Farmers Insurance has launched an innovative new policy that offers licensed food truck owners the opportunity to purchase a single policy that combines commercial automobile coverage for their truck with a restaurant business owner policy.
“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,” said Jake Rothfuss, head of business insurance for 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.”
With this new policy, Farmers said it aims to solve the growing need for a single food truck policy that combines the elements of a restaurant, business owner and commercial auto policy into one.
Farmers’ new policy is now available to food truck entrepreneurs and restaurateurs in 16 states, including Virginia, Utah, Oklahoma, Arkansas, Illinois, Texas and New Mexico. Over the course of 2016, Farmers said it plans to introduce similar food truck package policies in a total of 28 states.
Source: Farmers Insurance