AMAZON SELLER REQUIRED INSURANCE
Comply with Amazon’s seller requirements for insurance coverage. Our products meet all insurance requirements for Amazon Professional Sellers Plans. The only way to protect your business assets is to carry adequate business liability insurance. A Commercial General Liability insurance policy is the first line of defense.
EBAY SELLER INSURANCE
Comply with Ebay's seller requirements for insurance coverage. Our products meet all insurance requirements for Ebay Sellers. The only way to protect your business assets is to carry adequate business liability insurance. A Commercial General Liability insurance policy is the first line of defense.
IS YOUR E-COM BUSINESS COVERED?
Comply with Amazon’s seller requirements for insurance coverage. Our products meet all insurance requirements for Amazon Professional Sellers Plans. The only way to protect your business assets is to carry adequate business liability insurance. A Commercial General Liability insurance policy is the first line of defense.
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BETTER INSURANCE
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You’re just a few clicks away from the insurance Amazon requires for your e-commerce business! We’ve pre-built a program that matches what you need for your Amazon Pro Seller account – simply answer a few questions about your business and you’re all set!
General Liability - Required
This policy is required by Amazon! General liability is a type of coverage which protects individuals or corporations against claims for damages caused by the insured's negligence.
General liability policies are often referred to as "business insurance" because they cover areas such as premises liability, products liability, and employer's legal liability. General liability policies provide protection to insureds in several areas of potential legal liability.
Property Insurance
Property insurance is a type of insurance policy that pays for damages or injuries to your property. It can also be referred to as homeowner’s insurance, property and casualty insurance, landowner's coverage, and homeowner's coverage. Property insurance provides protection against physical loss or damage to your property (also referred to as property, real estate, or personal property) resulting from such risks as fire, wind, theft, vandalism, and utilities.
Product Liability - Required
Product liability is the responsibility a manufacturer has for the item they produce. This responsibility can range from manufacturing defects to inadequate warnings about a product's use or dangers.
A dangerous item with improper warning labels also fails to meet product liability law requirements.
As a reseller, you can be held iable as well for any damages, which is why you need to consider product liability insurance
A dangerous item with improper warning labels also fails to meet product liability law requirements.
As a reseller, you can be held iable as well for any damages, which is why you need to consider product liability insurance
Cyber Liability - Required
Cyber liability insurance aims to protect businesses from online risks. Insurance companies are working hard to keep up with the most recent threats, like ransomware, which can infect devices and networks and hold them hostage for ransom. The best cyber liability insurance covers your business against outside attacks, DDoS attacks, malware infections, data security breaches, and a host of other possible interruptions. Best Cyber Liability Insurance Companies
These policies offer protection from a variety of threats, including:
Cyber extortion and blackmail attacks (e.g., ransomware). Online data breaches protecting intellectual property and financial information with coverage against identity theft and credit monitoring.
Business Auto Insurance
Some businesses need a Business Auto Insurance policy to cover vehicles belonging to the company. But, what does this insurance actually do?
Business Auto Insurance provides cover for all vehicles owned by your company. This is in addition to any Collision and Comprehensive coverage you may have on those vehicles. It covers losses such as liability, uninsured motorist coverage, and physical damage for the vehicle. Business Auto Insurance is often needed to cover the cost of repair or replacement of the vehicle, and any medical costs incurred by those involved in an accident.
Some business owners are hesitant to purchase a Business Auto Insurance policy because they believe that their general liability coverage will cover accidents.
Workers Compensation
A workers compensation policy is a form of insurance that provides compensation for the employees in the event of injuries or sickness incurred while at work.
In many countries, employers have a legal obligation to provide workers with this insurance. In the United States, employers must provide workers with coverage for compensating on-the-job injuries by either purchasing a commercial policy from an insurance company (in which case they are called "self-insured"), or by becoming part of state fund for employees (which is usually administered through their state's department of labor).
Professional Liability -
Professional liability insurance (PLI) is a type of commercial insurance, also called “errors and omissions” insurance that covers people who are engaged in providing services for pay to individuals or businesses. Professional liability coverage protects against claims of damages, either civil or criminal, based on an unintentional tort committed by the policyholder in the course and scope of his/her work. Torts may include negligence, malpractice and property damage.
There are two components to a professional liability claim: first there is the element of intent followed by causation. Did the policyholder intend to cause harm? And did the intended harm occur? What is important in determining intent is whether the damage was within the scope of duty.
Cargo Insurance
In the event your shipment is lost or damaged in transit, cargo insurance can be used to cover any expenses incurred by a customer. This includes repairing or replacing damaged goods and compensating businesses for lost profit.
Cargo insurance can be applied to commercial, agricultural, and retail shipments alike. It typically covers all costs incurred from transporting goods to end markets; ensuring a business' total supply chain is supported no matter what happens along the way.
But how does it work? Cargo insurance is an extension of a standard General Insurance policy that covers property loss and damage during transport of items through land, air, or water.
3PL & Warehouse Insurance
Warehouse Insurance is meant to protect the items in a warehouse from damage, theft, and natural disasters so that there are no costly surprises. This type of insurance often has a higher deductible, but the coverage is typically much higher than property insurance that covers residential properties. This type of policy can potentially also covers what is in transit on the way to and from the warehouse.
So, if you are looking for protection for items sitting in your warehouse or on their way into, out of, or within it- be sure and get a quote from an experienced broker to discuss how you can protect your company's most valuable assets.
Employee Practices Liability Insurance
For many employees, the terms "employment practices liability insurance" and "ERISA" are unfortunately synonymous. This type of insurance is a critical component of any employer's HR strategy, as it can save small companies from crippling financial penalties.
The purpose of employment practices liability insurance is to provide protection for an employer against claims by employees that they were terminated or otherwise harmed in violation of their rights under federal law. The most well-known federal law in this context is the Americans with Disabilities Act (ADA).
Group Health Insurance
Group health insurance is a form of health coverage that an employer offers to its employees along with their salary. It can also be made available to people who are related to the employee or hired to work in certain specific jobs, or that meet other similar criteria.
Group health insurance, as opposed to individual health insurance, is typically less costly and more comprehensive because it usually covers areas not covered by individual plans. Group plans may offer extras such as dental coverage for kids, prescription drug assistance programs or wellness initiatives like weight loss goals and smoking cessation programs. It may also include benefits such as psychological services, alternative medicine options and chiropractic care.
Personal Insurance
If you're anything like the average American, you're probably spending a good amount of time worrying about personal financial safety. There are so many uncertainties out there that can completely derail your life if you don't have enough money to protect yourself from them. One uncertainty that may be on your mind is what will happen if something happens to the house or car(s) and they need to be repaired/replaced quickly?
It's not hard to figure out how much a new roof would cost if your old one goes up in flames, or how much it might cost for repairs after a tree falls on the roof of your house during one of those terrible bouts of winter weather.
ABOUT
Beacon Point Insurance is an Independently Insurance Agency based out of Kansas City, Missouri that serves business owners across the country.