Online Retailer Insurance

It depends on many factors. Firstly, if you have staff working for your online business, you’ll need to protect your employees from injury. If you also have a physical shop, you’ll also need public liability insurance to protect against injuries to any of your customers. You’ll have to perform a risk assessment of your business and calculate the exact extent of coverage required.

Contact your insurance company as soon as possible. Make sure you inform them about the full circumstances of the claim to help them respond as quickly as possible. 

Yes. There are several kinds. Public liability cover protects your customers when they are onsite while employee liability insurance covers any injuries to your staff during the course of their work. You will also need product liability insurance in case your products cause damage to the end customer.

Just like any other shop, when you operate an online business you need to make sure that you have the right insurance in place. The types of insurance needed for an online retail business depends on the business model and what products or services are sold, but the most common types for online retailers are:

• Product liability insurance
• Business interruption insurance
• Cyber liability insurance
• Shipping insurance

The types of insurance for online retailers needed will depend on the products or services you sell and your business model. For example, if you sell digital products, you likely won’t need shipping insurance. And, if you have a drop shipping business, you may not need product liability insurance since you don’t actually handle the products yourself.

If you are selling physical products, you will need product liability insurance, public liability insurance cover, business interruption cover, stock and business equipment cover, and shipping insurance. If you are selling digital products, you will likely only need business interruption insurance and cyber liability insurance. Speak with an insurance agent or broker to determine the best policies for your online shop.

If you are selling products from your home, you will need to check with your homeowner’s insurance policy to see if you are covered for business activities. Most home insurance policies exclude or limit coverage for legal costs, so you may need to purchase a separate policy to insure your home-based business.

If you are selling digital products, you likely won’t need product liability insurance since there is no physical product that can cause injury or damage. However, you may still need cyber liability insurance to protect yourself from claims arising from data breaches or hacking. Speak with an insurance agent or broker to determine the best policies for your online shop.