Ice Cream Truck Insurance Cost
Ice Cream Truck Insurance Cost
Summer and ice cream trucks go hand in hand, but if you run an ice cream truck business, you will know that days are not always carefree. There are risks in every corner, especially when children are part of the excitement. Protecting your ice cream truck business is not difficult. Once you understand some of the main insurance coverage you need, you can start the job of putting a smile on faces.
So how much does ice cream insurance cost?
The cost of insuring your ice cream truck or mobile food business depends on a number of personal factors, including your condition, driving history, claim history and other relevant considerations. Moreover, the coverage you choose will also affect your rates
The trucking industry is the U.S blood as the whole economy depends on delivering goods and services. Primarily, road transportation is the most basic form of transportation within a country. Among all commercial vehicles, trucks are a popular vehicle used in road transportation to transfer goods and services. Trucks are comparatively bigger and prone to accidents and damages; hence you need good trucking insurance.
Why is Ice Cream Truck Insurance Important?
According to an article published by Business Insider, it shows that the trucking business is worth billions of dollars and hires more than 5% of the total workforce within the entire country. Secondly, it transports 71% of the entire shipment in the US.
What is the ice cream truck Insurance cost attached to trucking insurance?
Trucking insurance is generally expensive because of the nature of the job. Commercial trucks are always on the move and are a high-risk business. Therefore, the premiums are higher. Some factors determining the premiums are as follows:
- Credit history
- The driver’s experience and licenses
- The price of the truck
- Driving record
- Type of product your business ships
- Operating areas
Get your business trucking business insured. For more information, How Much Is Insurance For A Truck Driver gives you the other required detail. Also, follow our other insurance blog if you need information on insurance agents when you want the best policy to choose.
Coverages included with ice cream truck insurance cost
General Liability Insurance
General liability insurance simply pays for any insurance claims like property damage, medical expenses and other injuries arising from your business operation. Nevertheless, it only provides coverage when you as an insurer are liable in an accident.
Worker’s Compensation Insurance
Worker’s compensation insurance is mandatory in almost all states. It pays your workers for lost wages, medical expenses, rehabilitation costs, and so on. A single driver transports a significant amount of shipment; thus, one’s well-being is in the business’s best interest.
Commercial Umbrella Insurance
Commercial umbrella insurance covers you if your current plan is not enough to cover up losses incurred. For example, if you are at fault in an accident and the goods damaged are significantly more than your limit. Commercial umbrella insurance will cover all the excess costs because your existing plan will be out of coverage dur to exceeding costs.
Different trucking insurance for different trucks:
Listed below are multiple types of insurance available for businesses with different types of trucks:
- Semi-truck insurance (18 wheelers or tractor-trailers)
- Tank truck insurance
- Garbage truck insurance
- Box truck insurance
- Tow truck insurance
- Commercial dump truck insurance
- Car haulers and auto trailers insurance
- Flatbed truck insurance
Additionally, if you want to know you chose a successful insurance agency, you should understand the fundamentals of the agency management system, insurance agency management system, and insurance software.