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How Does Program Insurance Work?
The FLIP policy is written through a Risk Purchasing Group (RPG), which provides each insured with their own dedicated limits. In addition, your policy will not have a deductible on the liability coverage. The FLIP policy provides general commercial and product liability coverage for your food vending business, and it includes inland marine coverage for your business's personal property. Building coverage is not included but can be purchased by contacting one of our customer service representatives at (844) 520-6992.
Purchasing your policy through FLIP will give you instant coverage and immediate access to your insurance documents. Your policy will be effective as soon as your payment processes. FREE unlimited additional insureds included.
The Following Limits Apply to Each FLIP Policy:
|General Liability Aggregate Limit
The most your policy will pay in a 12-month policy period for bodily injury and property damage claims that you become legally obligated to pay due to your business services.
|Products-Completed Operations Aggregate Limit
The maximum amount your policy will pay in a 12-month period for bodily injury and property damage claims that result from the products you use to perform your services.
|Personal and Advertising Injury Limit
The amount that your policy will pay for claims arising out of one or more of the following offenses:
|General Each Occurrence Limit
The maximum your policy will pay for a bodily injury or property damage claim that you become legally obligated to pay due to your business services.
|Damage to Premises Rented to You (Any One Premises)
Applies to damage by fire to premises rented to the insured; also applies to damage regardless of cause to premises (including contents) occupied by the insured for 7 days or less.
|Liability Deductible||NO DEDUCTIBLE|
|Business Personal Property / Inland Marine Limit (Any One Article / Aggregate)
Inland marine insurance covers tangible property that is movable or transportable in nature (e.g. supplies, equipment, or inventory) but excludes coverage for structures and items that are part of the structure.
|Business Personal Property / Inland Marine Limit (Per Occurrence) - Deductible||$250 DEDUCTIBLE|
For food trailers, general liability limits only apply if you add a Trailer Endorsement to your policy. (Trailer endorsement can be added during checkout).
**Please note that this is only a summary of your insurance coverage. All policies have specific terms, conditions, exclusions, and limitations. Please refer to the policy for a complete description of coverages. For a sample policy, please contact us at (844) 520-6992 or by email at firstname.lastname@example.org.
Business Personal Property
While liability insurance is crucial, we recognize that additional coverages may be necessary to protect your business. This is why your FLIP policy includes business personal property coverage, which is also known as inland marine coverage. Business personal property covers losses to property such as your supplies, equipment, inventory, and more. This liability and property package concept makes FLIP one of the most comprehensive policies on the market.
If you have a food trailer, a trailer endorsement will provide coverage if a third-party is injured in, on, or around your trailer while it is detached from your towing vehicle and parked on a premises, where you are a vendor. Many general liability policies exclude incidents that occur in or around a food trailer, so having the option to add a trailer endorsement is another unique and valuable feature of the FLIP policy.