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How much does business insurance cost for food vendors?

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

Business owner’s policy costs for food vendors

Food vendors typically pay $60 per month for a business owner’s policy, or a median annual premium of $725. The median value eliminates high and low outliers, providing better representation of typical food vendor 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. Food vendors that have high-value equipment typically pay more for a BOP. This policy may also include business interruption insurance.

Median cost per year: $725
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about business owner’s policy.

Workers’ compensation insurance icon

Workers’ compensation insurance costs for food vendors

The median cost of workers’ compensation insurance for a concession stand is about $100 per month, or $1,210 annually. The cost of a policy varies significantly depending on the state and your business operations.

Workers’ compensation insurance is required in almost every state for food vendors 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 concessionaires against lawsuits related to workplace injuries.

Learn more about workers’ compensation insurance.

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

General liability costs for food vendors

Food vendors pay a median premium of about $30 per month, or $375 annually, for general liability insurance. This policy protects food vendors 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: $375
Policy limit: $1 million per occurrence
Policy deductible: None

Learn more about general liability 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 concession stand. 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 business risks specific to food vendors.

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