Running a business is not at all easy, especially online. These days, more and more people are coming up with their exclusive products to sell out on e-commerce sites like Flipkart, Snapdeal and yes of course Amazon.
But is it safe to sell your products on these reputed e-commerce sites? Well, time to know the answers to this query.
Recently, seeing buyers and sellers increasing queries, they have launched their own Amazon product insurance cover for sellers.
SO, exactly what are the benefits allied to amazon insurance policy?
Amazon Liability Insurance
Amazon has launched its own liability insurance policy to offer benefits to everyone, sellers, buyers and itself.
This insurance policy will help sellers in selling the right item so that buyers do not have to face any losses and Amazon doesn’t have to lose its reputation.
In addition, it will even offer Amazon shipping & cargo insurance coverage so that none of the sellers or buyers has to pay for shipping charges.
Many buyers also take advantage and unnecessary charge wrong Accusation against the sellers to save their money and enjoy free products.
To stop such buyers from visiting and again ruining the company’s reputation, it will even offer protection in such circumstance.
Isn’t that amazing??
Amazon Liability Insurance for Sellers
Amazon used to need a general liability insurance coverage if you’d three months of $10,000 of sales or even more.
Recently it has modified, so now any retailer will need to have a $1,000,000 basic liability insurance coverage with products completed.
What which means for you as a retailer is the fact you desire a plan that has standard responsibility and product responsibility whether you are private label, general or retail arbitrage.
Look out for more details related to amazon seller insurance to get more briefings.
A lot of men and women think they cannot afford it, but it surely is inexpensive. If you are a reasonably new retailer doing retail arbitrage you are looking at about $500 yearly policy.
That may appear such as a great deal but it’s part of your conditions of service to have Amazon liability insurance.
Unless you have it, Amazon could suspend you and take you off of the platform, so it is an extremely cheap policy to make certain you’re protected.