It seems that almost weekly we are hit weekly with news of a tropical storm, wildfire or earthquake that is causing damage across the country. Catastrophic losses or “Cat losses” as we say in the business are to be expected to some degree and baked into most insurance rates. However, when cat claims get to be as significant as they have been in the past few years, reinsurance companies are forced to increase rates…
One of the most important insurance coverages for food trucks is also one of the most misunderstood… Mechanical breakdown or equipment breakdown insurance covers the cost to repair or replace damaged equipment. More importantly it can protect lost income because of the breakdown. Food trucks have many pieces of equipment that are necessary for day to day operation to stay in business.
Insurance rates in general have been mostly flat for a few years now. However, commercial auto insurance is on a rapid rate incline. There are many factors to the rate increases, but the primary driver is the new technology onboard vehicles and cost to repair them. Think about how much cars have advanced in the past few years… there are cameras, sensors, multiple screens, self parking, self driving even! A small “fender bender” that might have cost less than a thousand dollars is now averaging a few thousand dollars. Specialized labor and parts costs mean that you can’t usually repair a significant accident for less than $10,000. Insurance carriers have had to play catch up with rates in the meantime.
Choosing a color is important for your food truck's brand and identity. A color can suggest part of your company beliefs, traits and objectives or simply can grab some attention. Many people have the same natural responses to colors, so picking colors is part of creating a first impression. We've talked about food truck branding before, but below is a list of some of the most popular colors, what they tend to represent and some examples of popular food trucks and the colors they chose
Operating a food truck can sometimes mean operating a thin margin line where every dollar counts. Most of you don't have much time or patience to deal with insurance. You're busy trying run your business and managing your team. Many food truck owners don't realize that commercial insurance rates can often be negotiated depending on the risk. Here are five quick ways that you can possibly reduce your insurance premium and put more money in your pocket.
Food trucks have exploded with popularity over the past decade, it is now hard to go any crowded public place without seeing at least one. But besides serving roadside on busy streets, you probably have noticed that food trucks have been popping up at more and more events, large and small. This trend is awesome because food trucks are perfect for all types of gatherings. If you are thinking about getting a food truck for your next event, here are some tips to make sure everything goes smoothly!
Food trucks and breweries have become almost as synonymous as peanut butter and jelly or burgers and fires. People love their local brewers, but many breweries don't have food options. So gourmet food trucks and breweries have built a symbiotic relationship that boosts business for both all while satisfying the masses. Selling at a brewery can bring tremendous sales to your food truck, but it can be hard to get in if the brewery already has established relationships and food truck schedules. Here are a few ways you can secure your spot and secure steady income by working with your local brewers.