Kim Baxter is the owner of Goodfood, a mobile food eatery from Orlando, Florida. By being named the winner of this contest, the Goodfood trailer is awarded $5,000.
Their mission is to promote a farm to fork diet by sourcing organic, pasture raised, non-GMO products from local farms and Co-ops. Thet hope to use the rig as an educational opportunity to spread the word about healthy alternatives in the way of menu items, bottled sauces, onions, pickles, etc…
So what are their plans with their winnings?
If (when) we win, we will install a fire suppression system, permanently weld the generator and propane to the rig, add graphic vinyl, get a new set of tires and do some much needed welding to beef up the rigs’ frame.
Insurance isn’t something that everyone thinks about when they get into the food truck business. At Progressive, we’ve noticed a sharp rise in the amount of food trucks we insure, with an increase of nearly 20% from 2011 to 2012. Food trucks are unique – they double as your work vehicle and your actual place of business. Knowing what insurance coverages you need for your truck will help you protect your investment.
Below are three coverages to consider as you insure your truck.
Liability coverage – If you are at-fault in an accident, liability coverage will help you pay for damage to the other vehicle.
Bodily Injury & Property Damage coverage – This coverage will help pay for injuries to people or damage to property caused by your truck.
Physical Damage coverage – There are two types of physical damage coverage – Comprehensive and Collision. Comprehensive coverage helps pay for damage to your truck caused by an event other than a collision, like fire, theft or vandalism. Collision coverage helps pay for damage caused to your truck if you hit something.
With both Comprehensive and Collision coverage, don’t just cover your truck, cover your equipment. If you have expensive grills or stoves, include them in your limits, so you’re not stuck paying to replace or fix them if you’re in an accident. Anything bolted to your truck can be covered by Comprehensive and Collision coverage. Keep all of your receipts to make the process as smooth as possible if you ever need to file a claim, and keep your coverage limits up-to-date as you update your truck with new equipment.
In addition to coverages, check how much each company is charging for an additional insured under your policy. The cost can vary greatly depending on your insurer. Also make sure you talk to an independent agent about coverages that go beyond your commercial auto coverage – coverages you still need for your business. This could include General Liability, Business Property to cover equipment that isn’t bolted to the vehicle and equipment breakdown coverage.
Knowing your coverage options puts you in a position to make the best commercial auto insurance decision. Whether you go through an agent or shop on your own, having the right coverage lets you work worry-free and concentrate on your food and your customers.
Win $5,000 for your food truck
In addition to insuring food trucks, Progressive is giving food truck owners the chance to win $5,000. All you have to do to enter is upload a picture of your food truck and tell us how you’d spend the money. Then encourage your customers, friends and family to go vote for you. The contest ends in July 2013. To enter, vote or get more details about the contest, visit http://www.progressivecommercial.com/hub/contests/2013-food-truck-contest.aspx#!/.
Rishi Arora is commercial auto product manager at Progressive. In business since 1937, Progressive is a market leader in commercial auto insurance and the #1 truck insurer. For more information on Progressive’s coverages or to find a local independent agent, go to http://www.progressivecommercial.com.
Is your food truck’s fryer on the fritz? Does your oven need some lovin’? Is your range acting strange? Never fear! Flo is here to help you spruce up your food truck or catering vehicle just in time to help beat the summertime blues.
A new contest announced by Progressive Insurance is asking you to share a photo of your food truck or catering vehicle and let them know how you’d spend $5,000 to take your truck from drab to fab. The contest encourages your family, friends, and followers to vote for your entry and you could be the big winner.
Are you getting ready to roll out your new food truck? Not to worry, those of you that are considering to open up a mobile food business can also submit an entry for a chance to win.
Not a food truck owner? Vote daily for your favorite food truck and help us determine who gets to drive away with the $5,000 grand prize.
Complete and submit the registration form including name, age, email address, and whether you own a commercial vehicle insurance policy. After completing the registration form, upload one (1) photo of your food truck or catering vehicle and a brief description of why you should selected as the winner.
Progressive Insurance is definitely a viable option for food truck or catering truck auto insurance. Progressive is an insurance company that you can access “directly” (via their website, etc) or by an appointed Progressive “broker”. In the past, it seemed Progressive’s Auto policies were a little more expensive than most insurance companies. However, Progressive is becoming more of a competitive player for Auto insurance as the food truck industry matures.
Flo might not be happy to hear this.
I recently had a food truck client that decided to purchase an Auto policy “direct” from Progressive and then a General Liability policy from CateringTruckInsurance.com. There is a significant disadvantage to that structure because it creates more work for the food truck owner when requesting certificates of insurance. Now the truck owner will need to contact their insurance broker (for the General Liability, Workers’ Compensation, etc) AND Progressive to get the necessary evidence of insurance to drive onto that lot. So that means two separate calls/emails for two separate certificates of insurance for each event.
Why make it hard on yourself? Streamline this process by selecting one broker to represent your risk in the market place. Most importantly, select a broker that is an expert in the industry.
Matt Carlson, CIC is an insurance broker that specializes in insurance and risk management solutions for food and catering trucks. He is a foodie and second generation commercial insurance broker. He provides his clients with General Liability, Auto and Workers’ Compensation coverage. Matt currently insures over 25 food trucks. Some of his more notable clients are Krazy BBQ, Kogi BBQ and The Fox Pizza Bus. You can find his insurance website at http://www.cateringtruckinsurance.com where you can get more information on his company or an insurance quote application.