Vape Insurance Applications

Basic Coverage:  Liability Coverage + Business Contents without *Product Liability (no coverage for exploding devices or health claims. 

 

Enhanced Coverage: Liability Coverage + Business Contents including *Product Liability (coverage for exploding devices or health claims).  Average premium $6,500

 

What is Product Liability?  

Regardless if you are the retailer, importer, wholesaler, or manufacturer; you are liable for the product which you sell .  In the event of an injury, all parties are named in the lawsuit and must hire their own defense counsel.  Litigation on vape cases take an average of 2.5 years.  Discovery (fact gathering) alone can cost you $25,000.  The average vape lawsuit exceeds $350,000.