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What types of insurance do e-commerce and online retailers need?
These policies provide coverage for the most common risks of online retail.
Business owner’s policy
A business owner’s policy bundles property insurance and general liability insurance in one plan. It's often the most cost-effective type of commercial insurance for online retailers.
BEST FOR
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Customer injuries
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Stolen or damaged inventory property
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Business interruption incidents
General liability insurance
This policy covers basic e-commerce risks, such as a delivery person stumbling on your porch and breaking a leg. Bundle with property insurance in a business owner’s policy.
BEST FOR
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Slip-and-fall accidents
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Damaged customer property
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Libel or slander lawsuits
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for e-commerce businesses that have employees. It can cover medical costs for work-related injuries
BEST FOR
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Employee medical expenses
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Partial missed wages
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Lawsuits over employee injuries
Umbrella / excess liability insurance
Once an online business reaches its policy limit, umbrella insurance (or excess liability insurance) boosts coverage on general liability or employer’s liability policies.
BEST FOR
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Customer injury lawsuits
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Customer property damage lawsuits
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Employee injury lawsuits
How much does insurance cost for retail businesses?
Several factors will have an impact on insurance costs, including:
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Retail products and services offered
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Business equipment and property
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Revenue
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Location
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Number of employees
Why do e-commerce and online retailers need insurance?
Your complex drawings often include technical details and specific measurements. A simple error can have major repercussions on a project – which could lead to a costly lawsuit. Business insurance for draftsmen shields your business from the high cost of As an online store owner, you may think you’ve dodged a lot of liability, but you still face many of the same risks of any retail store. With the right e-commerce business insurance, you gain protection against damaged inventory, product liability lawsuits, and other unexpected costs.
