In the U.S., fire and theft insurance for food trucks is part of a broader commercial property policy designed to protect mobile food businesses from specific risks.
This coverage helps pay for repairs or replacements if your food truck, equipment, or inventory is damaged or lost due to fire, theft, vandalism, or similar events.
It can also include business interruption insurance, which compensates for lost income if your operations are temporarily shut down due to a covered incident.
This coverage is separate from, but often bundled with, general liability and commercial auto insurance.
Cost for fire and theft coverage vary widely depending on factors like the food truck’s value, location, and the owner’s claims history.
On average, basic liability policies in the U.S. start around $500 – $1,000 annually, while comprehensive policies that include fire and theft coverage typically range from $1,200 to $3,000 or more per year.
Premiums may be higher in high-traffic or high-crime areas or for trucks with expensive cooking equipment.
Popular U.S. insurers offering fire and theft insurance for food trucks include Progressive, FLIP (Food Liability Insurance Program), CoverWallet, and Hiscox.
These providers offer customizable packages to fit different needs and budgets.
It’s recommended to compare quotes, assess coverage limits, and consider bundling with other insurance types to ensure thorough protection and potentially lower premiums.
Rates and Companies That Offer Fire and Theft Coverage Insurance Coverage for Food Trucks Work
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FLIP (Food Liability Insurance Program)
FLIP (Food Liability Insurance Program) offers affordable, customizable insurance for food trucks in the U.S., starting at $25.92 per month or $299 per year.
Their base policy includes general liability and product liability coverage, with optional add-ons like inland marine, cyber liability, and liquor liability.
FLIP also provides a unique food trailer endorsement, extending coverage to trailers when detached from towing vehicles. Additional insureds can be added at no extra cost.
FLIP’s policies are designed for small food businesses with annual gross receipts under $500,000.
They offer flexible payment options and a streamlined online application process, allowing food truck operators to obtain coverage quickly and efficiently.
However, FLIP does not provide commercial auto insurance, so separate coverage is needed for vehicles.
Rates: Starting at $299/year.
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Thimble
Thimble offers flexible, on-demand insurance for food trucks, allowing coverage by the hour, day, week, or month.
Their Business Owner’s Policy (BOP) includes general liability, commercial property, and business interruption coverage, with limits ranging from $300,000 to $1 million.
Additional options like equipment breakdown coverage are available. Policies start at $5 per hour or $17 per month, with the ability to pause or cancel coverage as needed.
Rates: From $5/hour, $30/month, or $300/year.
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NEXT Insurance
NEXT Insurance offers tailored coverage for food trucks in the U.S., with policies starting as low as $25 per month.
Their Business Owner’s Policy (BOP) combines essential protections like General Liability and Commercial Property Insurance, providing comprehensive coverage for your truck, equipment, and food supplies.
NEXT also offers Workers’ Compensation and Commercial Auto Insurance, ensuring that all aspects of your mobile food business are protected.
The application process is entirely online, allowing you to obtain coverage in under 10 minutes.
NEXT provides instant access to Certificates of Insurance (COIs), which can be easily shared with event organizers or landlords.
Bundling multiple policies may also qualify you for discounts, potentially saving up to 25% on your premiums.
Rates: Approximately $25/month.
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Hiscox
Hiscox is a specialized small business insurer offering tailored coverage for food truck operators in the U.S.
Their policies include general liability, cyber liability, commercial property, and inland marine insurance.
For example, a general liability policy with a $2 million aggregate limit is available for approximately $77.10 per month, with cyber liability coverage added for an additional $250 .
Hiscox is known for its strong financial stability, receiving an A (Excellent) rating from AM Best.
They provide a user-friendly online platform for managing policies, filing claims, and generating Certificates of Insurance.
However, they do not offer commercial auto insurance, which may require bundling with another provider like Progressive Commercial.
Rates: Starting at $350/year for general liability.
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Progressive Commercial
Progressive Commercial is a leading provider of food truck insurance in the U.S., offering customizable coverage options tailored to the unique needs of mobile food vendors.
Their policies include protection against risks such as customer illness, property damage, and employee injury.
Progressive Commercial also provides flexible billing options, discounts, and 24/7 claims support to ensure comprehensive protection for food truck businesses.
Rates: Median premium of $160/month for commercial auto.
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CoverWallet
CoverWallet is an online insurance broker that simplifies the process of obtaining coverage for food truck businesses in the U.S.
By partnering with multiple top-rated insurers, CoverWallet offers a range of policies tailored to the unique needs of food vendors.
Their platform allows business owners to compare quotes, customize coverage, and manage policies all in one place.
For food trucks, CoverWallet provides essential coverages such as General Liability, Commercial Auto, Workers’ Compensation, and Business Owner’s Policy (BOP), which combines property and liability insurance. These policies protect against risks like fire, theft, and accidents.
Rates: Around $26/month.
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CyberPolicy
CyberPolicy offers tailored insurance solutions for food truck businesses in the U.S., providing a platform to compare quotes and purchase multiple policies online.
Their offerings include essential coverages such as General Liability, Commercial Auto, and Cyber Liability insurance, ensuring comprehensive protection against risks like fire, theft, and data breaches.
CyberPolicy emphasizes convenience, allowing food truck operators to obtain coverage quickly and efficiently, often within 24 hours.
Rates: BOPs starting at $20/month.
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JW Surety Bonds
JW Surety Bonds provides comprehensive insurance solutions for food truck businesses across the U.S., with average premiums around $130 per month for a Business Owner’s Policy (BOP).
This coverage typically includes protection against fire, theft, vandalism, and business interruption.
Premiums may vary based on factors like location, equipment value, and coverage limits.
JW Surety Bonds offers quick online quotes and immediate issuance of Certificates of Insurance upon payment, ensuring that food truck operators can secure necessary coverage efficiently.
Rates: Average of $130/month for BOP.
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FarmerBrown
FarmerBrown Insurance offers tailored coverage for food truck businesses in the U.S., with monthly premiums ranging from $125 to $300, depending on factors like location, equipment value, and coverage limits.
Their comprehensive packages include essential policies such as General Liability, Commercial Auto, Workers’ Compensation, and Business Owner’s Policy (BOP), which combines property and liability coverage.
For instance, a BOP typically costs between $150 and $400 per month, providing protection against risks like fire, theft, and business interruption.
FarmerBrown’s experienced agents assist clients in assessing their unique risks and securing customized insurance solutions.
They also offer potential discounts of 10% to 15% through policy bundling.
Rates: Varies based on coverage.
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Huckleberry
Huckleberry offers affordable, customizable insurance solutions for food truck businesses in the U.S., with rates starting as low as $36 per month.
Their Business Owner’s Policy (BOP) bundles general liability, commercial property, and business interruption coverage, providing comprehensive protection against risks like fire, theft, and equipment damage.
The online platform allows food truck operators to obtain instant quotes and coverage in under five minutes, with no paperwork required.
Recognized for its high liability limits and wide coverage options, Huckleberry has a low customer complaint rate, making it a top choice for food truck insurance.
Rates: Approximately $42/month.
Please note that rates are approximate and can vary based on factors like location, equipment value, and coverage limits.
It’s advisable to obtain personalized quotes to determine the best fit for your food truck business.