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BASIC
Essential coverages for your tobacco stores
Includes:
STANDARD
When you also have equipment or operate from a store
All Basic plan benefits and:
PRO
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
CUSTOM
When you have specific requirements
ALREADY INSURED?
We will take care of the switching hassle.
Call us at (646) 844-9933 for help and more information
More than tobacco sales, people socialize in tobacco stores much like a cafe. Whenever customers spend time in your store, the liability risk increases because they are more likely to get hurt or damage your property. Also, if you sell flammable substances like lighters and refills, or allow smoking inside your retail space, the risk of your property catching fire is high. Tobacco products are a health hazard, so your store is always at risk of being sued. For these reasons it can be hard to get insurance for a tobacco store.
When your customer becomes sick or injured from using the tobacco products you sell, Product Liability insurance protects your store's profits. Say a customer files a lawsuit against your store claiming that the product you sold exploded on his face, causing physical damage. If the court rules in favor of the customer, you'll pay for the injuries, the defense costs and any additional settlement costs. Product Liability insurance will manage the finances to that lawsuit while you continue to manage your store.
Yes. It is required in most states and it covers the medical and/or rehabilitation costs in the event that an employee got sick or injured while working on your tobacco store.
No. You will need to purchase additional protection that will supplement your insurance policy. You'll need a flood insurance policy through the National Flood Insurance Program (NFIP).
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
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