Vape Shop Insurance UK

General shop insurance will offer cover such as buildings, contents and stock. However, you may need additional cover to protect against the specific challenges of stocking vaping equipment.

Yes it will. Your landlord should be responsible for the buildings insurance, but you will still have to pay for everything you own such as contents and business operations. Your landlord will probably also have to cover the cost of any contents he or she owns within the shop.  You will need to insure for injury to the public (public liability) or your staff (employers liability).

Theft is a common problem for all high street businesses. If you do suffer a break in, it is possible to insure against stolen items, and also damage to your glass. However, this must be specifically noted down in your insurance policy.  When you compare quotes with Brisco Business, you will be presented with a number of options from leading insurers and can choose the policy that suits your needs best.

There are some things you can do. The best advice is to shop around. At Brisco Business we’ll help you compare policies to find the right option for your requirements.

If you haven’t got public liability insurance for your vape shop, then you are at risk of having to pay compensation or legal fees if a claim is made against you. If a customer is injured in your shop, or becomes ill after vaping with one of the devices or liquids you sell, then you would have no financial backup in the face of a lawsuit.

The average public liability insurance premium in the UK costs approximately £120, but sole traders and small businesses (such as vape shops) can usually find insurance cheaper than that, with some insurance premiums costing only £40 a year.

There are many factors to bear in mind that affect the cost of public insurance though, such as the amount of cover, work premises, and your claims history.

Vape shops and other small businesses need insurance to cover them against day-to-day risks, such as stock or premises damage. If you have no cover, then you may be at risk of having to pay for costly damages and legal claims against your shop, which can have dire financial consequences.

No, it is not legally required to have public liability insurance in the UK. Actually, the only cover that is compulsory is employers’ liability insurance if you employ any staff.

However, the importance of public liability insurance for your shop should not be overlooked as it will cover the cost of any claims made against you.

If you don’t have employers’ liability insurance that complies with the law, then you could end up receiving a fine. It is legally required in the UK to have employers’ liability insurance from an authorised insurer that will cover you for at least £5 million. You could be fined £2,500 daily if you are not correctly insured.