Vape Shop Insurance - Help Is At Hand

Vape Shop Insurance

As a vape shop and e-cigarette retailer there are a number of risks you face that could affect your business. We have produced this page to highlight the most common exposures you face, provide advice to help mitigate your risks, and information on what insurance you should have in place. The right insurance should make sure that you are financially protected should the worst happen.

Employers’ liability exposure. Often claims arise from employees lifting and moving items incorrectly. This can cause back injury, hernia, sprain, and strain. We are seeing a rise in these types of injuries which often result in compensation claims against the employer.

Employers Liability is a legal requirement so your policy should respond, but there are actions you can take to reduce the chance of a claim arising. We recommend speaking to a good H&S advisor who will assist.

Call today on 0113 3904646.

E-Cigarette Insurance

Your public liability exposure. This is always a concern in a retail environment where the public visit your premises. To reduce incidents we suggest that all stock should be on shelves, or locked cabinets, that are easily viewable or accessible to customers. Floor coverings should be in good condition, with no frayed or worn spots on carpet, and no cracks or holes in flooring. Sufficient exits must be provided and be well marked.

Car parks and pavements need to be in good repair with snow and ice removed, and need to be generally level and free of exposure to slip and fall. If your business is open after dark, adequate lighting and appropriate security for the area must be present.

As a final protection we strongly recommend that any business that deals with the public has Public Liability insurance. This comes as standard on most vape shop insurance packages and is vital.

For more info contact Edison Ives.

Other Vape Shop Exposures

Property exposure. If an incident such as a fire occurs, substantial fire and water damage may result in your stock and contents being completely destroyed. Again a good vapeshop insurance package will cover your contents, stock and fixtures and fittings. Please make sure that you update your sums insured at least annually to ensure you are fully protected.

Crime exposure. Theft is a major concern in your sector due to the high value of the vape devices and liquids. It can occur from employee dishonesty or from a robbery.

Employee dishonesty is on the rise, and unfortunately, many owners only find out about employee theft when it is too late. The risk can be controlled through inventory monitoring, close control of the till, and disciplined controls. Theft prevention requires careful control of money kept on site and regular bank deposits. Appropriate theft controls such as alarms, locked cabinets, roller shutters lighting, and access to the premises should be in place.

Product liability. This is a specialist cover for your sector and very difficult to obtain. You will require this cover if you produce your own items or re-label items.

 Minimum recommended cover:

Request A Quote

A Little Bit About Us

Howe to get a quote?

To source the quotation, we just need to know a bit more about your vape shop. We will then go about obtaining quotes, and then provide you with the best solution for your e-cigarette shop. In addition, we won’t just source insurance, we are there to act as your business insurance consultant, and support your business where possible. If you are happy with the quote you can pay there and then, via BACS or by taking out instalments and spreading the payments out over 6 or 10 monthly payments.

Who are Edison Ives?

At Edison Ives we’ve built up decades of experience and a network of specialist vape shop insurance contacts. We have access to ‘broker only’ markets, niche markets, major markets, and specialist underwriting agencies. As we’re not tied to anyone, or owned by a big corporate, we use the markets we choose, meaning we go where we feel is best for you.

We’re an independent business, supporting other independent businesses. We’re a ‘different’ kind of insurance broker and we passionately support other small and medium sized businesses wherever possible. We protect your business as if it was our own.

When you deal with Edison Ives you will get a dedicated account manager. This will be the same person that arranges your quotation, speaks to you at renewal and should the worst happen co-manage your claim. All our account managers have a cap on how many clients they deal with to ensure that that personal service is never lost.

To discuss your insurance needs please call today on 0113 3904646, or visit our Contact Us page.

Our Clients Rate Us

Extremely helpful and at very competitive cost
Very efficient prompt response with personal service.
Excellent follow up with all queries covered.
Extremely helpful and at very competitive cost
I would be happy to use again and recommend
Sue Harrower Landlord
Absolutely thrilled
Absolutely thrilled with the service from Edison Ives Insurance Solutions. A friendly welcoming conversation led to an excellent value quote, far better than previous premiums paid. Tony was supportive, efficient and incredibly swift to ensure that the needs of our newly formed RTM company were met. Honestly, he surpassed my expectations and made the whole process a simple pleasure. I would recommend Edison Ives without any reservation. You will not be disappointed!
Chrissy Gisbey RTM Company
Amazingly helpful
We contacted Edison Ives on a recommendation. Tony the gentlemen who dealt with our insurance quote was amazingly helpful. The experience was straight forward and clear. He got us a deal we are very happy with. 100% better than our previous insurance broker. I would recommend these company to anyone in need of insurance, you will not be disappointed. Thank you Tony & Edison Ives 🙂
Laura Musgrove Business Owner
Over the Moon

I was referred to Edison Ives by the British Insurance Brokers Association and Tony was able to find an insurer that reduced my landlord cover from over £1300 to £495. I was over the moon and Tony made it all easy and straightforward. I would have no hesitation in recommending them to others.

Marcus Whawell Landlord
Right to Manage Insurance

As leaseholders we took the rights to manage our own flats. Not knowing anything about what needs to be done, Edison Ives (Tony) was of very good advice and guidance in taking out a building insurance for our flats. Clearly the personalised and trustworthy approach made us decide to work with them (as well as the money they made us save). I would highly recommend them to anyone taking on their rights to manage! Thanks.

Leib Nicholas Right to Manage Leaseholder
Solved the problem at a good price

I had a lot of problems trying to insure my rental new build flat, these guys were very courteous and solved the problem for me at a good price.

Sam W Property Owner
Absolutely Five Star!

I found Edison Ives while searching for home insurance which would provide cover for a house which shares the property with a home-based boarding kennel business. Tony was able to find me a very competitive package, and walked me through the whole process step by step. Tony could not have done more to help me, and for a new-start business his help and advice was invaluable. Absolutely Five Star!

Sarah Grint Boarding Kennel Owner
Exceptional Service

Customer service exceptional. Thanks to Edison Ives we got a competitive price for our block of flats insurance. Following that we had a claim and Ged helped us with this from start to finish. I would highly recommend.

Bridget McKinnon Property Owner
Really very helpful

Really very helpful. After having a claim in 2016, our premiums were extremely high. Edison Ives have found us a higher policy at a cheaper rate that our previous insurers.

Anonymous Fish & Chip Shop Owner
Who knew insurance could be fun?!

Ged gave me comprehensive advice in simple English and I now feel reassured that I have the right cover at the right price. He understands me and my business and is a joy to deal with. Who knew insurance could be fun?!

Ellan Campbell-Swann Owner - PR and Events Agency
Easy to deal with and professional

Very easy to deal with and very professional. So much better than dealing with the massive impersonal call centres, and Edison Ives still came back with a better premium. As with all insurance, it's not the buying but the claims process that's important. I get the feeling that should a claim be necessary they will do everything possible to support.

T.J. Property Owner - Residents Association Chair
A Trusted Insurance Partner

As the Director and owner of Edmonds Recruitment, it was essential to me to be able to find a trusted insurance partner to help me find the right Business Insurance that worked for me and my industry. I highly recommend using Edison Ives and specifically Tony Suryavansi. He will take the time to listen and answer any questions you may have about your policy and should you need him in the future, Tony makes himself readily available for ongoing advice.

Kath Edmonds Recruitment Director
Saved me £100s

Excellent service. They saved me 100s of pounds on my building insurance policy!

Harjoth Sekhon Property Developer
Really impressed

I was really impressed with Edison Ives. They bent over backwards to arrange our business insurance. Nothing was too much trouble for them and they were a pleasure to deal with.

Richard Gould Property Investor
Really Helpful

I can highly recommend Edison Ives. They have got me a really good price on my restaurant insurance and been really helpful throughout. Thanks a lot, I'll be moving all my insurance to them this year.

Tom Restaurant Owner
Made it simple

I find insurance documents long, complex and full of jargon. Thankfully Edison Ives' picked out the key points and communicated them clearly.

Amarjit Builders merchants
Thanks

I had been with my broker for a number of years and I never realised I was paying more than I needed to. Edison Ives went through my existing policy, highlighted that I was under insured, and then they managed to source a new package that provided a lot more cover at a similar price.

Cieran Surveyor