Whether you use Fulfillment by Amazon (FBA) or Fulfillment by Merchant (FBM) to deliver your products to customers, Amazon requires all sellers to carry insurance.
Product liability insurance is designed for any business that sells, manufactures, or distributes a product to consumers. It is essential coverage for online retailers, e-commerce businesses, and brick-and-mortar stores because it protects against claims alleging third-party property damage or bodily injury caused to the buyer by any product you sell, manufacture, or distribute. Yes. As of September 1, 2021, Amazon requires all sellers to carry liability insurance who earn more than $10,000 in monthly sales. Amazon seller insurance from Zensurance helps Canadian retailers meet Amazon’s insurance requirements, including:
A policy with a limit of at least $1 million per occurrence and in aggregate covers liabilities caused by or occurring in conjunction with your business operations, including products, property damage, and bodily injury. The insurance policy type can be either commercial general liability, umbrella, or excess liability and be occurrence-based. Whether your business is a private label seller, wholesaler, or retail shop that uses Amazon or any online marketplace, including eBay, Etsy, and Wayfair, it’s vital to safeguard your company against any unknown risks that may arise.
