Why You Need Vape Manufacturer Insurance?
When you are running a business, being prepared for the unforeseen is always a good idea. Here is why you should consider vape insurance:
Whenever a customer opts to file a consumer complaint, they will consider the name on the label. If your business’s name is on the label or you have made any alterations to the product, you will be held liable.
Defending your business against allegations can take a toll on your finances. Court fees, costs of proceedings, expenses and legal charges may cost your business tens of thousands of Pounds.
Investigations by Regulators
The vape industry is growing in the UK but so is industry-wide regulation. Investigations and fines are becoming more prevalent.
You will be held liable for any harm or injuries caused by an unsafe product. Your customers have the liberty to sue you or prosecute you.
With a vape manufacturer insurance, you can cover yourself against prosecutions and related legal costs.
Affordable Risk Mitigation
One of the advantages of vape insurance with IC Insurance Solutions is that you will get comprehensive coverage at very competitive premiums.
The introduction of TPD has necessitated compliance with stringent industry and safety standards for e-liquid businesses.
IC Insurance Solutions has partnered with competent compliance firms to handle this for you. Our partner firms will appoint a seasoned Account Manager who can navigate your business through pending TPD or FDA costs in an effective manner.