e-Cigarette Insurance Cost
Retail Insurance Cost Analysis
Irrespective of business size or policies purchased, the average cost of retail insurance for vape shops in 2014 was $890.95. The median cost was $750.00.
What they buy.
For Insureon's customers, the most popular General Liability Insurance policy is the $1M/$2M policy. Fully 85% of all Insureon clients buy the $1M/$2M policy. Insureon's e-Cigarette shop insurance customers go even farther. 100% of vape shops who buy GL through ION buy the $1M/$2M policy. Overall, our vape shop clients tend to stick with either a $1M/$2M GL policy or a BOP, which combines GL and Property insurance into a cost-saving package. Half buy General Liability, and half buy a BOP.
HOW MUCH IS
General Liability Insurance?
How much is General Liability Insurance for e-Cigarette Shops?
Vape shops pay significantly more for General Liability Insurance ($711.11) when compared with other retailers ($591.13) or with the entire pool of small businesses ($591.45) covered by Insureon. That increased cost is also reflected in the increased cost of business owner's policies for Vape Shops.
HOW MUCH IS
How much is a Business Owner's Policy for e-Cigarette Shops?
e-Cigarette stores pay significantly more for a BOP ($1,004.72) than do retail stores in general ($965.29), and like all retailers, pay significantly more than small businesses in general ($769.94).