Online Retailers Insurance
Compare online retail business insurance from the leading providers
Ensure your business continues to purchase the most appropriate online retail insurance at the most affordable cost because online stores can be exposed to a number of liability and property damage risks.
Benchmark product liability insurance for online retailers
Every retailer is different and will need to consider their own circumstances when deciding which online retail insurance to purchase. As a Willis Towers Watson Network Broker, we have access to wide range of insurers which provide product liability insurance for both physical and online stores.
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What is online retail insurance?
Online retail insurance is a comprehensive and flexible solution designed to reduce the financial burden of something unexpected occurring, such as a compensation claim of damages, or stock damage at a third-party warehouse.
Not all online stores are the same, therefore its worth considering what are the worst circumstances that could occur. Then purchase adequate business insurance that has been designed to meet your shop's needs.
Whether your retail business is online or on the high street, we can assist you with purchasing broad policy cover at a cost-effective premium that can offer protection in a variety of different circumstances.
Which online retail business insurance do we need?
The most commonly purchased policy covers include, product liability, public liability, employers liability, contents insurance, and stock insurance. However, an increasing number of digital stores are also purchasing cyber insurance, and D&O insurance.
Product Liability Insurance
Online retailers will supply goods to their customers, therefore are exposed liable claims as a result of a fault with a good you provided.
Employers Liability Insurance
A legal requirement to purchase the cover if you have employees, offering financial protection against claims arising from injury or illness.
Stock Insurance
Can offer valuable protection against loss or damage from a range of insured perils, such perils include fire, theft, accidental damage, and flood.
Compare online retail insurance for your business with Get Indemnity™ a digital brokerage
Retail insurance for online businesses can start at £365 annually or £30.42 monthlyWhat can online retail insurance cover and how does it work?
Contents and Stock
Covers damage to contents and stock arising from insured perils, such as fire, lightning, explosion, accidental damage, storm, flood, escape of water, theft or attempted theft.
Business Interruption
The policy can cover loss of revenue, additional cost of working, and rent receivable, can be incorporated into your online retail insurance, resulting from damage to your insurable property.
Goods in Transit
The policy can reinstate, replace, repair or pay, following damage to your property whilst in or on or being loaded into or onto or unloaded from any motor vehicle owned by or operated under your direct control.
Online retail - Amazon seller insurance
When you sell products online you will be held responsible for any damage or injury resulting from their use, even if you sell via an online marketplace, such as Amazon, Etsy, or Not On The High Street.
It's a misconception that if your online store has not manufactured the goods, your business can't be held liable for a compensation claim from a product sold that results in bodily injury or property damage.
If the product bears the name of your business, or where the manufacturer cannot be traced, you carry a higher exposure to claims. The courts will seek to apportion blame and compensate the claimant.
What other e-commerce insurance should our online store consider?
For digital stores that trade online, whether through a marketplace such as Amazon or their own website, there are additional risks that your business should consider protection against. Whether that be insuring your cargo from overseas, protecting the data you hold on your customers, or financial protection for the personal assets of the directors of the business.
Cyber Insurance
Protection for data breaches and cyber crimes. With criminals are targeting online retailers with the objective of committing fraud.
Directors and Officers
Offers financial protection for individuals against civil, criminal and regulatory proceedings. The policy helps cover your personal liability.