We are currently in the market to renew/obtain our general liability policies for our corporation. We are in e-commerce biz, of course, and need to keep protection in place from crazy lawsuits or customers.
Many people may not realize that a number of the major marketplaces (Amazon, Rakuten, BestBuy, etc) have a clause in their Marketplace Reseller Agreement that *requires* a seller to have a certain amount of liability coverage. This protects us, but also protects them.
Anyway, the reason for my post is I'm wondering if people can comment on good carriers or companies to use. Is there a company out there that specializes in underwriting e-commerce-oriented companies?
Most of the carriers that quote policies through your everyday insurance brokers look at gross sales and premiums can be crazy high. They don't understand that in many cases, especially with dropshippers, the net sale and profit % is quite low, as compared to gross sales.
I am going to post this on Amazon Seller Support forums as well. I would think there may be some companies out there that specialize in insurance and liability for e-commerce folks.
Hope to get some comments here ... are you covered? Who do you use? Are you comfortable sharing premium amounts?
Let the dialog begin.