Doing online business has become a trend, especially selling products. There is end number of sellers on the e-commerce sites like Flipkart, Snapdeal and Amazons.
Out of all the reputed e-commerce sites, Amazon has come forward to offers a commercial general liability insurance policy for Amazon sellers that will not just offer them peace of mind, but legal protection also.
You must be wondering why to opt for Amazon sellers insurance? But it is not just any sellers insurance. Amazon product insurance offers coverage for both products as well as to the seller.
As an online seller, your business faces accountabilities on daily basis the only way to defend your assets are to carry correct business liability insurance.
Types of coverage offered by Amazon in one policy to their potential sellers:
General liability insurance covers entitle for the bodily injury or property damage. It even offers coverage for the cost to protect or settle claims, even if the pledges are deceitful.
To help and support Amazon sellers from all the expected and unexpected, Amazon general liability insurance is launched, which will cover almost all the liabilities.
The policies contained within this insurance product are designed specifically for Amazon retailers to meet the professional selling plan requirements associated with Amazon.com.
Product liability insurance protects the business from claims related to the manufacture or sale of product/goods to the general public.
It covers the manufacturer’s or seller’s liability for losses or injuries to a buyer, user or bystander caused by a defect or malfunction of the merchandise, and, in some instances, a defective design or a failure to warn.
You must seek for more details online to get enough related information.
When it is part of a commercial general liability policy, the coverage is called Products Completed.