The Hartford doesn’t offer smoke shop insurance online, but a local agency or Tivly may be able to help you find the coverage you need. The following content includes information from various sources and can change over time.
What Is Smoke Shop Insurance?
Smoke shop insurance is another name for small business insurance. It’s a package made up of different types of business insurance coverages to help protect you from the risks you face as you run your shop. Also known as tobacco shop insurance, this coverage helps ensure incidents don’t turn into major disruptions or losses for your business. A bad shipment, a slip near a glass display or a broken humidor can cost your business more than just time.
Common types of coverage that may be part of a smoke shop insurance package can include:
- Business Owner’s Policy (BOP)
- Product liability insurance
- Cyber insurance
- Workers’ compensation insurance
Why Might You Need Smoke Shop Insurance?
Smoke shop insurance is a collection of coverages designed to help protect your business from costly setbacks. Whether a damaged shipment of glass arrives days before a promo or a team member gets injured while lifting a heavy crate, the right policy helps you recover quickly so you can keep your business moving.
Smoke shop insurance can help protect your business from many potential risks, like:
- Theft: A break-in after closing leads to thousands of dollars’ worth of missing inventory.
- Customer injury: A shopper trips on a floor mat and blames you for unsafe conditions.
- Income interruptions: A weather delay leaves you without stock and forces you to close during a high-traffic weekend.
Smoke Shop Insurance Coverages
When it comes to protecting your smoke shop or vape store, you’ll want to ensure you have coverage that matches your potential risks. Many smoke shop owners have a Business Owner’s Policy (BOP) for the peace of mind it can provide. It combines three types of coverage to help protect your smoke shop from everyday risks:
General liability insurance helps protect your smoke shop from claims that it caused bodily injury or property damage to others. For example, if a customer trips on uneven flooring and sprains their ankle, this coverage can help pay their medical bills or your legal costs if they sue you.
Commercial property insurance helps protect the owned or rented building you operate from, as well as the inventory, equipment and supplies you rely on. These can include:
- Display cases
- Product inventory
- Computers
- Furniture
- Humidor
Business income insurance helps replace lost income if you can’t operate because of covered property damage caused by fire, wind or theft. This can help cover your operating costs, like payroll.
It’s important to know that a BOP won’t cover every kind of claim you may face as a smoke shop owner. You’ll need to get other types of insurance to get more protection, such as:
Workers’ compensation insurance to help support your employees if they get a work-related injury or illness. It gives them benefits that can help pay for their medical bills or replace lost wages if they can’t work.
Commercial auto insurance to help protect your employees on the road when driving a personal vehicle for business. This insurance can help cover bodily injury or property damage claims from an accident you cause.
How Much Does Smoke Shop Insurance Cost?
The cost of smoke shop insurance varies because every business faces unique risks. Insurance companies may consider several factors when determining your coverage cost, including:
- Number of employees
- Location of your business
- Type of coverage
- Your claims history
- The limits you select for your coverage
Although The Hartford doesn’t offer coverage for smoke shops, here are the average costs our small business customers pay for common types of insurance. You can use this to help estimate your coverage costs:**
- BOP: $1,687 a year, or about $141 a month
- Stand-alone general liability insurance: $810 a year, or about $68 a month
- Workers’ compensation insurance: $1,032 a year, or $86 a month
The Hartford understands how important insurance is for small businesses. That’s why we connect you with Tivly, so you can get the coverage you need. To find out your specific smoke shop business insurance costs, get a free quote online through Tivly.
General Liability Insurance
“A customer slipped and fell in our store. She sued us, claiming we didn’t clean up the water.”
General liability helps cover claims that your business caused bodily injury or property damage to someone else.
Equipment Breakdown Insurance
“Our humidor stopped working, and we had to throw out a lot of our premium cigars.”
Equipment breakdown insurance helps cover sudden mechanical failure of key equipment like POS systems, humidors or climate-control systems used to preserve tobacco or CBD products.
Workers’ Compensation Insurance
“My store manager started feeling sick one night because of customers smoking in the building. I had to send her home, and she didn’t return to work until she felt better.”
Workers’ compensation insurance gives your team benefits to help them recover from work-related injuries or illnesses. It can help pay their medical bills and replace lost wages.
Hired and Non-Owned Auto Insurance
“I had to go pick up supplies and some inventory. As I was driving, I lost control of my car and swerved into another vehicle.”
Hired and non-owned auto insurance can help protect you on the road if you’re using a personal vehicle for work.
Commercial Property Insurance
“Someone broke into our shop and stole thousands in inventory overnight.”
Commercial property insurance helps protect your business' equipment, furniture and inventory from loss or damage caused by events like storms, fires or vandalism.
Commercial Auto Insurance
“My team got into an accident on the way to a promotional event. The car was in the shop for weeks.”
Commercial auto insurance can help cover property damage and bodily injury claims if an employee gets into an accident while driving a business-owned vehicle for work.
Get a Quote for Insurance for Smoke Shops
When something breaks, burns or backfires, insurance can help you bounce back faster and keep your shop running smoothly. Tivly can help you get a quote for the coverage you need.
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
The Hartford does not currently have a product available to provide the coverage described on this page. You are being referred to Tivly in an effort to connect you with a carrier who may provide this coverage. This link will redirect you to a third-party website, owned and operated by an independent party ("Tivly"). Any link you make to or from the Tivly website will be at your own risk. Any use of the Tivly website will be subject to and any information you provide will be governed by the terms of the Tivly website, including those relating to confidentiality, data privacy and security. The Hartford and its affiliates (collectively "The Hartford") do not endorse or approve and make no warranties, representations or undertakings relating to the content of the Tivly website. The Hartford assumes no liability for loss, damage and any other consequence resulting directly or indirectly from your access to the Tivly website or any information that you may provide on the Tivly website.
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