How much does business insurance cost for food trucks?

Food truck owners typically pay $105 per month for a business owner’s policy (BOP), or a median annual premium of $1,260. The median value eliminates high and low outliers, providing better representation of typical food truck 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 food truck’s location, operations, and value of business property and equipment. This policy may include business interruption insurance, which covers income lost at your food truck due to an unexpected closure.

Median cost per year: $1,260
Policy limit: $1 million per occurrence
Policy deductible: $1,000

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.

The median cost of workers’ compensation insurance is about $105 per month for a food truck, or $1,270 annually. The cost of a policy varies significantly depending on the state, your business operations, and the number of employees.

Almost every state requires workers' compensation insurance for food trucks with employees. Even when it's not required, it's a wise investment given your profession's high risk of burns, cuts, and other cooking injuries.

If you're injured on the job, workers' comp will cover medical costs and provide part of the wages lost during recovery. Most policies include employer’s liability insurance, which protects food truck owners when an employee blames their injury on unsafe working conditions.

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

Food trucks pay a median premium of about $45 per month, or $560 annually, for general liability insurance. This policy protects food trucks 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 own business property along with covering common business risks.

Median cost per year: $560
Policy limit: $1 million per occurrence
Policy deductible: None

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

The median cost of commercial auto insurance is $135 per month for food trucks, or $1,620 annually. This policy can cover vehicle theft and damages caused by some weather events and vandalism. It can also pay expenses related to third-party injuries and property damage if the driver of your food truck is held liable in an accident.

Median cost per year: $1,620
Policy limit: $1 million

Learn how coverage limits and other factors affect the cost of this policy on Insureon's commercial auto insurance cost analysis page.