Our experts understand the challenges of owning a smoke/vape shop, as we helped to pioneer insurance for the industry.
Smoke & Vape Shop Program
Coverage designed by those in the smoke and vape shop business.
The team at Breckenridge Insurance understands the challenges of smoke and vape shop owners as our program was created by an innovator in this unique and emerging industry. With an AM Best A XV Rated Carrier, we deliver a program solution that supports industry growth while protecting the interest of those pioneering this space.
Retail Agents: Don’t see a fit for your risk in this program?
Reach out to one of our Breckenridge brokers here.
- Simple transition process if currently insured
- Receive a quote within one business day
- Responsible and reliable claims handling
- Smoke shops that sell cigars, cigarettes, CBD, vaporizers, including smoking-related paraphernalia and gifts (including batteries, chargers and related items)
- Stores up to 7,500 square feet
- Gross receipts up to $5MM per store location
- $1,800 Minimum Package Premium
- Included: General Liability, Property, Business Personal Property, Loss of Income, Personal & Advertising Injury
- Property coverage up to $2MM with deductible options from $1,000 to $5,000
- General Liability coverage up to $1MM per occurrence and $2MM aggregate
- Available: Theft sublimit up to $30,000, Sign, Glass and Electronic Data Processing Hardware, Property Enhancement Endorsement
- Workers’ Comp coverage available in certain states
- Product Liability available in the following states – AZ, AK, OR, WA, CO, OK, NV, NM, MD AR, AK, MO, PA, MI & MT
- Coverage Limitation – Health Hazards, Electronic Smoking Device Vapor – Unendorsed policy excludes Health Hazards. This endorsement provides limited health coverage up to a maximum of $50,000.
- Coverage Limitation – Batteries – base coverage. Provides limited battery coverage up to a maximum of $50,000. Batteries must be UL 8139 compliant to qualify for coverage.
- Coverage Limitation – Batteries Expanded – Provides limited battery coverage up to a maximum of $25,000. Endorsement removes UL 8139 compliance requirement and adds a list of excluded manufacturers to qualify for coverage.
- Products Completed Operations is Claims-made
- Completed application
- Loss runs 2 years
- For added coverage options, additional forms may apply
Features
- Simple transition process if currently insured
- Receive a quote within one business day
- Responsible and reliable claims handling
Classes
- Smoke shops that sell cigars, cigarettes, CBD, vaporizers, including smoking-related paraphernalia and gifts (including batteries, chargers and related items)
- Stores up to 7,500 square feet
- Gross receipts up to $5MM per store location
Coverages
- $1,800 Minimum Package Premium
- Included: General Liability, Property, Business Personal Property, Loss of Income, Personal & Advertising Injury
- Property coverage up to $2MM with deductible options from $1,000 to $5,000
- General Liability coverage up to $1MM per occurrence and $2MM aggregate
- Available: Theft sublimit up to $30,000, Sign, Glass and Electronic Data Processing Hardware, Property Enhancement Endorsement
- Workers’ Comp coverage available in certain states
- Product Liability available in the following states – AZ, AK, OR, WA, CO, OK, NV, NM, MD AR, AK, MO, PA, MI & MT
- Coverage Limitation – Health Hazards, Electronic Smoking Device Vapor – Unendorsed policy excludes Health Hazards. This endorsement provides limited health coverage up to a maximum of $50,000.
- Coverage Limitation – Batteries – base coverage. Provides limited battery coverage up to a maximum of $50,000. Batteries must be UL 8139 compliant to qualify for coverage.
- Coverage Limitation – Batteries Expanded – Provides limited battery coverage up to a maximum of $25,000. Endorsement removes UL 8139 compliance requirement and adds a list of excluded manufacturers to qualify for coverage.
- Products Completed Operations is Claims-made
Submission Criteria
- Completed application
- Loss runs 2 years
- For added coverage options, additional forms may apply
Contact
Alyssa Manders, CIC, CPL
Assistant Vice President, Underwriter
Madison, WI
Cannabis, CBD and Vape Shops
Office: (312) 521-8969
“Again, I want to thank you for all your help! I really do appreciate it. I don’t think there are many companies out there who would be willing to work with us as much as you did!!”
Insurance Agency Office Manager
From The Blog
Smoke & Vape Shops was last modified: November 4th, 2024 by