Risk Strategies Company Launches Comprehensive Nationwide Insurance Program for Food Trucks

BOSTON, MA--(Marketwire - Oct 26, 2011) - Risk Strategies Company, one of the leading insurance brokers in the United States and its wholly-owned affiliate, Catering Truck Insurance (www.cateringtruckinsurance.com), today announced the launch of an insurance program dedicated to the rapidly expanding gourmet food truck industry. The program, which will be exclusively underwritten through the Chartis insurers, is available nationally.

The comprehensive insurance solutions from the Chartis insurers will include general liability, automobile, business interruption coverage, crime coverage, mobile equipment insurance and food spoilage coverage. Mobile food vendors will also have the option to combine coverages to gain significant cost efficiencies.

"Although insuring mobile food trucks is a niche business, the heavy regulation of the industry will help ensure the long-term sustainability of the program," said Matthew Carlson, Vice President, Risk Strategies Company. "Our relationship with Chartis is based both on its leadership position and willingness to be flexible and innovative in responding to the needs of this growing segment."

Risk Strategies Company, with ten offices nationally, currently works with an array of food truck operators from single trucks to multi-state fleets and has recently witnessed a surge of interest from gourmet food truck operators. Catering Truck Insurance was created to serve this emerging market in major metropolitan areas across the country. It has quickly attained recognition as a leader in the food truck insurance and risk management arena. Catering Truck Insurance is a resource for both well-established food truck operations looking for an insurance alternative as well as entrepreneurs taking all of the necessary steps to start their own food truck operations.

"Insuring food trucks is a highly specialized operation, due to the difficulty in verifying and tracking claims," said Melissa Meserve, Vice President and Chief Underwriting Officer for the Chartis division involved with this program. "Through our experience in the mobile food segment, we have developed a keen understanding of the market dynamics. We have worked effectively to help new operators get their businesses up and running and manage their expansion. We look forward to expanding our account base nationally through this new program."

About Risk Strategies Company
Ranked in the top 65 brokers in the country, Risk Strategies Company is a national brokerage firm distributing property and liability insurance and employee benefits insurance products to both privately held and publicly traded commercial clients.

About Chartis
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry's most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.