What does E-commerce Insurance cover?
- Cyber Liability Insurance provides financial coverage for loss or damage to your electronic data resulting from cybercrime, such as a data breach.
- Product Liability Insurance covers the costs associated with liability claims alleging bodily injury or property damage resulting from a product you manufacture, develop, or sell.
- Business Interruption Insurance provides coverage for income lost due to an unforeseen event that results in the temporary suspension of your business operations.
Who needs E-commerce Insurance?
Whether you run a dropshipping company or manufacture your own products, when it comes to business, insurance is critical to ensuring the long-term survival of your e-commerce store.
Some of our clients include:
- Dropshipping Companies
- Subscription Companies
- E-Commerce Retail Stores
- Wholesale Companies
- Manufacturers
What is the cost of E-commerce Insurance?
- Sales Volume
- Type of Products Sold
- Value of Inventory
- Number of Employees
Insurance policies for high-risk or expensive products, like fireworks or luxury watches, will have a higher premium.
Getting insured is quick and easy!
If ecommerce insurance is what you need, request a free quote now
Common scenarios where E-commerce Insurance is useful
Problem: Your data systems are hacked and your customers’ financial information is compromised.
Outcome: Your Cyber Liability Insurance covers the cost to repair your data systems, as well as legal fees, totaling $225,000.
Problem: A house fire destroys your home office, including your inventory.
Outcome: Your Business Interruption Insurance covers income lost during the three months it takes to repair your office and replace your inventory, totaling $15,000.
Problem: A client claims a product you sold them malfunctioned and caused severe burns.
Outcome: Your client successfully sues for bodily injury. Your Product Liability Insurance covers the legal expenses and medical fees, totaling $89,000.
Which professions require Ecommerce Insurance
Regardless of the type of online business you run, e-commerce insurance is critical:
Fashion – clothing
Jewellery
AR/VR headsets and equipment
Online learning platforms
Electronics
Grocery and food
Healthy pet snacks
Drones
Sporting gear
Office supplies
Cell phone accessories
Cosmetics
Frequently Asked Questions about Ecommerce Insurance
What our customers friends say about us
Our customers ❤ us, and so will you! Learn why thousands of Canadian small businesses trust us with their insurance needs.
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