A food delivery service is one of the fastest growing industries today. From meal prep companies to food service providers now offering delivery services, people like having food come directly to their home. If you have opened or plan to open this type of business, you'll need the right type of business insurance to make it possible. It only takes one mistake, one accident or one incident to leave your business at risk if you don't have the right type and amount of insurance in place. What does a food delivery service need to reduce risks?
Protecting Your Vehicle
A good place to start is with a reliable, high-value commercial auto insurance plan. This policy will need to include both property and liability insurance. Choose enough coverage to minimize risks associated with operating in your city. Whether or not you use a specialized vehicle with warming equipment on board or you simply use a car, your food delivery service cannot operate without at least one vehicle.
General Liability Insurance
Most food delivery services pickup food from restaurants and drop them off at a customer's home. It's that simple. Yet, you may need additional liability insurance beyond what is on your commercial auto policy. You'll need insurance that keeps your business safe from risks. This may include someone suing you, for example, for a mistake in delivery that leads to an allergic reaction. General liability insurance can help provide support against lawsuits, as well as settlements. Even a small business needs ample general liability insurance.
What Other Policies May You Need?
There are plenty of other types of insurance to consider based on the type of service you offer.
- If you have employees, you may need workers compensation insurance.
- If you operate out of a physical location, you'll need property insurance on that structure.
- Do you have specialized equipment? You may need equipment breakdown coverage.
The right type of business insurance for your food delivery service is specialized to meet the needs of your company. Keep in mind that the right type of insurance can help you to keep your company working even when an accident occurs. You can't afford to be without it.
We’ll help protect your business. Call Low Rate Insurance Agency at (817) 635-0375 for more information on Arlington business insurance.