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Farmers Insurance, one of the nation’s largest multiline insurer groups, announced the launch of an innovative food truck policy, marking the company’s first foray into the growing food truck insurance marketplace. Through its new offering, Farmers has begun to offer licensed food truck owners a single policy that combines elements of commercial automobile coverage for their truck with a restaurant business owner policy.
Over the course of 2016, Farmers has introduced food truck insurance policies in a total of 29 states, with California being the last addition. The food truck policy is now available active in 29 states.
“At Farmers, we understand that consumer preferences and the needs of business owners are constantly evolving, and we are continuously looking for new ways to meet these changing demands for our customers,” says Jake Rothfuss, head of Commercial Multi-Peril and Commercial Auto at Farmers Insurance. “The increased popularity of food trucks is an example of the impact of shifting consumer preferences and it’s important for Farmers to be able to provide our business owner customers with the insurance they want to continue to be successful in this constantly changing economy.”
The innovative Farmers food truck policy will offer food truck owners the option to obtain coverage for their truck or a truck attached to the stand-alone store. Currently, food truck owners are often left to work with a complex mixture of separate policies, including commercial auto, business owner and restaurant policies provided by different insurers. By combining coverages into a single food truck policy, mobile food entrepreneurs now have the option to select one policy for their food business on wheels.
With this new policy offering, Farmers aims to solve the growing need for a single food truck policy that combines elements of a restaurant, business owner and commercial auto policy into one.
Farmers is making it simple for food truck owners to quickly and easily select the coverage they want by calling their local Farmers agent.