Insurance
WE are an owner from AU and sell in the US anyone have an idea who we can buy insurance to cover our personal body care items?
Insurance
WE are an owner from AU and sell in the US anyone have an idea who we can buy insurance to cover our personal body care items?
5 replies
Connor_Amazon
Hi @Seller_AJmQ6eoo8D17V
Connor from Amazon here, thank you for reaching out.
Commercial liability insurance will be required if the sales threshold is met or upon request by Amazon. Please see below for more information on commercial liability insurance.
We have worked with an insurance broker to create Amazon Insurance Accelerator, a network of insurance providers who will evaluate and, if appropriate, offer liability insurance at competitive rates to qualifying sellers. You can learn more about Amazon Insurance Accelerator and contact the providers here: https://sellercentral.amazon.com/mario/v2/az/flow/BusinessInsurance
If you do not wish to use the Amazon Insurance Accelerator program, you can choose any insurance provider that meets our requirements below.
1. The insurance policy type can be either commercial general, umbrella, or excess liability and be occurrence based, except for certain product categories that are outlined in the Frequently asked questions;
2. The policy limit must be at least USD 1 million per occurrence and in aggregate, and cover liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury;
3. The deductible for any policy(ies) must not be greater than $10,000. Any deductible amount must be listed on your Certificate of Insurance;
4. The policy must cover all sales from products you have listed on the Amazon.com store;
5. The policy must name "Amazon.com Services LLC and its affiliates and assignees" as additional insureds;
6. Except for single-member LLCs, your insured name must match the “legal entity” name you provided to Amazon in your Account Info. For single member LLCs, where your legal entity name is different than the name you publicly use to identify your business (“trade name,” “doing business as,” or “DBA”), it is also acceptable for your insured name to match your trade name;
7. Your insurance provider must have global claim handling capability and a financial rating of S&P A- and/or AM Best A- or better (if S&P or AM best is not valid or used in the country where you are required to obtain insurance, a local equivalent is allowed);
8. The policy must be completed in its entirety and signed; and
9. Your insurance provider must give Amazon at least 30 days’ notice of cancellation, modification, or non-renewal.
Please let me know if there are any questions.
Thanks,
Connor