We compare the measurements of the bispectrum and the estimate of its covariance obtained from a set of different methods for the efficient generation of approximate dark matter halo catalogs to the same quantities obtained from full N-body simulations. To this purpose we employ a large set of three-hundred realisations of the same cosmology for each method, run with matching initial conditions in order to reduce the contribution of cosmic variance to the comparison. In addition, we compare how the error on cosmological parameters such as linear and nonlinear bias parameters depends on the approximate method used for the determination of the bispectrum variance. As general result, most methods provide errors within 10% of the errors estimated from N-body simulations. Exceptions are those methods requiring calibration of the clustering amplitude but restrict this to two-point statistics. Finally we test how our results are affected by being limited to a few hundreds measurements from N-body simulation, and therefore to the bispectrum variance, by comparing with a larger set of several thousands realisations performed with one approximate method.