Local news stations across the country have been reporting about food truck robberies over the past year. We certainly hope this doesn’t become an escalating trend. Unfortunately, food trucks are robbed for a number of reasons…
- Almost all cash transactions.
- Depending on the city, some food trucks are forced to park on dark and secluded side streets due to regulations on their proximity to brick and mortar restaurants.
- Each food truck only has 2 to 3 people and easy access to unlocked side/back doors.
- Most food trucks are not outfitted with any type of security cameras or features.
- Tend to operate evenings or late nights.
Food Network’s The Great Food Truck Race series revealed some insight to the industry and how food trucks operate. It also showed how food trucks were collecting thousands of dollars in cash…this potentially got would-be robbers thinking about their next target.
There are some elements of a property insurance policy that can protect truck owners from a loss resulting from being robbed. So be aware you can purchase an insurance policy that includes this coverage. However, the cost to add the coverage “may” outweigh the chances of it actually happening to your truck. By deciding not to purchase the insurance, you have decided to self-insure the exposure/risk.
Whether or not you decide to purchase property insurance, it still makes sense to implement some risk management tactics to protect your income and employees.
Six Ways To Reduce A Food Trucks Exposure Of Being Robbed
Some areas of risk management/loss control to potentially consider implementing are:
- Reduce Cash. Purchase a wireless credit card processing system to reduce the amount of cash on hand.
- Get To The Bank. Have periodic cash pick-ups by a manager or cash service.
- Brighten Around You. Mount exterior lights on truck to brighten up the area around the truck at night.
- Cut Down Access Points. Lock all side/back doors at all times or just evening services.
- Install Cameras. Mount dummy or real cameras with a notice that security cameras are in use.
- Require Multiple Employees. Use the old buddy system and try to park with other food trucks. There is safety in numbers.
The Bottom Line
We hope that all six of these suggestions will help you reduce the risk of a robbery. How to protect your food truck from being robbed? Share your thoughts on this topic in the comment section, our food truck forum or on social media. Facebook | Twitter
Disclaimer: Statements on this website as to insurance coverage, policies, and other content, provide general information only, and we provide no warranty as to their accuracy. Any statement made on this website does not amend, modify, or supplement any insurance policy or endorsement.