As the business model has grown in popularity, one insurance company is trying to respond to industry needs.
To date, food truck owners have had to piece together separate policies from different insurers, including commercial auto, business owner and restaurant policies.
"That's just a headache," said
Rothfuss said he doesn't know of other companies packaging these offers together in a single policy.
In addition to vehicle and restaurant insurance, customers have the option to add business interruption coverage, which covers money lost when a food truck needs repairs and can't travel to serve food, and contamination and spoilage coverage for the food on board.
Rothfuss said Farmers is one of largest small business insurance providers in the country, especially when it comes to the restaurant market. Because of this, the insurance company has seen firsthand how food service has "evolved from just brick and mortar to having wheels."
"Food trucks have become part of our culture," he said.
Thus far, interest in the policy is "very strong" nationwide, Rothfuss said, and he expects over time it will reach the same market share as the restaurant market as a whole.
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