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Compare ice cream truck insurance
You'll need a mix of coverage to protect both your truck and your business.
Buying ice cream truck insurance involves comparing a mixture of coverage for day-to-day operations, including for your truck, products, employees and business liability. While specialized insurance companies exist, most insurers only cover parts of your business. To get the best protection, you may want to compare standard business insurance along with another policy to protect your truck.
What does ice cream truck insurance cover?
You can choose insurance to cover a variety of situations, including:
Commercial vehicle insurance
Like with any other vehicle, you’ll need the proper insurance to drive your ice cream truck on public roads. You may need this coverage for your truck:
- Commercial auto liability. Covers any damage or injuries you cause to another car, driver or passengers, but does not cover any damage done to your vehicle.
- Collision. Protects you against any damage or loss to your vehicle if you or your employees cause an accident.
- Comprehensive. Offers protection against damage to your vehicle from fire, theft, vandalism, tornadoes, hail or other weather conditions.
- Medical payments. Pays medical expenses for you, employees or other passengers in your truck without having to prove who caused an accident.
- Underinsured motorist. Protects you from expensive repairs caused by underinsured drivers who can’t pay for damage they caused.
- Roadside assistance. Don’t let minor situations like a flat tire or lost keys interrupt your business.
You can also get insurance to cover the business side of your ice cream truck operations:
- Inland marine. Protects your goods or products from damage while driving your ice cream truck around town.
- General liability. Protects your business for damage it causes that aren’t related to your industry or profession, such as a customer slipping on an unmarked wet floor. Can include limited coverage for media and advertising.
- Public liability. Pays for injuries or damage that happens on your business property, like a customer getting hurt on your truck’s equipment.
- Product liability. Protects you if a customer gets sick or injured while eating your ice cream or other menu items.
- Business interruption. Fills in the gaps for lost income if you can’t work for a reason covered by your policy.
- Equipment breakdowns. Protects you from paying for repairs upfront if your equipment breaks down.
- Workers’ compensation. You may need workers’ compensation to cover you for employee injuries if you have more than one or two employees, but the requirements vary by state.
How much does ice cream truck insurance cost?
With all the business and commercial auto coverage you need, expect to pay several hundred dollars per month to insure your truck. However, your policy may cost less than buying business insurance for a brick-and-mortar ice cream store.
Your policy’s premium will depend on several factors.
- Value of your ice cream truck
- Locations where you sell
- Type of coverage chosen
- Number of employees and payroll amount
- Type of equipment used
Compare commercial insurance for your ice cream truck
How to get cheap ice cream truck insurance
You can reduce the cost of your insurance in a number of ways:
- Compare packaged and separate policies. Weigh the cost of buying business and vehicle coverage in one place or using two companies for each type of insurance.
- Improve your truck’s security. Park your truck in a secure location like a garage and consider fitting it with cameras and alarms.
- Park vs drive. Avoid racking up extra mileage by parking in strategic spots where customers can find you, rather than driving around. But consider whether reducing your driving would lower your income.
- Pay annual premiums. You can save money by paying your premium once a year rather than in monthly payments.
What should I watch out for?
Not every type of loss is covered by your insurance, or you may need more coverage than businesses that don’t insure vehicles or products. Consider these situations:
- Not enough liability coverage. Owning an ice cream truck involves multiple liability risks, and one type of coverage may not protect all the possibilities. Review your general liability coverage since it may include limited public or product liability.
- Poor road or weather conditions. Your business interruption coverage probably won’t kick in, unless a weather event or accident damages your truck. Plus, losing a day of work isn’t covered since your policy includes a waiting period after any event.
Since your ice cream truck serves as your business on wheels, you’ll need insurance that fills your needs with broad protection. Consider which business insurance companies give you the best benefits and bang for your buck.
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