Never Pay for a Certificate of Insurance and Other Food Truck Insurance Tips | FTE Episode 012

Odds are insurance isn’t a topic that is top of mind for you as a food truck owner… until you actually need to use it. In episode 12 of the FoodTruckEmpire (FTE) podcast we speak with Jonathan Rausch, an insurance agent in Florida that specializes in insuring food trucks. To date, he’s helped over 50 trucks protect their investments.

In this FTE exclusive, Rausch shares his insights into coverage for food trucks along with common-sense advice for lowering your monthly rate. This episode provides insights for food truck owners looking for their first policy or existing vendors.

Already have a policy? Here are the three things you should be evaluating with your policy to ensure you’re getting the best value:

1.) How much are you paying now? Shop around to see if you can find a better deal… just like regular car insurance. You can find out if you’re paying too much for your existing food truck insurance by completing this form to get a no-obligation quote online.
2.) Are your certificates of insurance free? If not, you should consider going to another carrier that provides these at no cost.
3.) Commercial auto policy – This area represents your best opportunity to find discounts.

New truck owner looking for insurance for the first time? Here’s what you’ll need:

1.) Commercial Auto Insurance: This protects the vehicle and is similar to traditional automobile insurance you might have.
2.) Business Insurance: This protects you from liabilities such as a customer tripping and falling over a food truck while its parked. This also protects your business from food poisoning claims. According to Rausch, these filings are extremely rare in the industry.

What You’ll Learn

  • How to get a lower rate on food truck insurance
  • The one thing every policy should contain
  • The questions you should be asking your truck insurance company
  • The types of insurance coverage each food truck needs

Show Mentions – This is Jonathan’s insurance company. Visit the website to learn more about coverage options in the state of Florida.

Florida First Insurance – The Facebook page of Florida First Insurance.

The Rolling Stove Food Truck – Serving South Florida residents, this is the first truck that Rausch provided insurance for.

Food Truck Funding Poll – Learn the top ways entrepreneurs are funding their business ventures. Hint: It’s not with KickStarter.

Next Week

Next Friday morning I’ll be interviewing another food truck entrepreneur. As you know by now, that’s kind of my thing. In the meantime, feel free to leave us a 5-star iTunes review and provide any feedback either on social media or by email. Your emails and messages give me most of the topics at this point.

I hope to see you back here next week.

About Support Staff

Brett Lindenberg is the founder of Food Truck Empire and Food Empire Pro. Brett's mission is help to entrepreneurs start and grow profitable food businesses. Since 2014, Brett has interviewed over 100 entrepreneurs on the Food Empire Pro podcast and written hundreds of blog posts on all aspects of food business. Brett has been quoted in media outlets like Entrepreneur Magazine, CNBC, and The Washington Post.