What are the other main insurance risks for a Vape manufacturing 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 slipsm, trips or other incidents involving visitors or customers.
Should you engage any employees, 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 protection, you should also arrange cover for buildings, stock, machinery and contents. Protecting stock or raw materials in transit is another key consideration. Losing items which are being imported or exported to or from suppliers is likely to have a significant impact on your business.