What are the other main insurance risks for a Vape distribution business?
Alongside products liability, you should also purchase cover against injury or damage to third party property in the form of public liability insurance, protecting against incidents such as slips, trips or falls to customers, delivery drivers or other visitors to your premises.
If you have any employees, regardless as to whether they are full or part-time, you are required by law to purchase employers liability insurance. Employers liability provides cover for legal costs and compensation payments following claims by an employee for injury or illness sustained as a result of their employment with your firm.
Alongside your liability insurance cover, you can also arrange cover for buildings, contents, stock and machinery. Protecting your inventory or stock in transit is another key risk for any wholesaler. Loss or damage to items which are being imported or exported to or from suppliers is likely to have a significant impact on your business. You should take time to understand where you are responsible for goods throughout the supply chain and we will ensure that appropriate insurance protection is arranged.