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Why do I need to insure my food van?

So you’ve bought yourself a food van, congratulations! Running a food van can be an exciting and profitable business that can take you many places to meet many people.

As you start out on your business journey there will be a lot to consider, from where and when you want to sell, to what food or drinks you want to provide, to how you want to kit out your food van and what your point of difference will be. You’ll also need to consider business concerns like regulations, permits and licenses, staffing, accounts, food safety and insurance. 

But why do you need to insure your food van? In this blog post, we'll explore why insuring your food van is a smart idea and how it can benefit you in the long run.

Food Van Insurance Protects Against Accidents and Liability Claims

Accidents can happen, no matter how careful you are. In the food industry, accidents can lead to injuries or illnesses caused by contaminated food or cooking equipment. In a food van, the limited space and varying locations can often increase risk to staff and customers.

Liability claims can be expensive and can damage your reputation. Insuring your food van can protect you against accidents and liability claims by covering legal fees, medical expenses, and compensation claims.

Food Van Insurance Covers Your Assets

Your food van is your biggest asset and source of income. Any damage to your van or equipment can disrupt your business and cost you money. Insuring your food van and specialist equipment can cover the cost of repairs or replacement, but did you know that some types of insurance, business interruption insurance, can even cover lost earnings?

Buying the right type of insurance may cost you up front, but can save you large sums of money, and even continue providing you income, in the case that your food van is out of action. The right insurance can easily be the difference between your business continuing on or having to fold.

Food Van Insurance Helps You Comply with Local Regulations

Many Local Government Areas require food truck businesses to have insurance coverage before they can obtain a permit or license. Without insurance, you may not be able to operate legally and your business will be excluded from the most profitable locations and events. Having insurance can help you comply with local regulations, open up new business opportunities and avoid penalties or fines.

Be sure to contact your Local Government Area to find out what other requirements they have for food vans.

Food Van Insurance Gives Peace of Mind

Food Van Insurance Gives Peace of Mind

Running a business is stressful, and having insurance can provide peace of mind. Insurance payments can be factored into your budget in advance, and allow you to develop a successful business plan rather than potentially being delivered a knock-out financial blow.

Knowing that you're protected can also give you the confidence to fully invest in and focus on your business. So you want to get an amazing coffee machine or stand-out signage? Insuring your van to cover your fixtures and fittings means you won’t lay awake worrying if you’ve parked it securely enough. The right policy will cover exactly what insurance you need for your food van.

So, why do you need to insure your food van? So that you can enjoy the ride, and serve your customers without worrying about the what-ifs.

General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Aimee Henderson, Grace Insurance, ABN 63 133 156 742, AFSL 233750

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