Provide your online business with the protection it needs.
Voldico offers a commercial general liability insurance policy for Amazon sellers that will give you both peace of mind and legal protection if you are the subject of a claim.
Let our agents work with you to create a policy that will protect your assets and your livelihood.
What is it, and do I need it?
As an online seller, your business faces liabilities every day. The only way to protect your assets is to carry adequate business liability insurance.
A commercial general liability (CGL) insurance policy is the first line of defense against many common claims and is required for professional selling plans on Amazon (see below).
Amazon Sellers Must Provide Proof of General Liability Insurance
Sellers with professional selling plans on Amazon.com must provide proof of Commercial General Liability insurance. This insurance, obtained at the seller’s expense, shall cover up to $1,000,000 per occurrence and in the aggregate and must include products liability, bodily injury, or personal injury, property damage, and other requirements as stated in the Participation Agreement. The insurance must indicate that “Amazon.com, Inc., and its affiliates and assignees” are added as additional insureds.
The Certificate of Insurance must; be the original document, contain an additional insured endorsement, list all seller’s subsidiaries or DBAs covered by the certificate provided, provide at least 30 days’ notice of cancellation, modification, or nonrenewal, show complete insurance carrier names as listed in the A.M. Best Property & Casualty Guide, be completed in its entirety and signed.
You may also satisfy the insurance limits by using any combination of Commercial General Liability and Umbrella and/or Excess Liability insurance.
Types of Coverage
General liability insurance covers claims of bodily injury, physical injury or property damage. It also covers the cost to defend or settle claims, even if the claims are fraudulent.
The policies contained within this insurance product are designed specifically for Amazon sellers 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 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 product, and, in some instances, a defective design or a failure to warn.
When it is part of a commercial general liability policy, the coverage is called Products Completed.
Every online seller needs a different protection depending on what and how much they’re selling. Work with an agent who is knowledgeable about Amazon General Liability Insurance and who will take the time to understand your needs.