What insurance is required for a food truck in Vermont?

Typically, Vermont food truck owners pay $105/mo for a business owner's policy that includes general liability and property insurance. Food truck insurance rates in VT will vary and are based on your location and equipment value.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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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...

  • You can reasonably expect to enjoy great profits from the regular operation of your Vermont food truck business, but you should also anticipate potential risks and take steps to prepare for them with the purchase of insurance products
  • Vermont food truck owners pay $105/mo for a business owner’s policy that includes general liability and property insurance
  • Buying Vermont insurance products for your food truck business may be most affordable when you bundle coverage through the same provider and take advantage of a related insurance discount

Vermont is one of the most scenic states in New England, and it offers gorgeous landscapes for you and other residents and visitors to enjoy in all seasons.

When you operate a food truck in this northeastern state, you enable your patrons to enjoy scenic views while dining on your meals or snacks.

You may be able to expect to turn a substantial profit through the operation of your food truck business, but you also must understand and prepare for potential risks.

All business types face unique risks through their operations, and these risks include the following:

  • workplace injury risks
  • liability issues
  • auto-related risks

As a food truck owner and operator in Vermont, you may be required to buy some types of insurance, and you may choose to buy optional coverage because of the benefits that it can provide.

Understanding the legal requirements for insurance as well as any other lender-related insurance requirements that are imposed on your business is necessary in order to properly budget for the premium payments.

Your business plan can be used to identify potential risks that you may face through the operation of your Vermont food truck business, and you can also incorporate premium payment amounts for necessary insurance products into your financial projections in a business plan.

Before you take this important step, however, you should explore coverage options and their costs by contacting a few different business and auto insurance providers serving Vermont food truck owners like you.

Compare quotes for car insurance by using our free rate comparison tool above. Just enter your zip code to get started.

Coverage Available for Food Trucks in Vermont

Different types of Vermont auto, employee, and business insurance products are designed to help business owners like you comply with legal requirements in this state as well as reduce exposure to related expenses.

All business owners need to understand relevant licensing and insurance requirements in order to comply with state regulations, and you also should spend time learning about the benefits associated with buying optional insurance coverage.

Commercial Auto Insurance

As with many states, Vermont has mandatory auto insurance requirements that apply to all vehicles on the roads, and this includes your food truck.

Commercial auto coverage requirements in this state most heavily relate to liability insurance, which provides other parties with financial benefits if you cause an accident.

Because the minimum required coverage types and amounts for commercial vehicles in Vermont do not provide you with benefits for the repair or replacement of your own business vehicle, you should explore the benefits associated with optional coverage benefits.

What is Hired and Non-Owned Auto Insurance?

You may need to buy a hired or non-owned truck insurance policy in Vermont if you lease or rent a commercial vehicle that is used for business purposes.

Many food truck operators in Vermont buy their own truck, but if you lease a food truck from another person or business, you must obtain this special type of commercial vehicle insurance in order to comply with the state’s liability coverage laws.

Collision Coverage

The standard liability coverage requirements that food truck owners in Vermont are required to meet offer great benefits to other people if you cause damage or injuries while driving, but this standard coverage will not pay for any of the repairs required on your food truck.

Many business owners need to rely on insurance benefits to pay for repair fees or a truck replacement after a damaging event occurs. Keep in mind that collision insurance may be required by some truck lenders, and it only offers financial benefits for collision events.

Comprehensive Coverage

A collision is not the only type of event that could result in a loss for your Vermont food truck. For example, you could collide with wildlife, or your truck could be struck by lightning.

These are only a few of the damaging events that may be covered by a comprehensive insurance policy.

General Liability

Vermont businesses are exposed to liability risks while serving customers and performing other regular activities on a daily basis, and many business owners buy general liability insurance for financial protection against these events.

Keep in mind that you may be required to pay for any injuries or other losses that your business creates for others. General liability insurance offers you a way to pay for these expenses as well as any related legal fees that you may be responsible for.

Property Insurance

Vermont property insurance is not a legal requirement for food trucks in most cases, but you may prefer to add personal property insurance coverage to your auto policy.

With personal property insurance, you will enjoy financial benefits associated with the repair or replacement of damaged kitchen equipment, appliances, and other expensive items inside your truck.

In addition, some Vermont food truck owners who own the land where they usually park their food truck should buy real estate insurance.

This land may be improved with lighting elements, seating areas for guests, and more, and real estate insurance can pay for damages to improved areas on your land.

Workers’ Compensation

If you have even one part-time employee on your payroll, you may need to set up workers’ compensation coverage for your Vermont food truck business.

An employee could get injured at any time while working for you, and your business could be financially responsible for paying his wages while he recovers as well as for paying all related medical bills.

Workers’ comp benefits give you a convenient and affordable way to pay these required expenses.

Umbrella Policy

A Vermont food truck owner or operator could potentially benefit from an umbrella policy as well. Umbrella coverage notably offers employee benefits, but the benefits also extend to business coverage in different ways.

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Bundling Your Vermont Food Truck Insurance

Each unique type of food truck insurance that you need or want to buy could be purchased separately from a different provider, but there may be benefits associated with bundling coverage with one provider.

You could enjoy easier account management and save money with a bundled coverage discount. 

Smart business owners will analyze rate quotes for bundled and non-bundled coverage to identify the lowest rates possible for all types of business and auto insurance needed.

Enter your ZIP code into our free rate comparison tool today to find the coverage you need at the best price.

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