can keep you from losing your proverbial shirt to someone who is damaged as a result of an incident at your business. For example, if someone is hurt on your property, they can bring suit and can possibly be awarded compensation for damages. If someone eats at your establishment and gets food poisoning, reimbursement to them or there family can be astronomical. And in a society where lawsuits are fashionable, you can avoid financial ruin from both legitimate and fabricated or elevated claims. This type of coverage can mean the difference between the life or death of your business. concession-business-insurance

Another type of coverage you must have with a mobile kitchen is automobile insurance. Just as with a car or truck, you need to protect yourself out on the road. However, a simple personal insurance policy may not be enough to fully cover you. Having a commercial policy will shield your company from direct liability in the even of severe property damage or medical bills of another person if you are at fault in an accident that severely injures another person or worse.

A property policy is also paramount to a successfully run business strategy. This will keep you solvent if your property is damaged because of fire or other incidents that do damage. While this is a must-have for people who own their equipment outright, it is especially imperative for someone who is financing concession equipment and making payments on that equipment.

An important coverage to have if you have employees running your business is Worker’s Compensation insurance. This will ensure that your employees get the proper medical care needed should they be injured on the job. It will also protect you from outrageous medical expenses that can really add up if there are multiple employee injuries.

Concessionaire Insurance

Additional optional protection types that can be useful, but are not absolutely necessary include food contamination, specific peril insurance, and loss of business. Food contamination insurance will reimburse you in special situations if loss of power causes your food supply to spoil. Specific peril covers you for named perils such as burglary, vandalism, or specific natural disasters. Finally, loss of business reimburses you for certain reasons if you are unable to operate.

If you are serious about creating a successful business, you must protect it from accidents and incidents. It will keep your company solvent in the event of something unavoidable that you haven’t planned. It is necessary to have commercial concession insurance to protect all the work you have done and everything you have accomplished.