What insurance is required for a food truck in South Carolina?

Food truck insurance in South Carolina typically consists of an owner's policy that includes general liability and property insurance. Compare quotes online to save money.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Sep 15, 2020

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Here's what you need to know...

  • Many of the risks that you may face while running a South Carolina food truck business could be mitigated through the right combination of business and auto insurance policies
  • If you are preparing to launch a South Carolina food truck business soon, you may benefit by preparing a business plan that outlines all insurance expenses that you need to mitigate possible risks and to comply with legal and lender insurance requirements
  • Many South Carolina food truck owners will buy auto, business, employee, and other types of insurance to meet all of their needs, and some will bundle coverage to save money through a bundled policies discount

With its warm, southern climate prevailing most of the year as well as its incredible natural beauty, South Carolina has the ideal features that are perfect for running a food truck business.

Many food truck customers enjoy the casual dining experience that these trucks offer, and they also love to eat outdoors or while on the road enjoying South Carolina’s scenic beauty.

If you have plans to open a new food truck business in South Carolina soon, you may already be planning your menu and deciding how to price your entrees.

While these steps are important for any food truck business owner to take, you also need to create a detailed business plan for a South Carolina food truck.

This business plan ideally will identify potential risks that you could face through daily operation of your new business venture, and it should determine which types of insurance could offset these risks and expenses.

There are state and lender insurance requirements that you may need to comply with as well.

The costs associated with buying multiple types of auto and business insurance coverage for your South Carolina food truck should be detailed in your business plan as well.

You need to verify that your business will support these costs and will still turn a profit after you pay these expenses.

You’ll need auto insurance, and comparing quotes is the quickest way to see several companies’ rates at one time. Enter your zip code above to begin shopping!

Coverage Available for Food Trucks in South Carolina

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You may be wondering what specific types of insurance are required or recommended for a South Carolina food truck. Multiple insurance products are available through many reputable lenders, but you may find that not all products are relevant to your situation.

After you learn more about the potential requirements for some of these insurance options and about the benefits of optional insurance products, you can better determine how to mitigate risk with your new business venture.

Commercial Auto Insurance

In South Carolina, all drivers must take financial responsibility for damages they cause while driving, and this includes damage caused by your food truck.

To ensure compliance with this law, South Carolina requires all drivers to obtain a minimum amount of liability insurance.

Liability insurance is a standard component of a typical commercial auto insurance policy, and you will need to buy at least a modest policy that complies with state regulations in order to legally drive your food truck throughout the state.

Hired and Non-Owned Auto Insurance

A typical commercial auto insurance policy in South Carolina is intended for food truck operators who own their truck, but you may be one of many food truck operators who lease your truck from someone else.

A leased or rented commercial vehicle requires special insurance coverage in this state. You should price out the purchase of hired and non-owned auto coverage for your food truck as part of your business planning efforts.

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Collision Coverage

South Carolina’s legally required liability insurance can be used to pay others for the damages you cause while driving your food truck, but benefits will not be provided to pay for your truck’s repairs or for a full replacement.

Collision insurance may be required by some truck lenders, but it is advantageous to buy even when not required. This food truck insurance pays for professional repair work or for a full truck replacement if you are involved in a collision with your commercial vehicle.

Comprehensive Coverage

A collision may be the primary source of damage that you think about when planning for food truck risks, but remember that theft, wildlife damage, severe storms, and more can also cause financial loss related to your commercial vehicle.

Comprehensive insurance can be purchased in addition to collision insurance, and this insurance product may be required by a food truck lender in some cases.

General Liability

Your food truck in South Carolina may be exposed to liability risk while you are driving it, but there are also risks associated with actually running the business and serving your customers.

General liability insurance for a food truck can be purchased to help you prepare for potential legal situations and other issues that may arise in relation to operational activities rather than driving activities.

Property Insurance

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A personal property rider can be incorporated into the structure of your food truck’s auto coverage.

Collision and comprehensive insurance only provide benefits for the repair or replacement of the vehicle itself, and you may also need personal property insurance to pay for the expensive appliances and other personal property inside the truck.

In addition, some food truck owners rarely drive their vehicle throughout South Carolina, and instead, they park it on land that they own.

If you own dedicated land for your food truck business and if this land has special improvements or developments, you may need to insure the improvements against loss, damage, and more through a real estate policy.

Workers’ Compensation

Some people work in their food truck in South Carolina daily and have no need to hire support staff, but others hire at least a few part-time or full-time workers.

Regardless of how few workers you have or how little they work, they could be injured on the job through many different things including:

  • falls
  • accidental knife cuts
  • burns

Workers’ compensation insurance gives your food truck business in South Carolina the financial means to be responsible for related injury expenses, such as medical bills and more.

Umbrella Policy

If you are looking for a convenient and affordable way to provide your South Carolina food truck employees with benefits, buying an umbrella policy is a great idea.

With an umbrella policy, your business will have full access to employee-related benefits as well as other types of business insurance benefits.

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Bundling Your South Carolina Food Truck Insurance

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There are several ways to buy the South Carolina food truck insurance that your business needs, including setting up separate policies or bundling the coverage together with one provider.

In some cases, it is more affordable to buy separate policies. However, when you bundle, you could use a bundled policies discount, and you could enjoy streamlined financial management. Explore both options thoroughly before you decide how to buy the coverage you need.

Compare car insurance quotes today to find the coverage you need at the best rate. It’s fast and free and carries no obligation. Enter your zip code below to get started.

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