Ensure the security of your food truck business with the right insurance coverage. Finding quality insurance for small business, like food truck insurance, can be challenging. Our research reveals the top 10 food truck insurance companies in 2023, considering factors like financial stability, customer satisfaction, and policy offerings.
List of Top Food Truck Insurance Companies
- Progressive Food Truck Insurance: Best overall for food truck insurance
- CoverWallet: Best for comparison shopping
- Insurance Bee: Best for personalized food truck insurance solutions
- Insure My Food Truck: Best for specialized coverage for food truck businesses
- Simply Business: Best for easy online comparison and purchase of food truck insurance
- CNA: Best for comprehensive coverage options for food truck operations
- Gallagher: Best for customized risk management & insurance solutions
- GEICO: Best for a restaurant with a food truck
- Travelers: Best for a wide range of insurance coverages tailored for food truck businesses
- FLIP: Best for instant coverage
- Hiscox: Best for food trucks that provide online order service
Comparison: Top Food Truck Insurance Companies
| Company | Online quote | Instant COI | Financial rating from AM Best | Policy options |
| Progressive Food Truck Insurance | Yes | No, need to call | A+ (Superior) | General liability, commercial property, commercial auto, liquor liability, etc. |
| CoverWallet | Yes | Yes | CoverWallet works with carriers that have an Excellent rating or higher | General liability, commercial property, commercial auto, workers’ compensation, etc. |
| Insurance Bee | Yes | Yes | Insurance Bee works with carriers that have an Excellent rating or higher | General liability, professional liability, cyber liability, etc. |
| Insure My Food Truck | Yes | No | Insure My Food Truck works with carriers that have an Excellent rating or higher. | General liability, commercial property, commercial auto, workers’ compensation, etc. |
| Simply Business | Yes | Yes | Simply Business works with providers that have an Excellent rating or higher. | General liability, professional liability, business owners policy (BOP), etc. |
| CNA | Yes | No | A (Excellent) | General liability, commercial property, commercial auto, workers’ compensation, etc. |
| Gallagher | Yes | Yes | Gallagher works with carriers that have an Excellent rating or higher | General liability, commercial property, commercial auto, workers’ compensation, etc. |
| GEICO | Yes | Yes, through the online portal | A++ (Superior) | Commercial auto only for food trucks |
| Travelers | Yes | Yes | A++ (Superior) | General liability, commercial property, commercial auto, workers’ compensation, etc. |
| FLIP | Yes | Yes | A+ (Superior) | General and product liability only for food vendors |
| Hiscox | Yes | No, Available within one day | A (Excellent) | General liability, professional liability, business owners policy (BOP), cyber liability |
Top Food Truck Insurance Companies
Progressive Food Truck – Best overall for food truck insurance
Overview
Progressive Food Truck Insurance is a top provider of insurance for food trucks. They offer a comprehensive policy that covers both the vehicle and the business operations. Progressive is known for its reputation as the largest insurer for commercial autos and its expertise in properly insuring food trucks.
pros
- 24/7 claims services
- In-house claims handling
- Available in 49 states
cons
- Need to call for your certificate of insurance
Why choose it?
Claims services are available 24/7, allowing for prompt reporting of accidents, even on weekends. It also claims in-house, ensuring direct and efficient processing.
Financial Rating
It has been awarded an A+ Superior rating by AM Best.
CoverWallet – Best for comparison shopping
Overview
CoverWallet is a top insurance provider known for its convenient online platform. It offers quick online quotes from multiple carriers, making it easy for customers to compare coverage options. With a focus on convenience and a wide range of coverage offerings, CoverWallet aims to provide an efficient and streamlined insurance experience for businesses.
pros
- Quick online quotes
- Policy financing plan
- Instant certificate of insurance
cons
- Claims need to be filed directly with the insurer.
Why Choose it?
- Convenient online platform for managing policies and payments.
- A wide range of coverage options is available from multiple carriers.
- Fast and easy policy purchase process.
Financial Rating
CoverWallet has listed top rated insurance providers with AM Best ratings of Excellent or Higher.
Insurance Bee – Best for personalized food truck insurance solutions
Overview
Insurance Bee is an insurance provider that focuses on helping small businesses manage their risks. They emphasize the importance of risk planning and offer guidance and tools to make risk management straightforward. Insurance Bee offers coverage for various types of risks, including compliance, operational, financial, reputational, and strategic risks.
pros
- Risk management focus
- Coverage for various risks
- Tailored solutions
- Expertise in small business insurance
cons
- Limited online presence and functionality
- No online policy management or payment options
Why choose it?
Insurance Bee is a suitable choice for small businesses seeking comprehensive coverage and guidance in risk management. With a focus on tailored solutions, they specialize in serving small businesses and have a deep understanding of their unique needs and challenges. By providing targeted insurance solutions, Insurance Bee addresses specific risks faced by small businesses.
Financial rating
The financial rating depends on the rating of the carrier that issues the policy. Insurance Bee works with carriers that have an Excellent rating or higher from AM Best.
Insure My Food Truck – Best for specialized coverage for food truck businesses
Overview
Insure My Food Truck is a leading provider of mobile food truck insurance, specializing in comprehensive coverage for food trucks, food trailers, and mobile food vendors. They understand the industry’s unique needs and offer a tailored insurance program with competitive pricing.
pros
- Specialized expertise
- Comprehensive coverage
- Competitive Pricing
- Established track record
cons
- The service area of Insure My Truck is limited
Why choose it?
Food truck owners should choose Insure My Food Truck for their specialized expertise in food truck insurance. Their understanding of the industry’s unique risks, comprehensive coverage options, competitive pricing, and established track records make them a reliable choice for food truck owners looking for tailored insurance solutions.
Financial rating
Insure My Food Truck works with carriers that have an A, Excellent rating or higher from AM Best.
Simply Business – Best for easy online comparison and purchase of food truck insurance
Simply Business is one of the U.K.’s largest business insurance providers, offering small businesses and landlords coverage. With over 800,000 customers, they provide fast and flexible insurance solutions tailored to meet the needs of different businesses.
pros
- Wide Range of Coverage
- Customer-Focused Approach
- Easy and Quick Process
cons
- Limited Geographical Coverage
Why choose it?
Businesses should choose Simply Business for its comprehensive coverage options, customer-focused approach, and hassle-free purchasing process. With their wide range of insurance products and expertise in serving small businesses and landlords, Simply Business can provide tailored solutions that meet the unique needs of each customer.
Financial rating
Simply Business works with providers that have an Excellent rating or higher with AM Best.
CNA – Best for comprehensive coverage options for food truck operations
Overview
CNA is a leading commercial insurance provider that offers a range of insurance solutions for businesses of all sizes. With a strong presence in the United States and a global reach, CNA has established itself as a trusted insurer known for its expertise in various industries.
pros
- Extensive industry knowledge
- Strong financial stability
- Wide range of coverage options
cons
- Limited geographical coverage
- Complex application process
Why choose it?
Businesses should choose CNA for its industry expertise, strong financial stability, and comprehensive coverage options. By partnering with CNA, businesses can benefit from tailored insurance solutions that address their specific industry risks.
Financial Rating
CNA has a rating of A Excellent from AM Best.
Gallagher – Best for customized risk management & insurance solutions
Overview
Gallagher is a global insurance brokerage and risk management company offering various insurance solutions and consulting services. With a presence in over 150 countries, Gallagher has established itself as a trusted provider in the insurance industry, serving both businesses and individuals.
pros
- Global reach
- Industry expertise
- Risk management services
cons
- Complex organizational structure
- Limited personal insurance offerings
Why choose it?
Businesses should choose Gallagher for its global reach, industry expertise, and comprehensive risk management services. Gallagher’s ability to offer tailored insurance solutions based on industry-specific risks and their commitment to providing risk management support can be valuable for businesses.
Financial Rating
Gallagher works with carriers that are rated by AM Best.
GEICO – Best for a restaurant with a food truck
Overview
GEICO is a reputable insurance provider that specializes in offering coverage for restaurants with food truck operations. With a comprehensive policy and easy-to-understand language, GEICO allows for customization, such as adding equipment breakdown coverage.
pros
- Online quoting
- 24/7 availability
- Bundling options
- Financial stability
cons
- Manual process for a certificate of insurance
Why choose it?
Restaurants with food truck operations can benefit from GEICO’s highly customizable policies, technological convenience, and strong financial backing. GEICO’s expertise in providing insurance for food carts and its nationwide availability make it a top choice for businesses in this sector.
Financial Rating
GEICO has the highest rating of A++ from AM Best.
Travelers – Best for a wide range of insurance coverages tailored for food truck businesses
Overview
Travelers is a leading provider of insurance for the food service industry, offering customized coverage options for food truck owners and operators. Whether you run a catering business, a mobile bakery, or a gourmet burger truck, Travelers can help you protect your assets, employees, and customers from the unique risks you face.
pros
- Customizable coverage options are available for your unique requirements.
- Access to industry-specific risk management resources and tools
- Experienced claims handling and customer service
- Competitive pricing and discounts for bundling policies
cons
- Limited online presence and functionality
Why choose It?
You should choose Travelers food truck insurance if you are looking for a reliable and reputable insurer that understands the unique challenges and risks of the food service industry. Travelers have been providing insurance solutions for food service businesses for over a century and have gained the trust of many food truck owners and operators nationwide.
Financial Rating
Travelers are one of the largest and most financially stable insurers in the U.S., with an A++ rating from AM Best.
FLIP – Best for instant coverage
Overview
Flip is a digital insurance provider that specializes in liability insurance for food trailers, including food truck owners and operators. Flip offers food truck insurance policies that can cover the risks of food contamination, customer lawsuits, equipment damage, and more.
pros
- Easy and fast online quote and purchase process
- Affordable and flexible coverage options to suit the food truck’s needs and budget
- Free and unlimited additional insureds for places where the food truck operates
- Instant certificate of insurance is available online.
cons
- No online policy management or payment options
- No other coverages are offered for food truck businesses, such as commercial auto or workers’ compensation.
Why choose it?
You should choose Flip food truck insurance if you are looking for a simple and affordable way to get food truck liability insurance. Flip can help you get a quote and purchase a policy online in minutes and customize your coverage options to fit your specific needs and budget.
Financial Rating
Flip works with carriers such as Veracity Insurance Solutions LLC that has AM Best ratings of A+ Superior.
Hiscox – Best for food trucks that provide online order service
Overview
Hiscox is a company that offers business insurance for various industries, including food businesses. Hiscox is a U.K.-based company that has been in the insurance business since 1901. It provides customized insurance solutions for small and medium-sized businesses, as well as professionals and consultants.
pros
- It offers flexible and tailored coverage options.
- Excellent customer service and claims handling.
- It provides online quoting, instant certificate of insurance, and online policy management for convenience and efficiency.
- It offers cybersecurity insurance as an add-on coverage for food trucks that take online orders.
cons
- It does not offer online quoting for all types of food businesses, such as caterers, and requires contacting an agent to finish the quote process.
- Product liability insurance is not available as a standalone coverage but only as part of a general liability policy.
Why choose it?
Hiscox is a good choice for food businesses that want customized and comprehensive insurance coverage that suits their specific needs and risks. Hiscox can protect various aspects of the food business operation, such as public liability, professional indemnity, business interruption, equipment breakdown, cyber risks, and more.
Financial Rating
Hiscox has a financial rating of A Excellent from AM Best.
Methodology
To evaluate companies for inclusion in our list of top food truck insurance providers, we conduct thorough research and analysis. We consider factors such as industry reputation, customer reviews, market presence, and specialized offerings. We analyze the types of coverage offered, assess their comprehensiveness and customization options, and review the financial stability of each insurer. This rigorous evaluation process helps us identify the best companies in terms of their offerings and suitability for food truck businesses.
FAQs
What types of insurance coverage do food truck insurance companies offer?
Food truck insurancecompanies offer various types of coverage, including commercial auto insurance, general liability insurance, product liability insurance, property insurance, workers’ compensation insurance, business interruption insurance, liquor liability insurance, and cyber liability insurance. These coverages are designed to protect food truck businesses from different risks and liabilities.
