Amazon Seller Insurance
Insurance For Amazon Sellers
Amazon are one of the world’s largest online retail platforms selling an estimated product range of over 12 million different products. If you are an Amazon Seller, you are required to have Amazon Seller Insurance with a minimum limit equivalent to 1 million US dollars per occurrence and in aggregate. Cover is required for liabilities caused or occurred in conjunction with your business operations, including product, products or completed operations and injury.
In addition, Amazon insist that any Amazon Seller Insurance policy must name “Amazon”, its affiliates, and assignees as additional insureds. Amazons Europe Business Agreement can be read HERE.
All the above sounds a little daunting but here at Konsileo, we have a specialist Amazon team who have years of experience working with Amazon Sellers and fully understand your insurance needs, ensuring you and your business are protected against liabilities and risk and meet all insurance covers required by Amazon.
Can I also get USA Product Liability Insurance?
Yes, Konsileo can provide cover for the USA and Canada. Amazon requires its sellers to obtain insurance coverage for Product Liability with a minimum cover equivalent to $1 million US dollars, however, if selling to the USA we would recommend at least $2 million coverage if you ship to the USA.
What other covers are available in Amazon Insurance?
Like any business insurance, it is advisable to speak with your broker to ensure that all areas of your operations are risk assessed and adequate covers put in place to protect your business.
Optional covers may include (but not limited to dependent on your operations);
- Marine Insurance
- Property Insurance
- Public Liability
- Employers Liability Insurance
- Cyber Insurance
- Goods in Transit Insurance
Amazon Insurance for UK Domicile Businesses
Amazon Insurance is available to all UK Domicile businesses, our specialist team of able to advise and provide covers for drop shipping, white label and products shipped to Europe, the USA and Canada.
Why Choose Konsileo for your Amazon Sellers Insurance ?
Whether you are an Amazon Seller, Amazon FBA, operate Amazon White label, sell to the UK, Europe or the USA and Canada, our specialist team can help with your Amazon Insurance Covers.
We have a wealth of experience and knowledge with Amazon Sellers.
Frequently Asked Questions
Yes, Amazon sellers should have insurance because product, stock, shipping, customer injury, claims can be costly and may not be covered by Amazon.
Amazon generally requires commercial liability insurance, including product liability cover, once sellers exceed the applicable sales threshold or if Amazon requests it, with Amazon named as an additional insured.
Yes, a suitable Amazon seller commercial liability policy should include product liability insurance, covering claims for injury or property damage caused by products you sell, subject to the policy terms and exclusions.
If someone sues you over a product sold on Amazon, you may have to defend the claim, pay legal costs, damages or settlements, and rely on product liability insurance to protect your business.
Not automatically, most UK insurance policies exclude or restrict USA/Canada claims, so Amazon sellers must check they have worldwide cover including USA product liability.
Yes, it can be an Amazon requirement if you sell on Amazon.com or otherwise meet Amazon’s insurance rules, as seller liability insurance must cover the territories where your products are sold, so a UK seller selling into the USA needs US-inclusive product liability cover.
You may be able to start selling on Amazon US without insurance, but once you meet Amazon’s threshold or Amazon requests it, you must arrange compliant commercial liability insurance including product liability
No, FBA handles storage, picking, packing and delivery, but it does not replace your need for seller insurance such as product liability cover.
Yes, if you import products from China and sell them on Amazon, you may be treated as the responsible supplier/importer and could be legally liable for product defects, safety issues, injuries, or property damage.
If Amazon asks for proof of insurance, you must provide a compliant certificate or policy evidence within their deadline, or your selling privileges, listings, or payments could be restricted.