Are Amazon Third Party Sellers Safe Without Product Liability Insurance?
Are Amazon third party sellers safe without product liability insurance? The short answer: No. Many people with a professional selling plan are either unaware they need coverage, or they’ve opted to take their chances without it. But, per Amazon’s Terms of Service, product liability protection is required for all sellers. Do you carry Amazon product liability insurance? If you don’t, your assets are not protected. Read this post, watch the video below, and follow up in order to protect your business. The Insurance Requirements for Amazon Third Party Sellers Until recently, Amazon has stated the insurance requirement in the ToS, but it has not required sellers to prove that they have product liability coverage. Given the recent lawsuits, Amazon will start to enforce this requirement with sellers who are doing $10,000 or more of monthly sales. That’s a lot of insurance lingo. What do you need to know as a third party seller to keep yourself safe? Here are the basics about Amaz...