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How much does business insurance cost for caterers?

The cost of catering insurance depends on the policies you choose, the risks your catering business faces, the value of your equipment, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.
Business owner’s policy icon

Business owner’s policy costs for caterers

Caterers typically pay about $70 per month for a business owner’s policy, or a median annual premium of $845. The median value eliminates high and low outliers, providing better representation of typical catering insurance costs than the average value.

A business owner’s policy bundles general liability insurance with property insurance, usually at a discounted rate. Pricing is determined by your company’s location, operations, and value of business property. High-value equipment generally leads to higher premiums. This policy may also include business interruption insurance.

Median cost per year: $845
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about business owner’s policy.

Workers’ compensation insurance icon

Workers’ compensation costs for caterers

The median cost of workers’ compensation insurance for a catering business is about $90 per month, or $1,070 annually. The cost of a policy varies significantly depending on the state and your business operations.

Workers’ compensation is required in almost every state for catering businesses with employees. This coverage helps pay medical fees and lost wages for employees who are injured on the job. Most policies include employer’s liability insurance, which protects caterers against lawsuits related to workplace injuries.

Learn more about workers’ compensation insurance.

Compare catering insurance quotes from top U.S. carriers
General liability insurance icon

General liability insurance costs for caterers

Caterers pay a median premium of less than $40 per month, or $465 annually, for general liability insurance. This policy protects catering businesses against customer injuries and customer property damage, along with advertising injuries.

Insureon’s licensed agents typically recommend purchasing a business owner’s policy, which bundles general liability insurance with commercial property insurance at a discounted rate. A BOP protects your catering equipment along with covering common business risks.

Median cost per year: $465
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about general liability insurance.

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Commercial auto insurance costs for caterers

The median cost of commercial auto insurance is about $80 per month for caterers, or $950 annually. This policy can pay expenses related to injuries and property damage if someone driving your catering vehicle is held liable for an accident. It also covers vehicle theft, vandalism, and damage caused by weather.

Median cost per year: $950
Generic policy limit: $1,000,000

Learn more about commercial auto insurance.

Get free quotes and compare policies with Insureon

Insureon’s licensed agents work with leading U.S. carriers to find coverage that fits your catering business. Apply today to compare multiple quotes with one free online application. If you decide to purchase a policy, you’ll work with an account manager who specializes in the business risks of caterers.

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