Game Truck Business Insurance
Getting insurance for your game truck business is essential.
Game truck businesses need to be protected against things like claims of personal injury, property damage, and contractual breaches.
For example, a customer may accidentally injure themselves while playing inside the truck, or you may get into an accident while driving the truck to an event.
We’ll help you find the most personalized and affordable coverage for your unique business.
Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.
Best Insurance for a Game Truck Business
General liability insurance is — generally speaking — one of the most important insurance policies for game truck businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
In order to consolidate your business coverage, your game truck business may interested in some of the following insurance policies:
- Commercial auto insurance
- Commercial property insurance
- Workers’ compensation insurance
The insurance providers you can purchase coverage for your game truck business from are often divided into two primary groups:
- Traditional brick-and-mortar insurers — Firms such as Hiscox and Nationwide fall into this category. In addition to the reputation and long histories firms in this category typically share, they are also known for operating from physical stores and charging quite a lot for their services.
- Online insurers — Firms such as Next and Tivly fall into this category. While generally characterized by operating online and using AI instead of insurance agents, the primary advantage shared by insurers in this category is their ability to offer far more cost-effective quotes due to their business structure.
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Cost of General Liability Insurance
On average, game trucks in America spend between $450 - $1,000 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a game truck business to other professional industries using the graph below.
Several factors will determine the price of your policy. These include your:
- Location
- Deductible
- Number of employees
- Per-occurrence limit
- General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.
A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.
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Common Situations That General Liability Insurance May Cover for a Game Truck Business
Example 1: While stepping out of the game truck, one of the party goers falls and breaks his arm. Your general liability policy should cover medical expenses as well as any damages awarded.
Example 2: Your company logo is similar to another company operating in a neighboring town. They have a copyright on their logo and are suing, claiming copyright infringement. General liability can pay for the legal fees as well as potential payouts.
Example 3: A customer claims one of the gaming trucks scraped their car at a party your company was working. The customer wants you to pay for the damage. A general liability policy is designed to handle these types of expenses.
Other Types of Coverage Game Truck Businesses Need
While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:
Commercial Auto Insurance
Since your business operates out of vehicles used on public roadways, a commercial auto policy should be included in your insurance package. Each state mandates a minimum amount of coverage a business must purchase.
While your state requires a minimum amount of coverage, game truck businesses are encouraged to purchase increased limits, offering additional protection for a covered loss.
Commercial Property Insurance
Game truck businesses invest in a large amount of equipment, retrofitting each vehicle as a mobile game room. Work with your insurance agent to ensure that equipment is properly covered should a loss occur. Business owners who do not own a brick and mortar location should inquire as to the best policy to meet their needs.
Commercial property insurance is often purchased as part of a business owner’s package (BOP).
Workers’ Compensation Insurance
Most states require businesses with employees to cover their workers under a workers’ compensation policy. If an employee is injured on the job, their medical bills and lost wages would be covered under this policy. Should they choose to seek additional damages, the policy would protect you up to the limits of the policy.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your game truck business:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
- Stay up to date with business licensing.
- Maintain your corporate veil.
Game Truck Business Insurance FAQ
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.
"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.
Yes. For your game truck business to be able to be safe from the many inherent risks it is likely to face, acquiring business insurance from the outset is key.
In some cases, business insurance is not just a beneficial tool but also a legal requirement in order to operate legitimately. It is very common for specific policies (e.g., workers’ compensation and commercial auto) to be required.
Not necessarily. Certain exceptions may be written directly into your game truck business insurance policy, and some perils may be entirely uninsurable.
Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.