When you start your food truck business, it is easy to get caught up in the excitement of it all. Food trucks are fun, they can help you live your foodie dream, and they can be a great way to make money. When it comes to custom truck fabrication, you will want to learn about design, fitting, and branding, but have you considered what insurance you will need for your truck?
Things Can Go Wrong
No matter how much you plan your food truck manufacturing business, things can go wrong. Whether your truck breaks down, there is a fire while cooking, or you have a serious customer complaint, the cost of resolving issues can cause serious stress.
In order to reduce stress and keep your business afloat, you should invest in business insurance. There are ways that you can cut corners when it comes to starting a food truck on a budget, but proper insurance is not one of those things. Just a few hundred dollars per month is much more financially sound than paying out huge sums to rectify disasters!
Legally, you will need to have full insurance for your vehicle, including
- Full vehicle insurance
- Auto liability insurance for commercial use
- Commercial property insurance
- Compensation insurance for workers
- Liability insurance
The average cost of insurances for food trucks is between $250-$600 per month depending on your business needs.
For more advice on how to go about setting up business insurance and finding the best companies to take out policies with, Firefly Fabricationison hand. As a respected and experienced food manufacturing team, we are the best people to make sure you are fully covered and your business is a success.
For all aspects of your custom truck fabrication, contact us today.