The Risks and Protections for Food Truck Owners

The Risks and Protections for Food Truck Owners

Owning a food truck can be a good business venture. However, if you are unaware of the different food truck problems, you cannot protect your business against them.

Food Truck Problems

There is a lot of unpredictability in all businesses and industries; however, there are common issues that can cause food truck owners to lose money. Food truck problems can range from lack of vehicle maintenance to inadequate food storage. Without sufficient food storage, you risk food poisoning and may not be following health regulations.

Food trucks often travel, so you have to remember that the rules and regulations can change depending on where you are.

Food Truck Insurance Needs

To insure a food truck, you need general liability insurance and commercial vehicle insurance. General liability protects against financial liabilities. For example, if the food is contaminated, customers can become ill and file a lawsuit against your company. Commercial vehicle insurance gives you additional protection. It may cover physical damage and your food equipment. You may also need to consider workers’ compensation if you have employees.

Owning a food truck comes with its share of risk. To minimize your risks, keep adequate insurance coverage and recognize the various risks to your company.

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