What channels are available for purchasing Amazon's 1 million insurance?

What channels are available for purchasing Amazon's 1 million insurance?

Yesterday, I saw a message in my circle of friends:

Sellers will need to purchase and maintain at least $1 million in commercial general insurance, additional liability insurance, or excess liability insurance within 30 days after their sales total $10,000 for three consecutive months.


Sellers who receive the email need to reply to this email using the email address registered with their account within 30 days and attach the liability insurance certificate to the email. The liability insurance certificate must cover all products sold on Amazon.com.


The email content is as follows:


The email stated that sellers are expected to provide proof of liability insurance for products sold through Amazon stores, and sellers must respond before March 15, 2021 .

Specifically, Article 9 of the Sales Agreement requires that sellers purchase and maintain at least $1 million in commercial general insurance, additional liability insurance, or excess liability insurance within 30 days after the total sales amount reaches $10,000 for three consecutive months . For more information, sellers can visit the Amazon Services Business Solutions Agreement website.

Sellers who received the email have reached the threshold of $10,000 in total sales in three months, so they need to reply to this email within 30 days using the email address registered with the account, and attach a liability insurance certificate to the email, which must cover all products sold on Amazon.com. The document should be in the form of a "Certificate of Insurance" issued by the seller's insurance company , and detail the covered property and personnel, coverage, and any exclusions or deductibles. The document can be submitted in .pdf, .png or .gif format.

Through investigation, we found that Amazon has always had this requirement, but it has only recently begun to force professional sellers, that is, third-party sellers, to have insurance.

Amazon Backend Search: Professional Seller Insurance Requirements



Through which channels can I purchase insurance?

1. Taobao, search for amazon insurance and you will find it

2. Through the introduction of a great person in my seller group, I placed an order on coverwallet.com myself, and it cost less than 500 US dollars. Think about it, information asymmetry is really important.


2. What other channels can be used for purchase?


https://amazonins.com/

www.aig.com

www.chubb.com

www.starrchina.com


You can choose the channel that suits you to buy.

By the way , if you have any questions, you can send me a private message, and I will add you to my seller exchange and we can discuss it together.


- END -



<<:  Practical experience from a master! Absolutely useful information on Amazon advertising!

>>:  Share the pitfalls I encountered when selecting products on Amazon

Recommend

Important! Amazon US fees will increase in 2021, and sellers are crying

Yesterday, the U.S. $1.9 trillion subsidy plan beg...

What is Listtee? Listtee Review

Listtee is a simple Amazon seller listing software...

What is Hongchou E-commerce? Hongchou E-commerce Review

Shanghai Hongchou E-commerce Co., Ltd. is committe...

What is Tengbang? Tengbang Review

Founded in April 1998, Tempus is a Chinese nationa...

Teach you how to register ChatGPT step by step, super detailed

If you need information and services, please add ...

What is China Trade News Network? China Trade News Network Review

China Trade News Network (China Trade News) is a c...

Another Shenzhen foreign trade factory collapsed and laid off all employees!

Affected by the global economic downturn, overseas...

What is ZoMaTo? ZoMaTo Review

ZoMaTo is a search engine site that provides users...