The popularity of vaping continues to grow in the UK. But recently news has focussed on the uptake of vaping in younger age groups.
A study by NHS Digital found that 1 in 5 15 year olds were using e-cigarettes in 2021. With the popularity of disposable vapes rising.
And a recent study by Action on Smoking and Health (ASH), released in July 2022 showed an increase in the number of children who vape. As well as an increase in the number of children who have tried vaping. Children are defined as being aged 11-17 in the study.
The study has also shown an increase in the use of disposable vapes.
What does this all mean for the vaping industry? And in particular flavoured vapes?
News stories focus on concerns that young people are attracted by disposable vapes with colourful packaging and the variety of flavours available. So, could we see restrictions placed on these products?
The UK already has strict rules and regulations when it comes to the sale and advertising of vape products. For example, it is illegal to sell vape and e-cigarettes products to under 18s.
There is not yet any firm idea of whether current regulations will be changed in the UK.
But in the USA there are bans in place on some e-cigarette flavours . And there has been news that the EU may be considering a ban on the sales of flavoured heated tobacco products.
So, this is one to continue to keep an eye on if you are a vape shop owner. And in the meantime, it will be important to ensure that you comply with all relevant legislation linked to the sale of e-cigarette and vaping products.
Get the right insurance
One thing is certain though, if you are a vape shop owner it will be vital to get the right insurance for your vaping business. And keep in mind that the risks associated with a vape shop are very different to those of a traditional retail unit.
Key risks to consider when it comes to arranging your vaping insurance include:
- Product liability insurance
- Crime – protect against theft, vandalism, and cyber crime
- Regulatory and liability litigation
The insurance industry is very aware of the potential issues of flavoured vapes being sold to children. And it is one of the many reasons that availability of cover is limited when it comes to insuring the sector. Even if there is a ban, we may not expect insurance to become more readily available.
Anthony Jones are specialists in the vaping and electronic cigarette insurance market. So, if you are looking to take out vape insurance or are reviewing a current policy then do get in touch with us today on 0208 290 9080 or email us at email@example.com