Vape insurance for shops, manufacturers & wholesalers

Yes, obtaining insurance is imperative for anyone involved in the sale of vaping products, regardless of whether you operate as a vape manufacturer, wholesaler, or retailer.

Having comprehensive insurance coverage like the policies we provide here at IC Insurance Solutions financially safeguards your business against potential liabilities arising from product defects, injuries, property damage, or legal claims. Without adequate insurance, your business is exposed to considerable financial risk and legal consequences in the event of unforeseen incidents.

Yes, as of the latest regulatory standards governing the sale of vaping products in the UK, a licence is mandatory for selling disposable vapes. Additionally, The Tobacco and Vapes Bill 2024 has amended existing regulations with stronger actions that must be followed for compliance. For example, this includes updating the current age of sale notices with the updated age restriction. It is advisable to consult with relevant regulatory authorities or legal professionals to ensure full compliance with licensing obligations.

Insurance brokers for vape manufacturers should consider a range of insurance policies tailored to their specific needs. These often include product liability insurance to protect against claims arising from product defects and product recall insurance to cover the costs associated with recalling faulty products. Separate from the manufactured vapes themselves, manufacturer's insurance will safeguard your facility and equipment against damage or loss that could happen during daily operations. Additionally, manufacturers may also benefit from business interruption insurance to mitigate financial losses resulting from unexpected disruptions to operations.

Vape wholesalers should prioritise insurance coverage that addresses the unique risks associated with their business activities. For example, employers' liability insurance covers injuries or property damage that occur on business premises or during delivery, and stock insurance safeguards against losses resulting from theft, damage, or spoilage of inventory. Additionally, if your wholesale business is open to the public, then public liability insurance will effectively protect you from any potential claims from slips and falls or other accidents involving the public.

Yes, online vape retailers should ensure they have appropriate insurance coverage that addresses the unique risks associated with conducting business online. This should include cyber liability insurance to protect against data breaches, online payment fraud, and other cyber threats, as well as transit insurance to cover goods in transit to customers.

We recommend discussing your business needs with our insurance brokers in Bolton to tailor the coverage to the specific needs of your specific online retail operations.

Yes, vape businesses selling e-liquids containing nicotine must comply with additional regulatory requirements and may need specialised insurance coverage.

In the UK, the sale of nicotine-containing e-liquids is subject to strict regulations under the Tobacco and Related Products Regulations 2016, which has since been amended with The Tobacco and Vapes Bill 2024. Additionally, insurers may require specific product coverage tailored to the risks associated with nicotine-containing e-liquids, considering factors such as toxicity, ingestion, and accidental exposure.