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    Seller_d5STcDUwj8ZoP

    Product Liability Insurance

    Hi,

    Does anyone know if we are required to obtain a Liability Insurance when we are not the producer of the products that we are selling?

    We are doing wholesale in EU and UK marketplace.

    Thanks

    199 views
    9 replies
    Product safety and compliance
    Tags:Regulations and standards
    00
    Reply
    user profile
    Seller_d5STcDUwj8ZoP

    Product Liability Insurance

    Hi,

    Does anyone know if we are required to obtain a Liability Insurance when we are not the producer of the products that we are selling?

    We are doing wholesale in EU and UK marketplace.

    Thanks

    Product safety and compliance
    Tags:Regulations and standards
    00
    199 views
    9 replies
    Reply
    9 replies
    user profile
    Seller_nJIsCxkWkBGlh
    In reply to: Seller_d5STcDUwj8ZoP’s post

    You can be held liable for products you sell, regardless of whether you are the ultimate manufacturer. So it stands to reason that you should have adequate insurance coverage.

    30
    user profile
    Manny_Amazon
    In reply to: Seller_d5STcDUwj8ZoP’s post

    Hi @Seller_d5STcDUwj8ZoP,

    Yes, you do need liability insurance for wholesale products you’re selling in EU and UK marketplaces, even if you’re not producing them yourself.

    Here are the key points to understand:

    • Amazon requires all sellers to obtain commercial liability insurance within 30 days after exceeding USD 10,000 in gross proceeds in sales in one month on Amazon.com, or if otherwise requested by us.
    • This requirement applies to all products you list for sale in the Amazon store, regardless of whether you manufacture them or not.
    • The policy must cover all sales from products you have listed on the Amazon store.
    • The policy limit must be at least USD 1 million per occurrence and in aggregate, covering liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury.
    • The policy must name “Amazon.com Services LLC and its affiliates and assignees” as additional insureds.

    It’s important to note that these requirements are designed to protect both you and your customers in case of any incidents related to the products you sell.

    Regards,

    - Manny

    00
    user profile
    Seller_CszMeLyCnKpeE
    In reply to: Seller_d5STcDUwj8ZoP’s post

    I looked into this today and was ready to buy some cover at just £15 per month with Churchill but hit a snag when going through all the details with the insurance company on the phone, it said that if the items (Electrical items that i sell. Games consoles) are not tested to official standards, then the cover would be void

    So left it for now and looking into the proper testing protocol, may even pay for a course to become an official PAT tester myself

    My concern though is how easily Amazon will grant claims because if its anything like how easy they grant refunds on the word of a customer... Then this will become the final hurdle that just makes it pointless selling on here anymore

    I have been selling consoles for 13 years on here on and off and never had any issues (industry wide these issues are very very rare) but already since the change in law last October, I now have somebody telling me that a console i sold him hard burned his sons arm and given him trauma (Even though he was willing to just drop the claim in his 2nd message to just be refunded on the item)

    Got me worried this :(

    00
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    user profile
    Seller_d5STcDUwj8ZoP

    Product Liability Insurance

    Hi,

    Does anyone know if we are required to obtain a Liability Insurance when we are not the producer of the products that we are selling?

    We are doing wholesale in EU and UK marketplace.

    Thanks

    199 views
    9 replies
    Product safety and compliance
    Tags:Regulations and standards
    00
    Reply
    user profile
    Seller_d5STcDUwj8ZoP

    Product Liability Insurance

    Hi,

    Does anyone know if we are required to obtain a Liability Insurance when we are not the producer of the products that we are selling?

    We are doing wholesale in EU and UK marketplace.

    Thanks

    Product safety and compliance
    Tags:Regulations and standards
    00
    199 views
    9 replies
    Reply
    user profile

    Product Liability Insurance

    by Seller_d5STcDUwj8ZoP

    Hi,

    Does anyone know if we are required to obtain a Liability Insurance when we are not the producer of the products that we are selling?

    We are doing wholesale in EU and UK marketplace.

    Thanks

    Product safety and compliance
    Tags:Regulations and standards
    00
    199 views
    9 replies
    Reply
    9 replies
    9 replies
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    user profile
    Seller_nJIsCxkWkBGlh
    In reply to: Seller_d5STcDUwj8ZoP’s post

    You can be held liable for products you sell, regardless of whether you are the ultimate manufacturer. So it stands to reason that you should have adequate insurance coverage.

    30
    user profile
    Manny_Amazon
    In reply to: Seller_d5STcDUwj8ZoP’s post

    Hi @Seller_d5STcDUwj8ZoP,

    Yes, you do need liability insurance for wholesale products you’re selling in EU and UK marketplaces, even if you’re not producing them yourself.

    Here are the key points to understand:

    • Amazon requires all sellers to obtain commercial liability insurance within 30 days after exceeding USD 10,000 in gross proceeds in sales in one month on Amazon.com, or if otherwise requested by us.
    • This requirement applies to all products you list for sale in the Amazon store, regardless of whether you manufacture them or not.
    • The policy must cover all sales from products you have listed on the Amazon store.
    • The policy limit must be at least USD 1 million per occurrence and in aggregate, covering liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury.
    • The policy must name “Amazon.com Services LLC and its affiliates and assignees” as additional insureds.

    It’s important to note that these requirements are designed to protect both you and your customers in case of any incidents related to the products you sell.

    Regards,

    - Manny

    00
    user profile
    Seller_CszMeLyCnKpeE
    In reply to: Seller_d5STcDUwj8ZoP’s post

    I looked into this today and was ready to buy some cover at just £15 per month with Churchill but hit a snag when going through all the details with the insurance company on the phone, it said that if the items (Electrical items that i sell. Games consoles) are not tested to official standards, then the cover would be void

    So left it for now and looking into the proper testing protocol, may even pay for a course to become an official PAT tester myself

    My concern though is how easily Amazon will grant claims because if its anything like how easy they grant refunds on the word of a customer... Then this will become the final hurdle that just makes it pointless selling on here anymore

    I have been selling consoles for 13 years on here on and off and never had any issues (industry wide these issues are very very rare) but already since the change in law last October, I now have somebody telling me that a console i sold him hard burned his sons arm and given him trauma (Even though he was willing to just drop the claim in his 2nd message to just be refunded on the item)

    Got me worried this :(

    00
    Follow this discussion to be notified of new activity
    user profile
    Seller_nJIsCxkWkBGlh
    In reply to: Seller_d5STcDUwj8ZoP’s post

    You can be held liable for products you sell, regardless of whether you are the ultimate manufacturer. So it stands to reason that you should have adequate insurance coverage.

    30
    user profile
    Seller_nJIsCxkWkBGlh
    In reply to: Seller_d5STcDUwj8ZoP’s post

    You can be held liable for products you sell, regardless of whether you are the ultimate manufacturer. So it stands to reason that you should have adequate insurance coverage.

    30
    Reply
    user profile
    Manny_Amazon
    In reply to: Seller_d5STcDUwj8ZoP’s post

    Hi @Seller_d5STcDUwj8ZoP,

    Yes, you do need liability insurance for wholesale products you’re selling in EU and UK marketplaces, even if you’re not producing them yourself.

    Here are the key points to understand:

    • Amazon requires all sellers to obtain commercial liability insurance within 30 days after exceeding USD 10,000 in gross proceeds in sales in one month on Amazon.com, or if otherwise requested by us.
    • This requirement applies to all products you list for sale in the Amazon store, regardless of whether you manufacture them or not.
    • The policy must cover all sales from products you have listed on the Amazon store.
    • The policy limit must be at least USD 1 million per occurrence and in aggregate, covering liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury.
    • The policy must name “Amazon.com Services LLC and its affiliates and assignees” as additional insureds.

    It’s important to note that these requirements are designed to protect both you and your customers in case of any incidents related to the products you sell.

    Regards,

    - Manny

    00
    user profile
    Manny_Amazon
    In reply to: Seller_d5STcDUwj8ZoP’s post

    Hi @Seller_d5STcDUwj8ZoP,

    Yes, you do need liability insurance for wholesale products you’re selling in EU and UK marketplaces, even if you’re not producing them yourself.

    Here are the key points to understand:

    • Amazon requires all sellers to obtain commercial liability insurance within 30 days after exceeding USD 10,000 in gross proceeds in sales in one month on Amazon.com, or if otherwise requested by us.
    • This requirement applies to all products you list for sale in the Amazon store, regardless of whether you manufacture them or not.
    • The policy must cover all sales from products you have listed on the Amazon store.
    • The policy limit must be at least USD 1 million per occurrence and in aggregate, covering liabilities caused by or occurring in conjunction with your business operations, including products, products/completed operations and bodily injury.
    • The policy must name “Amazon.com Services LLC and its affiliates and assignees” as additional insureds.

    It’s important to note that these requirements are designed to protect both you and your customers in case of any incidents related to the products you sell.

    Regards,

    - Manny

    00
    Reply
    user profile
    Seller_CszMeLyCnKpeE
    In reply to: Seller_d5STcDUwj8ZoP’s post

    I looked into this today and was ready to buy some cover at just £15 per month with Churchill but hit a snag when going through all the details with the insurance company on the phone, it said that if the items (Electrical items that i sell. Games consoles) are not tested to official standards, then the cover would be void

    So left it for now and looking into the proper testing protocol, may even pay for a course to become an official PAT tester myself

    My concern though is how easily Amazon will grant claims because if its anything like how easy they grant refunds on the word of a customer... Then this will become the final hurdle that just makes it pointless selling on here anymore

    I have been selling consoles for 13 years on here on and off and never had any issues (industry wide these issues are very very rare) but already since the change in law last October, I now have somebody telling me that a console i sold him hard burned his sons arm and given him trauma (Even though he was willing to just drop the claim in his 2nd message to just be refunded on the item)

    Got me worried this :(

    00
    user profile
    Seller_CszMeLyCnKpeE
    In reply to: Seller_d5STcDUwj8ZoP’s post

    I looked into this today and was ready to buy some cover at just £15 per month with Churchill but hit a snag when going through all the details with the insurance company on the phone, it said that if the items (Electrical items that i sell. Games consoles) are not tested to official standards, then the cover would be void

    So left it for now and looking into the proper testing protocol, may even pay for a course to become an official PAT tester myself

    My concern though is how easily Amazon will grant claims because if its anything like how easy they grant refunds on the word of a customer... Then this will become the final hurdle that just makes it pointless selling on here anymore

    I have been selling consoles for 13 years on here on and off and never had any issues (industry wide these issues are very very rare) but already since the change in law last October, I now have somebody telling me that a console i sold him hard burned his sons arm and given him trauma (Even though he was willing to just drop the claim in his 2nd message to just be refunded on the item)

    Got me worried this :(

    00
    Reply
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